Shin-Etsu Chemical Co. Ltd. (TYO:4063) recently announced that it is planning to increase the price of all of its silicone products. This price hike will come into effect starting with shipments made in April, and will see prices rise by 10–20 percent. Commenting on the price increase, Shin-Etsu Chemical noted how the cost of silicon metal – the main raw...
Dow Chemical Japan Ltd. is set to raise prices by 50 yen ($0.47) per kilogram on its propylene glycol ether products. This will come into effect from March 8 shipments onward. Commenting on the decision, Dow Chemical Japan noted how while raw material costs for propylene glycol ether continue to surge, the global supply–demand balance for the product is tightening,...
Denka Co. Ltd. (TYO:4061) has released its business results for the first three quarters of fiscal 2020. The company revealed sales revenue of 261.99 billion yen ($2.51 billion) for the April–December period, down 9.2 percent year-on-year; an operating income of 28.03 billion yen, up 16.7 percent; an ordinary income of 27.3 billion yen, up 20.2 percent; and a net income...
Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu spoke recently about the expectation of growth in the electric-powered vehicle market, describing the trend as something that should benefit his company going forward. And already, he said, Sumitomo Riko is doing well at securing orders for new products in this field. Shimizu said that given the policies of national and local...
Chemicals manufacturer Osaka Soda Co. Ltd. (TYO:4046) recently reported its business results for the April–September quarter of fiscal 2020, showing a decline in both sales and profits. The company posted sales of 45.18 billion yen ($434.46 million), down 14.8 percent year-on-year. Meanwhile, operating income was 3.5 billion yen, down 29.4 percent; ordinary income was 3.7 billion yen, down 28.7 percent;...
Asahi Kasei Corp. (TYO:3407) has raised the prices for its Tuftec and S.O.E. hydrogenated styrenic thermoplastic elastomer products to 25 yen ($0.24) or more per kilo, starting with November 16 shipments. The chemicals manufacturer said that the price hike is due to manufacturing cost increases far beyond the range it can cover through its own cost-cutting efforts, being necessary then...
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