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...
Tosoh Corp. (TYO:4042) has reported its business results for the April–September quarter of fiscal 2020. The company posted net sales of 328.47 billion yen ($3.14 billion), down 17.1 percent year-on-year; operating income of 17.64 billion yen, down 56.3 percent; ordinary income of 17.97 billion yen, down 57.1 percent; and quarterly net profit of 11.71 billion yen, down 56.3 percent. Tosoh’s...
Denka Co. Ltd. (TYO:4061) posted 160.3 billion yen ($1.52 billion) in sales in its business report for the April–September quarter of fiscal 2020, marking a year-on-year drop of 16.5 percent. Operating income was just under 12.07 billion yen, down 21.4 percent year on year, while ordinary income was 12.29 billion yen, down 15.4 percent, and net profit at 10 billion...
Sumitomo Riko Co. Ltd. (TYO:5191) recently released its financial results for the first half of fiscal 2020, revealing a decrease in both revenues and profits. On the whole, the company’s first-half results included sales revenue of 167.23 billion yen, down 27.1 percent year-on-year; a business loss of 7.54 billion yen, down from an business profit of 5.23 billion yen; and...
JSR Corp. (TYO:4185) has started to ship out solution-polymerized styrene–butadiene rubber (S-SBR) manufactured at JSR MOL Synthetic Rubber Ltd. The shipment launch was announced on Oct. 27 by JSR Director and Managing Officer Hideki Miyazaki, who gave the news during an online briefing regarding the company’s financial results for the second quarter of fiscal 2020. Miyazaki said that while it...
Dow Chemical Japan Ltd. has announced that it will be raising prices on its propylene-based glycol ether solvents by 30 yen ($0.28) per kilogram. The company will apply this change to all shipments starting Oct. 21. Explaining the move, Dow Chemical Japan said that profitability for propylene glycols has been worsening due to a surge in raw material costs, creating...
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