Zeon Corporation will build a new plant for cyclo-olefin polymer (COP), a high-performance resin that is one of its main products. The investment, including land and utilities, will be approximately 70 billion yen ($443 million). The company has long been considering measures to strengthen its resilience by decentralizing its COP production bases. The new plant will be constructed in Shunan...
Kraton Polymers Japan will raise the price of Kraton G SEBS and SEPS by 35 yen ($0.22) per kilogram for deliveries on July 1. The company said, “Due to the rising costs of raw materials, energy, logistics, and delivery of our products, as well as the impact of foreign exchange rates on profitability, we have determined that it is essential...
Zeon Corporation will cease 60% of its synthetic rubber manufacturing capacity at its Tokuyama Plant in Shunan City, Yamaguchi Prefecture, the company said at a meeting held on June 11 to explain the progress of the second phase of its medium-term management plan. It plans to stop production of E-SBR (emulsion polymerization styrene butadiene rubber) Series 1 and NBR (acrylonitrile...
Osaka Soda has announced that it will raise the prices of four synthetic rubber and synthetic resin products, starting with shipments on July 1. The price increases are 30 yen ($.19) per kilogram for Epichromer epichlorohydrin rubber and Racrester acrylic rubber, 35 yen per kilogram for DAP resin-based Daiso DAP monomer and 45 yen per kilogram for Daiso DAP. The...
Zeon Corporation announced on June 10 that it will raise the selling prices of petroleum resins and thermoplastic elastomers, starting with deliveries on July 1. The price increase is 50 yen ($0.32) per kilogram for both Quintone petroleum resin and Quintac thermoplastic elastomer SIS. The company said, “The costs of manufacturing and supplying our products, including main raw material prices,...
Shin-Etsu Chemical announced on May 31 that it will raise the selling price of polyvinyl chloride resin (PVC) for the Japanase domestic market by more than 15 yen ($0.10) per kilogram starting for deliveries from July 1. Regarding this price increase, Shin-Etsu Chemical said, “Raw material prices have remained high, partly due to the effects of the weak yen. In...
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