Toshio Imai, a managing executive officer at chloroprene rubber (CR) market leader Denka Co. Ltd. (TYO:4061), recently revealed plans by the company to deal with globally tight supply for CR. Imai clarified that Denka intends to increase its production of the material by 10,000 tons, and that plans here include resuming operations at a stopped line within its domestic Omi...
Shin-Etsu Polymer Co. Ltd. (TYO:7970), a processing manufacturer of polyvinyl chloride (PVC) and silicone rubber products, has reported 79.34 billion yen ($722.47 million) in sales for fiscal 2017, up 7.3 percent from a year prior. In other metrics, the year saw Shin-Etsu Polymer generate 7.21 billion yen in operating profit, up 30.7 percent; 7.27 billion yen in ordinary profit, up...
Synthetic rubber giant Zeon Corp. (TYO:4205) recently released its business results for fiscal 2017, with highlights including the company topping its previous record figures for sales, operating profit and ordinary profit. Sales for the year ended at 332.68 billion yen ($3.04 billion), up 15.7 percent year-on-year. Meanwhile, operating profit totaled 38.88 billion yen, up 26.4 percent; ordinary profit came in...
Daicel-Evonik Ltd.’s Vestakeep Care brand of polyether ether ketone (PEEK) resin has been selected for use in a high-performance plastic syringe needle currently under development by Yamada Seiko Co. Ltd. Made using precision die casting and molding technologies, the needle is extremely thin, featuring an outer diameter of 0.57 millimeters and an inner diameter of 0.31 millimeters. The product is...
JSR Corp. (TYO:4185) recently released its financial results for fiscal 2017, with these showing that sales from the company’s elastomer division went up 6.5 percent year-on-year to 197.37 billion yen ($1.81 billion). Operating profit from the division was at 14.87 billion yen, up 69 percent, while sales volume was at 677,731 tons, down 3 percent. In response to rising butadiene...
Hideo Tsuji, president and CEO of Lanxess KK, held a press conference on April 17 to discuss the company’s plans and activities for fiscal 2018. Speaking at the event, Tsuji said that his company – which is the Japanese arm of German-based specialty chemicals manufacturer Lanxess AG – will provide lightweighting solutions for next-generation vehicles. This will include efforts in...
