Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...
Mitsui Chemicals Inc. (TYO:4183) has announced that it will acquire the Sunvieo thermoplastic styrene elastomer (TPS) business currently held by Asahi Kasei Corp. (TYO:3407) on Oct. 1. The acquisition price has not been disclosed. With the acquisition, Mitsui Chemicals will be better situated to answer wide-ranging needs in various sectors, such as auto parts and consumer products. Mitsui Chemicals currently...
JSR Corp. (TYO:4185) posted sales of 203.54 billion yen ($1.78 billion) in sales for the April–September first fiscal half, up 11.7 percent from the year-earlier period, and operating profit of 23.37 billion yen, up 56.3 percent on the year. Net profit was reported up 53.6 percent on the year to 17.97 billion yen. The report, conforming to International Financial Reporting...
Toyoda Gosei (TYO:7282) and its domestic and overseas group companies recently carried out a corporate social responsibility (CSR) activity around the globe, involving approximately 7,000 executives, employees and their family. The event, which has been held every year since 2012, aims to raise awareness toward service to society through group-wide volunteer work catered to local communities. This year’s domestic activities...
JFE Engineering Corp. recently announced that it has been awarded a contract for expansion work at Asahi Kasei Corp.’s (TYO:3407) plant in Singapore, which manufactures solution-polymerized styrene butadiene rubber (S-SBR). After receiving an order from Asahi Kasei, JFE Engineering began construction work to expand the facilities in July, and will complete the work by January 2019. With this expansion, production...
Zeon Corp. (TYO:4205) recently announced that it its subsidiary Optes Inc. has begun full-scale operations at a new production line for retardation film used in LCD televisions. The line is part of Optes’ Himi Plant in Hokuriku. The new production line is Zeon’s sixth for retardation film, and is able to produce 24 million square meters of the material per...
