Ube Industries Ltd.’s (TYO:4208) butadiene rubber (BR) joint venture factory in Malaysia, Lotte Ube Synthetic Rubber Sdn. Bhd. (LUSR), expects to start fully operating in the second half of the current fiscal year. Synthetic rubber is one of the business areas designated for aggressive expansion in Change & Challenge 2018, Ube Industries’ three-year medium-term business plan launched in fiscal 2016....
Chemicals manufacturer Osaka Soda Co. Ltd. (TYO:4046) has released its business results for the fiscal year ending in March 2017. The company saw sales of 93.59 billion yen ($840.94 million), a year-on-year decrease of 8.4 percent; operating profit of 6.59 billion yen, an increase of 2.2 percent; ordinary income of 6.54 billion yen, an increase of 1.5 percent; and net...
Toyoda Gosei Co. Ltd. (TYO:7282) and Advanced Softmaterials Inc. have concluded an exclusive licensing agreement for the use and sales of Slide-Ring Material, a key material for e-Rubber. The agreement is limited to applications of the material in dielectric actuators and dielectric sensors. Advanced Softmaterials, which was established in 2005 with the aim of commercializing the Slide-Ring Material developed at...
Ube Industries Ltd. (TYO:4208) has released its business results for the fiscal year ending March 2017. The company saw sales of 616.56 billion yen ($5.44 billion), a year-on-year decrease of 3.9 percent; operating profit was down at 34.96 billion yen, a 15.6-percent decline; ordinary income dropped to 33.35 billion yen, a 15.8-percent decline; and net profits rose to 24.19 billion...
NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted sales of around 713,138,000,000 yen ($6.29 billion) for the fiscal year ending March 2017, representing a year-on-year decline of 4.4 percent. Meanwhile, operating profit was down 17.6 percent year-on-year to 39,776,000,000 yen, ordinary income dropped 14.9 percent to 45.79 billion yen, and net income for the year fell 9.1 percent...
Shipment volume of carbon black rose 6.1 percent year-on-year to 52,479 tons in March, the third straight month of positive growth, according to records compiled by the Japanese Carbon Black Association. Total shipment for rubber use rose 6.8 percent year-on-year, up for the third straight month, at 49,270 tons. Although shipments for tire use were up 11 percent, shipments for...
