Tokyo Zairyo Corp., a raw material trading company and a subsidiary of Zeon Corp. (TYO:4205), has announced its annual net revenue for the fiscal year ending March 2016 was 87.924 billion yen ($865 million), down 2 percent year-on-year. Ordinary income was 1.854 billion yen, up 2 percent and net profit was 1.357 billion yen, down 13 percent. Ordinary income rose...
China’s ministry of commerce has announced that it will reopen its examination of the anti-dumping duty on chloroprene rubber (CR), prompted by a complaint that was filed by a Chinese CR manufacturer. On the other side of the equation, with local users comprised largely of businesses that rely on CR imports, numerous CR manufacturers are seeking an impartial judgment. For...
The chloroprene rubber (CR) business of Denka Co. Ltd. (TYO:4061) has increased its revenue since Nov. 1 of last year, when operations started up at U.S. subsidiary Denka Performance Elastomer LLC. Domestically, however, the business has stagnated somewhat, with a decline in CR for vehicle parts due to a downturn in automotive production volume. Denka has also suffered declines in...
While production for rubber products languishes overall, domestic production volume of rubber and resin rolls is trending upward. According to statistics from the Japan Rubber Manufacturers’ Association (JRMA), year-on-year production volume has risen for four straight quarters from the second quarter of last year (April-June) through the first quarter of the current year (January-March). While production of rubber products used...
Both export and import value for rubber products declined year-on-year for the month of April, according to records collated by the Japan Rubber Manufacturers Association. Sourced from Trade Statistics of Japan, the records show that the value of exported rubber products for April was 76.59 billion yen ($760 million), which makes for a year-on-year decline of 10.8 percent. It was...
Tosoh Corp. (TYO:4042), a chemical manufacturer that makes synthetic rubber, has established a new on-the-job training and research facility at its Nanyo factory complex in Shunan, Yamaguchi Prefecture. The training facility was built to provide manufacturing operators and technical staff with real experience in both normal and emergency plant operations and control methods. It will be used for real-life training...
