Zeon reported net sales of 382.28 billion yen ($2.42 billion), down 1.6% year-on-year, operating income of 20.50 billion yen, down 24.6%, ordinary income of 26.91 billion yen, down 14.3%, and net income of 31.10 billion yen, up 194.3% for the year ended March 2024. In the elastomer materials business segment, sales declined 3.1% to 215.29 billion yen, and operating profit...
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Shin-Etsu Polymer Reports FY Results, Silicone Rubber Molded Products Sluggish
Shin-Etsu Polymer posted sales of 104.38 billion yen ($668.25 million), down 3.6% year-on-year, operating income of 11.05 billion yen, down 13.3%, ordinary income of 11.53 billion yen, down 11.2%, and net income of 8.67 billion yen, up 1.7% for the fiscal year ended March 2024. In the precision molded products segment, sales declined 4.8% to 47.61 billion yen, and operating...
Tosoh Raises Prices of Chloroprene Rubber
Tosoh said that it will raise the prices of all Skyprene chloroprene rubber products for shipments from May 20. The price increase is 57 yen ($0.36) or more per kilogram for sulfur modified grades and 47 yen or more per kilogram for other grades. Regarding the price increase, the company said, “We have been implementing various measures to reduce costs,...
Valqua Launches AI-Powered Equipment Abnormality Detection System
Valqua and Ridgeye, an AI and deep learning technology consulting and development company, have developed an equipment abnormality detection system that is equipped with a jointly developed AI technology that can handle vibration and ultrasonic sensing of rotating equipment in general. Marketed a Vherme, the system can flexibly respond to on-site needs for equipment abnormality detection by combining Valqua’s abnormality...
Special Report: Signs of Recovery in Demand for Rubber Sheets
Signs of recovery have emerged in demand for fluorine rubber sheets, which had been in a slump. With the elimination of the oversupply of semiconductors, there has been movement in the production of semiconductor manufacturing equipment, which had been undergoing production adjustments, and this has led to an upturn in current demand. Demand for silicone rubber sheets is also increasing...
Seal Launches Sneakers Made from Discarded Tire Tubes
Seal, a brand that upcycles discarded tires, began on April 16 limited-quantity pre-order sales of the Sneaker 501 Vibram Sole, Japan’s only high-performance sneakers made from discarded tire tubes. The product is made from discarded tire tubes from large trucks, which are not crushed or processed in any other special way, but are reused as a part of the upper...