Zeon Trading (Shanghai), a wholly owned subsidiary of Zeon Corporation, has agreed with Zhuhai Chenyu New Materials Technology (Chenyu), an affiliate of Shanghai Energy New Materials Technology (Semcorp), to establish Shanghai Chenon New Materials Technology, a joint venture to sell binders for negative electrodes used in lithium ion batteries. The investment ratio is 51% by Chenyu and 49% by Zeon...
Lanxess has announced the launch of a new anti-aging agent, Vulcanox HS Scope Blue, which contributes to improved tire durability. The product is a highly sustainable addition to the proven Vulcanox HS (TMQ) line of anti-aging agents, which effectively protects tires against oxidative and thermal degradation, and is characterized by low volatility and elution resistance. The use of renewable energy...
Tsurumi Chemical will raise the prices of all sulfur products for shipments on April 1. The price increase is 8 yen ($0.05) per kilogram for soluble sulfur and 3 yen per kilogram for insoluble sulfur. “In addition to an increase in procurement costs due to a change in suppliers following the withdrawal of our main raw material supplier from business,...
Mitsuboshi Belting announced that it will raise the prices of its belt products beginning with orders received on May 1. The price increase applies to transmission belts (friction transmission belts and timing belts), other transmission-related products, conveyor belts (plastic and rubber), and other conveyor-related products, all of which will increase by 10% or more. “In recent years, prices of raw...
The Japan Construction Equipment Manufacturers Association (CEMA) recently released its construction machinery demand forecasts for fiscal 2024 (April 2024-March 2025) and fiscal 2025 (April 2025-March 2026). The forecasts were compiled based on a questionnaire survey conducted in January among 61 construction equipment manufacturers that are regular members of the association. According to the survey, in fiscal 2024, Japanese domestic shipments...
Toyo Tires reported a 2.3% year-on-year increase in net sales to 565.36 billion yen ($3.78 billion), a 22.2% increase in operating income to 93.98 billion yen, an 18.7% increase in ordinary income to 102.12 billion yen, and a 3.5% increase in net income to 74.81 billion yen for the fiscal year ended December 31, 2024. Sales and profits reached record...
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