Mitsui Chemicals announced on May 19 that it will raise the price of Admer by 25 yen ($0.17) per kilogram for deliveries starting July 1. The company stated that the price hike is due to significant increases in costs for certain raw materials, labor, logistics, and equipment maintenance. “Despite efforts to reduce costs, the situation has exceeded our ability to...
Yokohama Rubber has acquired fixed assets, including land, buildings, and production facilities, in Romania through its subsidiary Yokohama TWS Romania. The move aims to enhance the company’s production capacity for off-highway tires (OHT), including tires for agricultural machinery, in Europe. The acquired land spans approximately 200,000 square meters, with the acquisition cost amounting to $35 million. This acquisition follows Yokohama...
Bando Chemical reported sales revenue of 115.59 billion yen ($797.70 million), up 6.8% year-on-year, core operating profit of 7.74 billion yen, up 2.1%, and net profit of 1.50 billion yen, down 75.8%, for the fiscal year ended March 31, 2025. Factors affecting core operating profit included profit increases from higher gross profit due to sales growth of 1.36 billion yen...
Nitta performance for the fiscal year ended March 31, 2025, recorded sales of 90.28 billion yen ($622.29 million), up 1.9% year-on-year, operating profit of 5.16 billion yen, up 16.6%, ordinary profit of 14.60 billion yen, up 21.6%, and net profit of 12.13 billion yen, up 23.1%. Sales grew despite continued weakness in automotive and construction machinery sectors, driven by a...
Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making...
On May 15, Dow Chemical Japan outlined its sustainable business strategy, focusing on initiatives in the mobility sector. The company aims to reduce CO2 emissions by 30% by 2030 compared to 2005 levels and achieve annual production of 3 million tons of “circular and renewable products” by converting potential waste materials into renewable raw materials. Since 2005, Dow has reduced...
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