Asahi Kasei’s synthetic rubber business posted higher sales and profits in the first half (April-September) of fiscal 2024, exceeding the company’s plan. In addition to generally firm sales volumes, a favorable turnaround in the external environment, including a weaker yen and high butadiene market prices, also contributed to the increase in sales and profit. Solution-polymerized styrene-butadiene rubber (S-SBR) sales, mainly...
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Special Feature on Current Status of Synthetic Rubber: Osaka Soda
Osaka Soda’s synthetic rubber business posted higher sales and profits in the first half (April-September) of fiscal 2024. Although automobile production, the main source of demand, was sluggish, the company benefited from a generally high export ratio and a tailwind from the weak yen and other factors. The epichlorohydrin rubber (ECO) business was affected by the decline in production volume...
Special Feature on Current Status of Synthetic Rubber: Tosoh
Tosoh’s chloroprene rubber (CR) business in the first half of fiscal 2024 (April-September) posted higher sales and profits on the back of positive overall sales volume. Although Japanese domestic sales increased slightly, exports grew and drove overall sales, while production remained at high capacity. “Dry bulk carriers were worse than expected in 2023, but after bottoming out in July-September and...
Special Feature on Current Status of Synthetic Rubber: Zeon
In the first half (April-September) of fiscal 2024, Zeon’s elastomer materials division posted sales of 120.65 billion yen ($764.68 million), up 15.2% year-on-year, and operating profit of 6.01 billion yen, up 65.0%. Synthetic rubber shipments were up 1%. In general-purpose synthetic rubber, sales of solution-polymerized styrene-butadiene rubber (S-SBR) were strong as demand recovered. Meanwhile, emulsion-polymerized styrene-butadiene rubber (E-SBR) and butadiene...
Japan Belting Industry Association Releases Demand Forecast for 2024 and 2025
The Japan Belting Industry Association has released its demand forecasts for rubber and plastic belts for the years 2024 and 2025. According to the report, rubber belt production in 2024 is expected to be 17,651 tons, down 9% from the previous year, and rubber belt demand in 2025 is forecast to be 17,402 tons, down 1% from the previous year....
Eneos Materials Takes Full Control of Hungarian SSBR JV
Eneos Materials will make Eneos MOL Synthetic Rubber (EMSR), a Hungarian consolidated subsidiary that manufactures and sells solution-polymerized styrene-butadiene rubber (SSBR), into its wholly owned subsidiary by acquiring all shares held by the MOL Group (MOL). MOL, as a shareholder of EMSR, has been primarily responsible for supplying raw materials, utilities and various services to EMSR. The companies have agreed...