Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) announced on June 26 that it has concluded an agreement to acquire all shares in U.S.-based carbon black manufacturer Sid Richardson Carbon Ltd. (SRC) and its affiliates SRCG Ltd. and New SRCG Genpar LLC. Tokai Carbon is set to pay a total of 34.1 billion yen ($308.74 million) for the acquisition, which...
Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) is enjoying strong business performance, with recently posted business results showing drastic increases to the company’s sales and profits. Sales for the year through December 2017 were up 19.9 percent from the previous year. Meanwhile, operating profit rose by 915.1 percent, ordinary profit by 678.3 percent, and net profit increased by approximately...
Domestic carbon black production increased 0.3 percent year-on-year to 419,983 tons for the first nine months of 2017, according to figures from the Carbon Black Association of Japan. Furnace black for rubber totaled 392,964 tons, up 0.5 percent. Meanwhile, other carbon black for non-rubber applications totaled 27,019 tons, down 2.8 percent. The total shipment volume for the period was 413,336...
The Carbon Black Association of Japan has released a mid-year update to its estimates of 2017 demand for carbon black. Demand including exports is now projected to rise 0.5 percent from last year to a total of 750,785 tons. While demand in tons has been downwardly revised from the previously projected 753,115 tons, the new figures indicate higher expected growth...
Shipment volume of carbon black in June dropped 5.5 percent year-on-year to 46,709 tons, reversing five straight months of gain, according to data compiled by the Japanese Carbon Black Association. Among shipments to be used for rubber, those for tires fell 4.5 percent as well as those for general purpose rubber by 5.2 percent. The total shipments for rubber decreased...
Shipment volume of carbon black for May rose to 43,271 tons, up 0.2 percent from the same period a year prior, according to data compiled by the Carbon Black Association. This marks the fifth consecutive month of year-on-year increases. Looking at carbon black shipments for rubber, the volume for general-purpose rubber rose 1.4 percent. However, shipment volume was sluggish for...
