Denka is considering to decide on drastic measures for its chloroprene rubber (CR) business by the end of 2024. President Toshio Imai will “consider all options,” centered on a close examination of optimal production capacity, including capacity reductions. The environment surrounding the CR business is severe. While the supply-demand balance has eased significantly since the latter half of fiscal 2022,...
On June 14, Denka announced that a pipe burst during maintenance work at a manufacturing facility in its Aomi Plant in Itoigawa City, Niigata Prefecture. The cause of the accident is under investigation. The chloroprene rubber (CR) manufacturing facility where the accident occurred has been shut down, and the other lines are partially operating under the safety priority. Customers will...
Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...
Denka’s chloroprene rubber (CR) business saw full production and sales in fiscal 2021. Demand inquiries remained strong, and sales for automotive, industrial, and adhesive applications were all favorable. Although Denka Performance Elastomer, the company’s U.S. base, was forced to suspend production in September and October as a raw material supplier sustained damages by a hurricane, it started up in November...
Showa Denko KK (TYO:4004) announced on Aug. 20 that it intends to increase the selling price of its chloroprene rubber by 42 yen ($0.38) per kilogram, starting with shipments made on Sept. 10. Explaining the price hike, Showa Denko said that the business environment around its chloroprene rubber business has rapidly worsened of late. The company pointed here to tight...
Tosoh Corp. (TYO:4042) is looking to bolster its production capacity for Skyprene, the company’s brand of chloroprene rubber (CR). Targeting a 4,000-ton increase to its annual CR production capacity, Tosoh will remove facility bottlenecks at its Nanyo Complex in Shunan, Yamaguchi Prefecture. These efforts will require an investment of around 5 billion yen ($47.05 million) and bring the company’s total...
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