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...
Denka’s chloroprene rubber (CR) business experienced weak sales in the previous fiscal year (April 2023-March 2024). “The poor sales trend of the first half continued into the second half of the fiscal year,” the company said. Initially, it had expected a recovery in the second half of the year, but there was no boost in terms of volume, and both...
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,...
Chloroprene rubber (CR) sales volume and prices are likely to bottom out in the second half of fiscal 2023 (October-March 2024). This comes with demand for CR currently being sluggish due to weak demand for industrial goods and adhesive applications, as well as inventory adjustment in automotive applications, where demand has been recovering. Supply chain inventories have built up significantly...
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...
Tosoh will make a decision on the expansion of its chloroprene rubber (CR) plant, which the company is currently considering, within the current fiscal year, company president Mamoru Kuwada said at a management briefing meeting held on May 24. The company is considering increasing the capacity of its Nanyo Complex (Shunan City, Yamaguchi Prefecture), which currently produces 37,000 tons per...
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