In the first quarter of the fiscal year ending March 31, 2024 (April-June 2023), chemical and rubber manufacturer Denka’s sales fell 6.9% year-on-year to 87.82 billion yen ($603.63 million), operating income fell 43.0% to 2.79 billion yen, ordinary income fell 53.7% to 2.38 billion yen, and net income fell 47.1% to 2.29 billion yen. By segment, the Elastomers & Infrastructure...
Denka signed a statement of support for the United Nations Global Compact (UNGC), and was registered as a participating company as of June 8. At the same time, the company joined the Global Compact Network Japan, a local network of the UNGC in Japan. The UNGC is the world’s largest sustainability initiative, which aims to build a healthy global society...
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...
Denka has decided to conduct joint research with Transform Materials (TM), an American venture company, and to introduce facilities developed by TM for the purpose of establishing technology to realize low-carbon production of acetylene. The companies held a signing ceremony on May 23. Under its eight-year management plan Mission 2030, which started in fiscal 2023, Denka aims to achieve 100%...
Denka has announced a price increase of more than 30 yen ($0.22) per kilogram for ABS resin, Denka IP, Denka Transparent Polymers and Clearen, effective from May 1 deliveries. The products affected are Denka AS, Denka ABS, Denka chemical resistance ABS SR series, Denka ABS compounds glass-fibre reinforced, sliding, PC alloy, among others, Denka heat-resistant ABS Malecca, Denka IP, Denka...
Chemical company Denka decided on October 25 at a meeting of its board of directors to transfer its cement sales business to a newly established wholly owned subsidiary, and to transfer all shares of the new company to Taiheiyo Cement. It also resolved to completely withdraw from the limestone mining and cement manufacturing business by the first half of 2025....
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