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....
Denka on October 18 signed a contract with SCG Chemicals (SCGC: headquartered in Bangkok, Thailand) to establish a joint venture company to manufacture and sell acetylene black. The investment ratio is 60 percent for Denka and 40 percent for SCGC. The production facility to be jointly launched by the two companies after the establishment of the joint venture is expected...
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...
Denka Co. Ltd. (TYO:4061) has posted sales revenue of 384.85 billion yen ($3.02 billion) for fiscal 2021, up 8.6 percent year-on-year; an operating income of 40.12 billion yen, up 15.5 percent; ordinary income of 36.47 billion yen, up 13.5 percent; and net income of 2.01 billion yen, up 14.2 percent. Each of these figures mark new record highs for the...
Denka Co. Ltd. (TYO:4061) has announced that it is revising prices for its Denka Fused Silica Filler. Products set to be affected by this are the FB and FBX lines, with a price increase of 10–15 percent slated for products supplied from Nov. 1 onward. Giving its reasoning for the price increase, Denka noted that the cost of producing fused...
Denka Co. Ltd. (TYO:4061) has revealed its business results for the first quarter of fiscal 2021, marking a recovery from the same period last year. The company ended the quarter with a sales revenue of 86.73 billion yen ($789.69 million), up 13.8 percent year-on-year; operating profit of 7.75 billion yen, up 76 percent; ordinary profit of 7.52 billion yen, up...
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