Denka Co. Ltd. (TYO:4061) announced on June 10 that it has been offered subsidies for an in-house R&D effort focused on infection testing. The company has been working here to develop and test new multiplexed diagnostics technology that targets COVID-19 alongside a range of other infections. The subsidy offer came in on May 28 from the Japan Agency for Medical...
Denka Co. Ltd. (TYO:4061) recently began production of diethyl malonate for use in Avigan, a potential COVID-19 treatment known also by the generic name of favipiravir. This production began on May 16 at the chemical company and chloroprene rubber producer’s Omi Plant in Itoigawa, Niigata Prefecture. Denka sees itself as having a social responsibility to help out with measures against...
Denka Co. Ltd. (TYO:4061) has concluded a technology licensing agreement with Agilyx Corp., a global plastic recycling company based in Portland, Oregon, for a chemical recycling project involving used polystyrene from Toyo Styrene Co. Ltd., an equity-method investee of Denka. Denka has begun serious planning for the construction of demonstration equipment at its plant in Ichihara, Chiba Prefecture, that would...
Denka Co. Ltd. (TYO:4061) recently announced that it has decided to supply diethyl malonate, a raw material for anti-flu drug Avigan, in response to a request from the Japanese government. Also known as favipiravir, Avigan is being touted as a potential treatment for COVID-19 patients. This diethyl malonate production is slated to start in May at Denka’s Omi Plant in...
Denka Co. Ltd. (TYO:4061) recently announced that it has downwardly revised its projected business results for fiscal 2019. Explaining its decision here, Denka noted first that it has seen sluggish sales trends for chloroprene rubber (CR) amid the U.S.–China trade war. The chemical company has also looked to account for the novel coronavirus to some extent, expecting that this will...
Denka Co. Ltd. (TYO:4061) has announced that it recently finished construction of the Omuta Innovation Hub, a new integrated office located at the company’s Omuta Plant in Fukuoka Prefecture. Established in 1916, the Omuta Plant began operations as an inorganic chemicals factory within an Omuta coal complex zone, producing carbide and lime nitrogen fertilizer. The plant later developed high-temperature processing...
