Synthetic rubber, carbon black and a range of other raw materials have entered into a major period of price rises. This comes as price spikes for crude oil and naphtha – as well as the rising costs of distribution – place increasing pressure on companies in the industry. In synthetic rubber, industry leader JSR Corp. (TYO:4185) has announced that it...
Toshio Imai, a managing executive officer at chloroprene rubber (CR) market leader Denka Co. Ltd. (TYO:4061), recently revealed plans by the company to deal with globally tight supply for CR. Imai clarified that Denka intends to increase its production of the material by 10,000 tons, and that plans here include resuming operations at a stopped line within its domestic Omi...
Chemical manufacturer Denka Co. Ltd. (TYO:4061) has developed a new elastomer called Evolmer that it plans to release in January 2019. Evolmer will become the third product in Denka’s lineup of functional elastomers, following the company’s currently available chloroprene rubber and special acrylic elastomer products. Denka has developed Evolmer by taking the elastomer technology it has built up over the...
Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...
Denka Co. Ltd. (TYO:4061) and Hokuriku Electric Power Co. will build a new hydroelectric power plant in Itoigawa City, Niigata Prefecture, through their 50:50 joint venture Kurobegawa Denryoku. Construction of the facility has been under consideration since August 2014 and is slated to begin in 2018. Transmission is planned to start in April 2022. Denka will be entitled to a...
Denka Co. Ltd. (TYO:4061) has announced that Manabu Yamamoto (60), director and senior managing executive officer, will become the company’s next president on April 1. Current President and Chief Executive Officer Shinsuke Yoshitaka (66) will be appointed as chairman of the board of directors. Speaking to press, Yoshitaka said that incoming president Yamamoto looks back on a long career in...
