DowDuPont Inc. has announced that the merger of equals between The Dow Chemical Co. and E.I. du Pont de Nemours & Co. completed on August 31. The combined entity is named DowDuPont, and operates as a holding company with three divisions – agriculture, materials science and specialty chemical products. DowDuPont intends to separate the three divisions and launch them as...
Du Pont-Toray Co. Ltd. has established the Kevlar Technical Center, a technical facility for Kevlar aramid fiber used in tires and rubber. The center is located within Toray Industries Inc.’s (TYO:3402) Tokai Plant. For the first year of operation, the center has been outfitted with such equipment as state-of-the-art dipping machines to deal with consecutive double dipping and heat treatment...
Showa Denko K.K. (TYO:4004) enjoyed strong chloroprene rubber (CR) business during the January-June half of 2016 despite a rise in the yen’s value against other currencies. Although the business verged on stagnation in Japan, South Korea and China, performance was solid in the U.S., Europe and Southeast Asia. In the U.S. in particular, products for automotive, construction and adhesive applications sold...
Denka Co. Ltd. (TYO:4061) aims to quickly achieve sales of 50 billion yen ($459 million) in the chloroprene rubber (CR) business. This follows the acquisition last year by the Japanese chemical manufacturer of DuPont’s CR business in the U.S. The president of Denka, Shinsuke Yoshitaka, wants to achieve this sales goal in the next 1–2 years. According to Denka, the...
(Continued from part 1 published Dec. 23, 2015) Showa Denko K.K (TYO:4004) will continue strengthening its sales strategy for chloroprene rubber (CR) in the U.S. The company has had a joint CR production venture in the U.S. with E.I. du Pont de Nemours and Company (DuPont) and has led the industry in meeting user needs for discontinued DuPont grades and...
Total chloroprene rubber (CR) production remained firm through early autumn. According to Denka Co. Ltd. (TYO:4061), production was somewhat sluggish in part because of a slump in domestic automobile manufacturing volume, although business performance was robust in China. Factors elsewhere in Asia, meanwhile, included weak domestic demand in Thailand, and stabilization at low levels in Europe. Domestic CR operations at...
