Mitsubishi Chemical Corp. announced on June 21 that it has reached an agreement with Welset Plast Extrusions Pvt. Ltd. of India to acquire the latter’s polyvinyl chloride (PVC) compound business. The business is to be handed over to Mitsubishi Chemical this autumn. With locations both in India and overseas, Welset conducts masterbatch operations – including those for PVC – in...
Daicel-Evonik Ltd.’s Vestakeep Care brand of polyether ether ketone (PEEK) resin has been selected for use in a high-performance plastic syringe needle currently under development by Yamada Seiko Co. Ltd. Made using precision die casting and molding technologies, the needle is extremely thin, featuring an outer diameter of 0.57 millimeters and an inner diameter of 0.31 millimeters. The product is...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it will establish a new company and manufacturing facility in Slovenia. Serving to accelerate the global development of Sumitomo Rubber’s business in precision rubber parts for medical applications, the new company will be established as a subsidiary of Swiss-based Lonstroff AG with a total investment of 34 million euros ($40.03 million). Sumitomo...
Rubber belt production for May totaled 2,003 tons in terms of new-rubber volume, down 3.6 percent from the same month of the previous year, while shipments were valued at 5.6 billion yen ($53.01 million), up 0.6 percent from the previous May. It was the 13th consecutive month of decline in production volume and the first year-on-year increase in shipment value...
