Denka Co. Ltd. (TYO:4061) recently announced that it will stop producing its Denka Styrol line of general-purpose polystyrene resin at consolidated subsidiary Denka Singapore Pvt. Ltd. (DSPL). By then carrying out facility remodeling, the company will use the location to instead bolster its production capacity for MS resin going forward. Approximately 2.7 billion yen ($25.02 million) will be invested to...
Asahi Kasei Corp. (TYO:3407) is planning an increase to production capacity for its solution-polymerized styrene–butadiene rubber (S-SBR) business, which has continued to achieve a high level of sales. The company’s facilities here are currently operating at full capacity. Moving forward, Asahi Kasei projects that sales under the business will continue growing steadily for fiscal 2018. As S-SBR is now used...
Mitsubishi Chemical Corp., a developer and manufacturer of performance products and materials, has announced it will set up a regional management company in Singapore to help expand its performance polymer business in the ASEAN region and India. As of April 1, Advanced Plastics Compounds Singapore Pte. Ltd. (APS) – a Singaporean-based consolidated subsidiary of Mitsubishi Chemical – will assume a...
JFE Engineering Corp. recently announced that it has been awarded a contract for expansion work at Asahi Kasei Corp.’s (TYO:3407) plant in Singapore, which manufactures solution-polymerized styrene butadiene rubber (S-SBR). After receiving an order from Asahi Kasei, JFE Engineering began construction work to expand the facilities in July, and will complete the work by January 2019. With this expansion, production...
Zeon Corp. (TYO:4205) and Sumitomo Chemical Co. Ltd. (TYO:4005) have reached a basic agreement to begin looking into the consolidation of the two companies’ solution styrene butadiene rubber (S-SBR) businesses. Zeon and Sumitomo Chemical will, by the end of September, complete due diligence and studies pertaining to the nature of the business consolidation. Any definitive agreements stemming from this would...
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