Tokai Carbon Co. Ltd. (TYO:5301) announced on April 12 that it will be implementing a price hike on shipments of all carbon black grades from its domestic Japanese plants, including export shipments. The price increase is set to come to 26.8 yen ($0.25) per kilogram, which will be put into effect starting with shipments made on May 1. Explaining its...
Tokai Carbon Co. Ltd.’s (TYO:5301) carbon black business is on the rebound after bottoming out during the April–June quarter, says President Hajime Nagasaka. Speaking at a financial results briefing on Nov. 5, Nagasaka said that demand is recovering particularly in the U.S. and Thai markets, adding that the company’s U.S. production bases have utilization rates up in the 90–95 percent...
Tokai Carbon Co. Ltd. (TYO:5301) announced on July 5 that heavy rainfall near its Tanoura Plant in Ashikita, Kumamoto Prefecture, led to a fire on July 4. The company also provided further details of the incident. The Tanoura Plant produces isotropic graphite materials used in semiconductors, solar cells and various industrial applications. On July 4, heavy rainfall in the Ashikita...
Tokai Carbon Co. Ltd. (TYO:5301) has raised prices by 6 yen per kilogram for all carbon black products, implementing this for all shipments to be delivered from May 1 onward. In explaining the price increase, the major carbon black manufacturer says that, due to the International Maritime Organization (IMO) tightening its restrictions on the permitted sulfur content of bunker fuel,...
Tokai Carbon Co. Ltd. (TYO:5301) announced on April 13 that it will be raising the prices of all of its carbon black product categories by 6 yen ($0.06) per kilogram. The price hike is to go into effect on May 1. In explaining the decision, Tokai Carbon said that with the International Maritime Organization (IMO) tightening its regulations on the...
Tokai Carbon Co. Ltd. (TYO:5301) recently posted its business results for the first three quarters of calendar 2019, showing sales growth of 27.8 percent year-on-year to reach 198.62 billion yen ($1.76 billion). Operating profit fell 1.5 percent to 49.42 billion yen, while ordinary profit fell 3.9 percent to 48.99 billion yen and net profit fell 47.2 percent to 31.05 billion...
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