Zeon Corp. (TYO:4205) has announced that it intends to establish a new subsidiary, tentatively named Zeon Chemicals Asia Co. Ltd., to help in expanding its business for the manufacture and sale of acrylic rubber. The subsidiary will be located in Rayong Province, Thailand, and capitalized at 1.25 billion baht ($38.13 million). Acrylic rubber provides for excellent resistance to heat and...
Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net...
China has issued a preliminary ruling on an anti-dumping duty targeting nitrile rubber (NBR) imports from Japan and South Korea. This follows the country’s Ministry of Commerce having announced this duty on July 16. Under the new anti-dumping duty, Japan’s Zeon Corp. (TYO:4205) is required to pay a deposit of 30 percent on its NBR exports to China, with this...
Zeon Corp. (TYO:4205) has worked with the Institute of Physical and Chemical Research (Riken) and Yokohama Rubber Co. Ltd. (TYO:5101) to co-develop a new technology for producing isoprene – a raw material used in synthetic rubber – from biomass in a stable and efficient manner. By constructing a world-first artificial pathway and creating highly active enzymes, the research project has...
Tokyo Zairyo Co. Ltd., a Zeon Corp. (TYO:4205) subsidiary focused on the trading of raw materials, has shown strong financial results for the fiscal year ending March 2018. Fiscal 2017 saw the company generate 93.28 billion yen ($844.28 million) in sales, up 7 percent year-on-year; 1.99 billion yen in ordinary profit, up 2.6 percent; and 1.54 billion yen in net...
Zeon Corp. (TYO:4205) has received the fiscal 2017 Japan Petroleum Institute Award for Technological Progress. This comes in recognition of the company’s previous development of a process for manufacturing cyclopentyl methyl ether (CPME). CPME is a hydrophobic ether solvent made using Zeon’s unique raw materials and compounding technologies. Easily separated and recovered from water, it also provides for quick vaporization...
