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...
Zeon Corp. (TYO:4205) recently completed its expansion of production capacity at Mizushima Plant, Kurashiki, Okayama Prefecture, for the Quintac series of styrene isoprene (SIS) thermoplastic elastomers and the Zeonex and Zeonor lines of cyclo-olefin polymer (COP), a high-transparency thermoplastic resin. With the enhancements made to the plant, annual SIS production capacity jumps from 42,000 tons to 60,000 tons, while that...
Tokyo Zairyo Corp., a raw material trading company and a subsidiary of Zeon Corp. (TYO:4205), has announced its annual net revenue for the fiscal year ending March 2016 was 87.924 billion yen ($865 million), down 2 percent year-on-year. Ordinary income was 1.854 billion yen, up 2 percent and net profit was 1.357 billion yen, down 13 percent. Ordinary income rose...
Zeon Corp. (TYO:4205), a major manufacturer of specialty synthetic rubber, has reported that net sales for the company’s elastomer materials business declined by 5 percent year on year to 178.9 billion yen ($1.61 billion) for the fiscal year ending March 2016. Meanwhile, operating profit for the segment climbed 23 percent to 20.7 billion yen. Sales volume for synthetic rubber rose...
Zeon Corp. (TYO:4205) has announced that its subsidiary, Zeon Kasei Co. Ltd., will build a new factory in Mexico for the production of PVC/PSC resin compound for powder slush molding. The factory will use vinyl chloride resins as the raw material. The investment amount will be 1.5 billion yen ($13.5 million) and Zeon Kasei aims to begin production of 1,200...
Hiroyuki Hirakawa, director and senior corporate officer, head of Elastomers and Chemicals Business Headquarters, and division manager–Synthetic Rubber of Zeon Corp. (TYO:4205), commented on the recent state of Zeon Chemicals Singapore Pte. Ltd. He said that the company’s production facilities will be in full operation while addressing the necessary mechanical and equipment issues until the plant is fully ramped up. Hirakawa...
