Zeon Corporation will build a new plant for cyclo-olefin polymer (COP), a high-performance resin that is one of its main products. The investment, including land and utilities, will be approximately 70 billion yen ($443 million). The company has long been considering measures to strengthen its resilience by decentralizing its COP production bases. The new plant will be constructed in Shunan...
Zeon Corporation will cease 60% of its synthetic rubber manufacturing capacity at its Tokuyama Plant in Shunan City, Yamaguchi Prefecture, the company said at a meeting held on June 11 to explain the progress of the second phase of its medium-term management plan. It plans to stop production of E-SBR (emulsion polymerization styrene butadiene rubber) Series 1 and NBR (acrylonitrile...
Zeon Corporation announced on June 10 that it will raise the selling prices of petroleum resins and thermoplastic elastomers, starting with deliveries on July 1. The price increase is 50 yen ($0.32) per kilogram for both Quintone petroleum resin and Quintac thermoplastic elastomer SIS. The company said, “The costs of manufacturing and supplying our products, including main raw material prices,...
Zeon reported net sales of 382.28 billion yen ($2.42 billion), down 1.6% year-on-year, operating income of 20.50 billion yen, down 24.6%, ordinary income of 26.91 billion yen, down 14.3%, and net income of 31.10 billion yen, up 194.3% for the year ended March 2024. In the elastomer materials business segment, sales declined 3.1% to 215.29 billion yen, and operating profit...
Zeon has formed a strategic alliance with Sino Applied Technology (SiAT), a Taiwanese manufacturer of advanced nanomaterials for batteries. The partnership relates to single-wall carbon nanotube (SWCNT) conductive paste. The product can replace or combine with carbon black as a conductive aid in the cathode/anode formulation of lithium-ion batteries, and can be widely applied to transparent films and EMI shielding....
Zeon has signed a Memorandum of Understanding (MOU) with U.S. company Visolis to promote the commercialization of bioisoprene monomer, sustainable aviation fuel (SAF), and other products. The company announced in February that it invested in Visolis through its CVC-operated subsidiary, Zeon Ventures, and this agreement will accelerate its efforts to realize a sustainable society. Bioisoprene monomer is a raw material...
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