Tokai Carbon Moves to Boost Capacity, Open up Global Market With New US Acquisition

Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) announced on June 26 that it has concluded an agreement to acquire all shares in U.S.-based carbon black manufacturer Sid Richardson Carbon Ltd. (SRC) and its affiliates SRCG Ltd. and New SRCG Genpar LLC. Tokai Carbon is set to pay a total of 34.1 billion yen ($308.74 million) for the acquisition, which...

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Asahi Kasei Plans S-SBR Capacity Increase in Response to Steady Demand

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...

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Michelin Japan to Launch New High-End Touring Tires

Nihon Michelin Tire Co. Ltd. is planning a July 2 release of the Michelin Primacy 4, a new line of high-end touring tires. There will be 36 available sizes, ranging from 16 to 19 inches. The Michelin Primacy 4 touring tires have advanced specs that boost performance on wet road surfaces, offering drivers reassurance with durability that makes for excellent...

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Sumitomo Chemical Looks to Expand Booming EPDM Business With High-Performance Grades

Sumitomo Chemical Co. Ltd.’s (TYO:4005) business for ethylene propylene diene monomer (EPDM) performed well in fiscal 2017, operating at full capacity and selling all products that were produced. But with supply and demand remaining at a tight balance, the company has been unable to keep up with increasing demand, and expects this trend in demand to continue for fiscal 2018....

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Mitsubishi Chemical Set to Acquire PVC Compound Business From Welset Plast Extrusions

Mitsubishi Chemical Corp. announced on June 21 that it has reached an agreement with Welset Plast Extrusions Pvt. Ltd. of India to acquire the latter’s polyvinyl chloride (PVC) compound business. The business is to be handed over to Mitsubishi Chemical this autumn. With locations both in India and overseas, Welset conducts masterbatch operations – including those for PVC – in...

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Yokohama Rubber Boosts Energy Efficiency at Japan’s Longest Conveyor Line

Yokohama Rubber Co. Ltd. (TYO:5101) recently delivered its energy-saving Ecotex conveyor belting to Chichibu Taiheiyo Cement Corp.’s KLT line – the longest conveyor line in Japan. The product has been receiving high praise for its durability and energy efficiency. Aside from its excellent durability, Ecotex serves to optimize the viscoelasticity of a conveyor belt’s undersurface cover, which comes in contact...

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