Materials

Kuraray to Raise Prices of Genestar Heat-Resistant Polyamide Resin

Kuraray said on Jan. 16 that it will on Feb. 1 raise the price of its Genestar heat-resistant polyamide resin for shipments in Japan and overseas. The range of the price increase is as follows: Filler-reinforced grades: 60 yen per kilogram for Japanese domestic shipments, $0.50 per kilogram for overseas shipments Glass fiber-reinforced halogen flame-resistant grades: 150 yen per kilogram...

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Ube Restructures Affiliated Companies in Europe, Asia, and the United States

With a view to further expanding its chemical business in the U.S., chemical manufacturer Ube has reorganized its chemical business affiliates there and established a new subsidiary to serve as a control company, Ube Corporation America. Under its medium-term management plan, “Ube Vision 2030 Transformation – 1st Stage,” the company has set “pursuit of global profit growth centered on specialty...

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Interview: Zeon President Kimiaki Tanaka Discusses Expectations for 2023

Zeon, a producer of synthetic rubber and other chemical products, posted record-high sales revenue for the first half of last year. But with the global economy posing rough conditions, company president Kimiaki Tanaka has told his employees to expect a recession going forward. Despite this, Tanaka remains positive about the future more broadly, saying that moves toward the likes of...

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Resonac Confirms CO2 Emissions Reduction in Low-Carbon Ammonia Production

Chemical company Resonac (formerly Showa Denko K.K.) has confirmed that the “low-carbon ammonia” manufactured by its Kawasaki Plant (Kawasaki City, Kanagawa Prefecture) from used plastics emits over 80 percent less CO2 and other greenhouse gases (GHG) during the manufacturing process compared to ammonia made from fossil fuels. The CO2 emissions calculation process conducted by the company was recognized by a...

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Demand for Zeon’s Specialty Synthetic Rubbers Strong in First Half

Synthetic rubber manufacturer Zeon in the elastomer materials business reported sales of 111.41 billion yen ($839.56 million), up 12.7 percent year-on-year, and operating profit of 9.33 billion yen, down 13.9 percent in the first half (April-September) of the fiscal year ending March 2023. Sales volume of synthetic rubber remained steady. Commodity synthetic rubber volumes were firm due to high tire...

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Lanxess Japan Sales up 30% in January-September Compared to the Same Period Last Year

On Nov. 29, Lanxess Japan President and Representative Director Jacques Perez gave a business update at the Shin-Marunouchi Building Conference Square. For the first nine months of 2022, Lanxess reported net sales of 6.12 billion euros ($6.45 billion), up 38 percent year-on-year, and EBITDA of €755 million, up 17 percent. With regard to the forecast for 2022, the company says...

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