Elastomix Co. Ltd., the largest manufacturer and refiner of rubber in Japan and majority-owned by JSR Corp. (TYO:4185), predicts there will be few reasons for demand in Japan to increase in the future. As such, the company plans to aggressively cater to demand overseas through its subsidiaries in China, Thailand and Indonesia. Elastomix’s subsidiary in Foshan, China, added a Banbury...
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Shin-Etsu Polymer Co. Ltd. (TYO:7970) has posted 75 billion yen (US $6.87 billion) of sales for the year through the end of March 2016, which represented modest year-on-year growth of 5 percent. However, operating income was 4.1 billion yen – an 84 percent increase over the prior fiscal year. This represents three consecutive years of sales and profit growth in...
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Ube Industries Ltd. (TYO:4208) has announced that the fiscal year commencing April 2016 is the first of three years for the company’s new mid-term business plan, “Change & Challenge 2018.” With this, Ube Industries is positioning butadiene rubber (BR) as a rapidly expanding field within the company’s chemicals segment; the company is actively undertaking joint developments with major tire manufacturers....
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Denka Co. Ltd. (TYO:4061) aims to quickly achieve sales of 50 billion yen ($459 million) in the chloroprene rubber (CR) business. This follows the acquisition last year by the Japanese chemical manufacturer of DuPont’s CR business in the U.S. The president of Denka, Shinsuke Yoshitaka, wants to achieve this sales goal in the next 1–2 years. According to Denka, the...
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VRG Japan Rubber Export JSC is progressing in preparations to sell natural rubber that is manufactured by the Vietnamese military to Japanese tire manufacturers. The rubber to be sold is SVR10, which is used in tires, and SVR5S, which has half the odor that is characteristic of rubber. Tire manufacturers are currently running performance evaluation tests and are interested in...
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Sumitomo Chemical Co. Ltd. (TYO:4005) is continuing to make inroads on the solution styrene butadiene rubber (S–SBR) market in Europe. For European winter tires, the company has developed a new grade of S–SBR that improves cold resistance while also providing grip performance and fuel efficiency. Capable of maintaining its pliability in cold-weather regions, the new grade of S–SBR is currently...
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