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...
President of chemical manufacturer Tosoh Corp. (TYO:4042), Toshinori Yamamoto, has announced the company’s mid-term business plans through to the end of the 2017 fiscal year. It is the first time in 30 years that the company has made such a public announcement concerning its mid-term business plans. With the mid-term plan, Tosoh has a business policy of promoting safety reforms;...
JSR Corp. (TYO:4185) affiliate Elastomix (Thailand) Co. Ltd., Thailand’s largest domestic rubber manufacturer and refiner, is increasing capacity at its Thai production facilities. Although domestic demand in Thailand is in an overall downtrend similar to that of China, the firm is managing to consistently attract new orders and other business. In addition, PT. Elastomix Indonesia has been running its domestic...
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...
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...
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....
