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Elastomer Industry Profits Grow Due to Falling Raw Material Costs

on August 18, 2017 in Industry

Two large synthetic rubber manufacturers, JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205), recently released their business results for the first quarter of fiscal 2017. Both companies saw a significant increase to their elastomer division profits for the quarter, including profits for synthetic rubber. This profit growth is caused by an increase in the spread between elastomer material costs and selling...

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Fujikura Rubber to Acquire Land for New Plant in China

on August 17, 2017 in Products

Fujikura Rubber Ltd. (TYO:5121) reached the decision on Aug. 10 to acquire land for constructing a new factory in Zhejiang Province, China. To be used for consolidated subsidiary Anji Fujikura Rubber Ltd. The project will cost an estimated 132 million yen ($1.2 million). Anji Fujikura Rubber constructed and began operating its second plant in December 2016. Since the Chinese market’s...

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Bando Chemical Strengthens Existing Initiatives as First Part of Business Plan Draws to a Close

on August 16, 2017 in Products

Bando Chemical Industries Ltd. (TYO:5195) has been working to bolster existing businesses while creating new ones as part of Breakthroughs for the Future, the company’s medium- to long-term business plan. The plan was embarked upon in fiscal 2013, and its first stage – or “BF-1” – concludes this year. According to Bando Chemical’s president, Mitsutaka Yoshii, the company has made...

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Company Spotlight: Molten Polymix and Its Rubber Refining Operations

on August 15, 2017 in Products

Molten Corp. is involved in a wide array of businesses. They include sports equipment, such as competition grade balls for basketball, volleyball and soccer, as well as auto parts, medical equipment, assistive technology, hydrophilic supplies and industrial-grade materials. One entity within the company group is Molten Polymix KK. This firm handles all of Molten’s domestic refining operations for rubber products....

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Kyowa’s Transparent Rubber Bands Reach 100-Year Milestone

on August 14, 2017 in Products

Osaka-based manufacturer Kyowa Ltd. is this year celebrating the 100-year anniversary of its transparent rubber band, developed by company founder Hirozo Nishijima. After formulating the bands in 1917, Nishijima went on to start Kyowa in 1923, aiming to manufacture and sell bicycle tire tubes and rubber bands. In early 20th-century Japan, banknotes were often held together using pieces of bicycle...

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Sakura Rubber Sees Double-Digit Sales Increase for First Quarter

on August 10, 2017 in Products

Sakura Rubber Co. Ltd. (TYO:5189) recently released its financial results for the first quarter of the fiscal year ending March 2018. Company sales rose 11.5 percent year-on-year to 1.95 billion yen ($17.69 million), while operating profit decreased 62.1 percent to 20 million yen. Ordinary profit dipped 1.1 percent to 49 million yen, and quarterly net profit jumped 70.2 percent to...

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