Industry

Zeon Subsidiary Tokyo Zairyo Sees Profit Rise for Ninth Straight Year

Tokyo Zairyo Co. Ltd., a Zeon Corp. (TYO:4205) subsidiary focused on the trading of raw materials, has shown strong financial results for the fiscal year ending March 2018. Fiscal 2017 saw the company generate 93.28 billion yen ($844.28 million) in sales, up 7 percent year-on-year; 1.99 billion yen in ordinary profit, up 2.6 percent; and 1.54 billion yen in net...

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Japan’s Footwear Market Sees Supply Rise for First Time in Four Years

Japan’s market for footwear saw its overall supply rise by 1.7 percent year-on-year for 2017, reaching a total of 704.06 million pairs of shoes for the year. This represents the first increase to the figure in four years, as well as the country’s first time in three years to break through the 700 million mark. Total domestic production – including...

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Sumitomo Riko, Nagoya University Advance Joint Research on Heat Management for Organic Materials

Sumitomo Riko Co. Ltd. (TYO:5191) and Nagoya University recently entered into the second year of a collaborative research agreement under the Ministry of Economy, Trade and Industry (METI). Formed last April, the agreement targets joint research into heat management for organic materials. Looking to accelerate the deployment of heat management measures in materials technology, this comprehensive agreement targets four annual...

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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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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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Japan’s Transmission Belt Production Rises 2% Year-on-Year for 2017

The Japan Belting Manufacturers Association recently released statistics showing Japan’s domestic production of transmission belts to have increased 2 percent year-on-year for 2017, reaching a total of 11,985 tons. While automotive demand stalled, demand for general industrial applications was solid. Increased demand was seen for applications such as semiconductor manufacturing equipment, injection molding machines, machine tools and industrial robots. Looking...

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