Materials

Shin-Etsu to Hike Silicone Product Prices From January

Shin-Etsu Chemical Co. Ltd. (TYO:4063) has announced a price change for all of its silicone products. Starting from shipments for January next year, the company will raise prices by 10 to 20 percent. The price of metallic silicon – a main raw material for silicone – has risen, and further increases are expected, a Shin-Etsu representative says. As it has...

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Japan’s Carbon Black Production Rises 0.3% for January–September

Domestic carbon black production increased 0.3 percent year-on-year to 419,983 tons for the first nine months of 2017, according to figures from the Carbon Black Association of Japan. Furnace black for rubber totaled 392,964 tons, up 0.5 percent. Meanwhile, other carbon black for non-rubber applications totaled 27,019 tons, down 2.8 percent. The total shipment volume for the period was 413,336...

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Hayakawa Rubber to Finish Second Molding Plant in December

Hayakawa Rubber Co. Ltd., a manufacturer of rubber products for civil engineering, construction, residential soundproofing and more, will complete the construction of a second molding plant on Dec 1. The new plant will be located on the premises of the company’s Minoshima Factory and headquarters in Fukuyama, Hiroshima Prefecture, and total construction costs will amount to 500 million yen ($4.42...

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Mitsui Chemicals Posts Record-High Profits for First Half

Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...

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Mitsui Chemicals Set to Acquire TPS Business From Asahi Kasei

Mitsui Chemicals Inc. (TYO:4183) has announced that it will acquire the Sunvieo thermoplastic styrene elastomer (TPS) business currently held by Asahi Kasei Corp. (TYO:3407) on Oct. 1. The acquisition price has not been disclosed. With the acquisition, Mitsui Chemicals will be better situated to answer wide-ranging needs in various sectors, such as auto parts and consumer products. Mitsui Chemicals currently...

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JSR Medium-Term Earnings Report: Major Gains in Revenue, Profit, SSBR Sales Volume

JSR Corp. (TYO:4185) posted sales of 203.54 billion yen ($1.78 billion) in sales for the April–September first fiscal half, up 11.7 percent from the year-earlier period, and operating profit of 23.37 billion yen, up 56.3 percent on the year. Net profit was reported up 53.6 percent on the year to 17.97 billion yen. The report, conforming to International Financial Reporting...

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