Materials

Trading Firm Kato Sansho Jointly Develops Biomass Additive Series

Kato Sansho Co. Ltd. has worked with Ichinen Chemicals Co. Ltd. to develop One Bio, a series of biomass additives derived from plants. One Bio B-001 is an 80 percent plant-derived additive that can be simply mixed with polyethylene (PE) and polypropylene (PP) – materials which make up around half of Japan’s plastics market – to raise the biomass content...

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Asahi Kasei Projects Sales and Income Growth for 2021 Following Decline in 2020

Asahi Kasei Corp. (TYO:3407) has reported its business results for fiscal 2020, showing a year-on-year decline to both sales and income metrics. The company posted sales revenue of 2.11 trillion yen ($19.33 billion), down 2.1 percent year-on-year; operating income of 171.81 billion yen, down 3.1 percent; ordinary income of 178.04 billion yen, down 3.2 percent; and net income of 79.77...

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Evonik Develops Highly Dispersible Silica for Wide-Ranging Use

Evonik Industries AG recently announced Ultrasil 4000 GR, a silica with high dispersibility and low specific surface area to allow for an extremely high silica fill ratio in tire treads. Compared to using conventional silica, Ultrasil 4000 GR vastly improves traction for winter tires on snowy and slushy roads. Ultrasil’s grades also have uses beyond tire treads and sidewalls, including...

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Mitsui Chemicals Reports Mixed Bag of Results for 2020; Anticipates Surge in Chinese EPDM Sales

Mitsui Chemicals Inc. (TYO:4183) has posted its results for fiscal 2020. The company recorded 1.21 trillion yen ($11.09 billion) in sales revenue for the year, down 10.2 percent year-on-year; 85.14 billion yen in core operating income, up 17.7 percent; and 57.87 billion yen in net income, up 70.4 percent. This marks a new record high for the company’s core operating...

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Tokai Carbon Looks to Boost Carbon Black Profitability With New Management Plan

Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....

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Toyoda Gosei Posts Revenue Decline, Profit Increase for Fiscal 2020

Toyoda Gosei Co. Ltd. (TYO:7282) posted IFRS-based 721.5 billion yen ($6.61 billion) in sales revenue for the fiscal year ending March 2021, marking an 11.2 percent drop from the previous fiscal year. Operating income was 36.48 billion yen, up 103.9 percent annually, while net profit was 35.21 billion yen, up 213.6 percent. While sales increased as major customers in China...

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