Materials

Ube Industries Plans New Plant to Produce Polyimide Film for LCD TVs and Smartphones

Ube Industries Ltd. (TYO:4208) has decided to build a new plant to manufacture Upilex polyimide film at its Ube Chemical Factory in Yamaguchi Prefecture. This comes as the film faces growing demand for use in the circuit boards of OLED smartphone displays and LCD TVs. Scheduled to begin trial operation in October 2024, the new facility will be equipped with...

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Sumitomo Riko Starts Using Carbon-Neutral City Gas

Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that it has started to introduce carbon-neutral city gas supplied by Toho Gas Co. Ltd. (TYO:9533) to its facilities earlier this month. This comes as Sumitomo Riko’s first such initiative, with the company aiming to help bring about a sustainable society through the adoption of cleaner energy. The city gas introduced here sees...

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Asahi Kasei Records Major YoY Increases in First-Half Performance on Back of Material Segment

Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...

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NOK Seeks Agreement Regarding Price Hike for Seal Products

NOK Corp. (TYO:7240) is advancing negotiations with its customers to seek agreement on a price hike for its seal products. This would include the company’s oil seals, O-rings, gaskets and more. A leading Japanese manufacturer of seal products, NOK announced back on Sept. 6 that it would be increasing prices on its seal products by up to 20 percent starting...

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Mitsui Chemicals to Hike Prices of All Mitsui EPT Products Starting December

Mitsui Chemicals Inc. (TYO:4183) is set to increase its prices for Mitsui EPT, the company’s brand of ethylene propylene diene monomer (EPDM). The change will apply to all Mitsui EPT products supplied from Dec. 1 onward, with prices rising by at least 40 yen ($0.35) per kilogram. Explaining the decision, Mitsui Chemicals started by noting that market conditions for EPDM...

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Tokai Carbon Sees January–September Sales Revenue Rise 28% Year-on-Year

Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) has posted its business results for the first three quarters of fiscal 2021, revealing 185.1 billion yen ($1.63 billion) in sales revenue, up 28 percent year-on-year, and 17.67 billion yen in operating income, up 137.9 percent. Looking at individual segments, the company’s carbon black business generated 72.26 billion yen in sales revenue,...

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