Materials

Dow Chemical Japan Holds Tokyo Event for Innovation, Sustainability

Dow Chemical Japan Ltd. on Sept. 18 hosted a special event targeting innovation and a sustainable society at the Grand Hyatt Tokyo. Named the Dow Japan Innovation Day in Tokyo 2018, the event was held as a means to sound out possibilities for innovation that could help solve societal issues around the world. This was the event’s second iteration following...

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Kuraray Plans Major Investment to Build New TPE Factory in Thailand

Kuraray Co. Ltd. (TYO:3405) is set to build a new factory in Thailand for the production of thermoplastic elastomers (TPEs) and highly functional resins. Located in the Hemaraj Eastern Industrial Estate, part of Thailand’s Map Ta Phut complex, the new factory is slated for completion at the end of 2021. Kuraray will use the location to provide 13,000 tons of...

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Shin-Etsu Chemical Plans 110B Yen of Capital Investment for Silicones Business

Shin-Etsu Chemical Co. Ltd. (TYO:4063), a major player in the market for polyvinyl chloride (PVC) and silicone products, recently announced that it is looking to invest nearly 110 billion yen ($982.1 million) into facilities for its silicones business. These investments will be implemented in stages over approximately the next two and a half years, with the company improving its capacity...

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Tokai Carbon Set to Hugely Outperform Targets From T-2018 Management Plan

Tokai Carbon Co. Ltd. (TYO:5301) appears likely to significantly exceed targets set under T-2018, the company’s medium-term management plan slated to end this fiscal year after a three-year run. Coming as a result of increased product prices and other such factors, the company now expects to post annual figures far above its initial targets of 110 billion yen ($990.23 million)...

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Yokohama Rubber Appears Set to Meet Early 2018 Performance Projections

Yokohama Rubber Co. Ltd.’s (TYO:5101) consolidated results for calendar 2018 appear set to hold to the company’s forecast announced this past February. While this has been helped along by natural rubber prices dropping 7 cents from what had been expected, a surge in crude oil prices has brought increases to synthetic rubber and carbon black prices, with this expected to...

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Zeon’s Elastomer Business Sees Rising Sales, Falling Profits for First Quarter

Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net...

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