Materials

Zeon to Revise Prices of Domestically Produced Synthetic Rubber

Zeon Corp. (TYO:4205) recently announced that it will be increasing its synthetic rubber prices starting with shipments made on Aug. 17. This will see prices here rise by 11–22 yen per kilogram ($0.10–$0.21). The price hike will apply to products manufactured at Zeon’s domestic Japanese facilities, and will differ between general rubber and specialist rubber products. This will be Zeon’s...

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JSR’s Elastomers Business Posts 5.57B Yen Operating Loss for First Quarter

JSR Corp. (TYO:4185) recently revealed that its Elastomers business has taken a significant hit from the novel coronavirus, with this news coming as part of the company’s financial results for the first quarter of fiscal 2020. The quarterly results revealed a company-wide sales revenue of 93.09 billion yen ($877.9 million), down 22 percent year-on-year; an operating profit of 2.36 billion...

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New Sumitomo Riko President Kakushi Shimizu Highlights Importance of Organizational Reform Amid Tough Times

Sumitomo Riko Co. Ltd. (TYO:5191) President & CEO Kakushi Shimizu held a press conference on July 9 to discuss company strategy after taking over the reins on June 18. Speaking at the press conference, Shimizu said that while COVID-19 caused automotive production to drop significantly over April–May, he hopes if anything to treat this as an opportunity for improvement. The...

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Heavy Rainfall in Kyushu Leads to Flooding and Fire at Tokai Carbon’s Tanoura Plant

Tokai Carbon Co. Ltd. (TYO:5301) announced on July 5 that heavy rainfall near its Tanoura Plant in Ashikita, Kumamoto Prefecture, led to a fire on July 4. The company also provided further details of the incident. The Tanoura Plant produces isotropic graphite materials used in semiconductors, solar cells and various industrial applications. On July 4, heavy rainfall in the Ashikita...

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JSR to Raise Prices of Synthetic Rubber and Emulsion Products by at Least 20 Yen per Kilogram

JSR Corp. (TYO:4185) has announced that it will be raising prices on synthetic rubber and emulsion products set to be delivered from July 1 onward. This is being applied to products manufactured at the company’s domestic Japanese plants, with prices raised by at least 20 yen ($0.19) per kilogram for both synthetic rubber and emulsion products. The extra revenue obtained...

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Showa Denko Sees Decline in Chloroprene Rubber Sales for First Quarter

Showa Denko KK (TYO:4004) recently released its business results for the first quarter of calendar 2020, revealing a decline in both sales and profit metrics. The company posted sales of 171.73 billion yen ($1.6 billion), down 26.8 percent from the same period last year; operating income of just under 2.47 billion yen, down by 94.6 percent; and ordinary income of...

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