The Japanese subsidiary of German specialty chemicals manufacturer Lanxess recently announced its 2024 business results and outlook for 2025. For fiscal 2024 results, profitability improved significantly due to higher factory utilization rates and cost reduction measures. Global net sales were down 5.0% year-on-year at 6.37 billion euro ($7.26 billion) due to lower selling prices on lower raw material and energy...
Sumitomo Riko held a groundbreaking ceremony for a new office building at its Matsusaka Plant in Matsusaka City, Mie Prefecture. The new office building marks an investment of 1.1 billion yen ($7.64 million), covering an area of 931 square meters with a total floor space of 2,341 square meters. Construction is scheduled to be completed in February 2026, and operations...
Kuraray has obtained ISCC PLUS certification, an international certification system for sustainable products, for six vinyl acetate-related products at four group companies and four production facilities in the U.S. and Europe by October 2024. The company has established a certified supply chain between Europe and the United States, starting with vinyl acetate (VAM) produced at the La Porte Plant in...
Sumitomo Rubber in April began full-scale operation of the Yamanashi Model P2G System, a hydrogen production system derived from renewable energy, at its Shirakawa Plant in Fukushima Prefecture, a major tire manufacturing base. With this, the company has established a two-fold system that enables the production of hydrogen within the plant in addition to the conventional use of hydrogen. This...
Zeon has designated its Kawasaki Factory and Comprehensive Development Center, located in the Kawasaki coastal area of Kanagawa Prefecture, as the Kawasaki Innovation Frontier Port (KIFP) and has begun operations. By integrating the two organizations and gradually unifying management functions for seamless collaboration, KIFP aims to accelerate the creation of new value. The adjacent Kawasaki Factory and Comprehensive Development Center...
Asahi Kasei announced the outline of its new medium-term management plan, “Trailblaze Together,” starting this fiscal year. The plan focuses on three core principles: Profit growth through investment outcomes, capital efficiency improvement via structural transformation and productivity gains, and evolution of “Diversity × Specialty.” Performance targets for the final year, fiscal 2027 ending March, are set at an operating profit...
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