Toyoda Gosei has revealed its cumulative business results for the first three quarters of fiscal 2022, showing a year-in-year drop in Japanese performance but an improvement in multiple overseas markets. The company’s revenue for the period came to 701.81 billion yen ($5.25 billion), up 16.9 percent year-on-year; meanwhile, its operating profit was up 24.7 percent to 23.69 billion yen, and...
Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
Kuraray said on Jan. 16 that it will on Feb. 1 raise the price of its Genestar heat-resistant polyamide resin for shipments in Japan and overseas. The range of the price increase is as follows: Filler-reinforced grades: 60 yen per kilogram for Japanese domestic shipments, $0.50 per kilogram for overseas shipments Glass fiber-reinforced halogen flame-resistant grades: 150 yen per kilogram...
With a view to further expanding its chemical business in the U.S., chemical manufacturer Ube has reorganized its chemical business affiliates there and established a new subsidiary to serve as a control company, Ube Corporation America. Under its medium-term management plan, “Ube Vision 2030 Transformation – 1st Stage,” the company has set “pursuit of global profit growth centered on specialty...
Zeon, a producer of synthetic rubber and other chemical products, posted record-high sales revenue for the first half of last year. But with the global economy posing rough conditions, company president Kimiaki Tanaka has told his employees to expect a recession going forward. Despite this, Tanaka remains positive about the future more broadly, saying that moves toward the likes of...
Chemical company Resonac (formerly Showa Denko K.K.) has confirmed that the “low-carbon ammonia” manufactured by its Kawasaki Plant (Kawasaki City, Kanagawa Prefecture) from used plastics emits over 80 percent less CO2 and other greenhouse gases (GHG) during the manufacturing process compared to ammonia made from fossil fuels. The CO2 emissions calculation process conducted by the company was recognized by a...
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