Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...
Asahi Carbon said that it has raised the price of all carbon black products for rubber by 46.3 yen ($0.34) per kilogram for deliveries from August 1. The company said that oil market conditions continue to be tight and that the price of the carbon black feedstock oil continues to rise due to deteriorating global conditions and the weakening of...
Specialty rubber manufacturer Zeon reported net sales of 97.756 billion yen ($737.444 million) for the first quarter (April-June) of the fiscal year ending March 2023, up 11.9 percent year-on-year. Operating income was 10.726 billion yen, down 22.6 percent, ordinary income was 12.940 billion yen, down 12.7 percent, and net income was 8.706 billion yen, down 13.4 percent. In the elastomer...
Toyoda Gosei will accelerate the development of digital talent to respond to changes in the automotive industry environment and achieve sustainable growth in the future. The company has established a target to increase the number of standard-level digital talent, the core of its operations, to 270 by 2025 and 400 by 2030. In addition to recruiting digital talent from outside...
Yokohama Rubber and subsidiary Yokohama Rubber Singapore held a Suppliers’ Day event this past May, looking here to interact with natural rubber suppliers and reach a unified stance on various issues as Yokohama Rubber pursues the sustainable procurement of natural rubber. This marks the third time the company has held such an event, with previous Suppliers’ Days having been organized...
Tosoh will raise the price of all diphenylmethane diisocyanate (MDI) products, a raw material for polyurethane, by more than 50 yen ($0.36) per kilogram beginning with shipments on August 1. The company said that prices of key raw materials for MDI products continue to rise, as well as utility and logistics costs. Under these circumstances, it has come to the...
