Toyoda Gosei Co. Ltd. (TYO:7282) has reported its business results for fiscal 2020 and announced its projections for fiscal 2021. The company’s results for last fiscal year saw sales revenue fall 11.2 percent year-on-year to 721.5 billion yen ($6.61 billion), while operating profit rose 103.9 percent to 36.48 billion yen and net profit rose 213.6 percent to 35.21 billion yen....
JSR Corp. (TYO:4185) has announced its earnings forecast for fiscal 2021. The synthetic rubber manufacturer projects that it will be able to generate 468 billion yen ($4.28 billion) in sales revenue, up 4.8 percent year-on-year; 53 billion yen in core operating profit, up 104.1 percent; and 32 billion yen in net profit, a major turnaround from the 55.2 billion yen...
Lanxess KK, the Japanese arm of German chemicals manufacturer Lanxess AG, held an online press conference on April 9 in which President Taiga Harigai presented the firm’s activity plans for fiscal 2021. Based on these plans, Lanxess aims to focus its efforts on three fields in particular: consumer protection, new mobility and additives. More broadly, Harigai noted that the company...
Tokai Carbon Co. Ltd. (TYO:5301) announced on April 12 that it will be implementing a price hike on shipments of all carbon black grades from its domestic Japanese plants, including export shipments. The price increase is set to come to 26.8 yen ($0.25) per kilogram, which will be put into effect starting with shipments made on May 1. Explaining its...
Dow Chemical Japan Ltd. has announced that it will be raising the prices of its propylene glycol ether solution products by at least 40 yen ($0.37) per kilogram starting May 1. Explaining its reasoning here, Dow Chemical Japan noted that costs are continuing to rise for propylene glycol raw materials, including not only propylene oxide but also acetic acid and...
Global latex adhesive and synthetic rubber manufacturer Trinseo SA has acquired mass balance certification from the body of International Sustainability & Carbon Certification (ISCC), a system for certifying sustainability. Trinseo has received certification for three materials: styrene–butadiene rubber (SBR) manufactured in Schkopau, Germany; polyethylene manufactured in Tessenderlo, Belgium; and polycarbonate manufactured in Stade, Germany. This is the world’s first instance...
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