Ube Industries Ltd. (TYO:4208) recently announced that it is raising prices by 65 yen ($0.59) per kilogram for its Ube Nylon 6 resin products, and by 50 yen per kilogram for its Ube Nylon 12 resin products. With this price hike coming into effect on April 1, the company has started negotiations with its customers. This marks Ube Industries’ first...
JSR Corp. (TYO:4185) is looking to set a new record high profit in fiscal 2024 as part of its latest medium-term management policy, which lays out plans and targets through to that same year. On the topic of JSR’s future business portfolio, the new management policy looks to position digital solutions – especially for semiconductors – and life sciences as...
Japan’s market for ethylene propylene diene monomer (EPDM) is tightening due to a number of factors, with trends in the COVID-19 pandemic top among this list. While demand for EPDM rubber did decline as a result of the virus, it has more recently been making a resurgence due to the turnaround in automotive production recovery that started last autumn. And...
JSR Corp. (TYO:4185) plans to solicit early retirement among about 100 employees in its elastomers business. Seeking to make the change to a more robust business structure, JSR is optimizing its production capacity and product portfolio, rationalizing prices and working to bring about major improvements in its operating efficiency. The company is also implementing unlimited structural reforms throughout its organization,...
Shin-Etsu Chemical Co. Ltd. (TYO:4063) recently announced that it is planning to increase the price of all of its silicone products. This price hike will come into effect starting with shipments made in April, and will see prices rise by 10–20 percent. Commenting on the price increase, Shin-Etsu Chemical noted how the cost of silicon metal – the main raw...
Dow Chemical Japan Ltd. is set to raise prices by 50 yen ($0.47) per kilogram on its propylene glycol ether products. This will come into effect from March 8 shipments onward. Commenting on the decision, Dow Chemical Japan noted how while raw material costs for propylene glycol ether continue to surge, the global supply–demand balance for the product is tightening,...
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