Inoac Corp. recently posted its business results for calendar 2019, revealing a year-on-year increase to sales revenue but decrease to profits for the company as a whole. Sales revenue for the major manufacturer of rubber and polyurethane foam came to 189.47 billion yen ($1.76 billion), up by 3.9 percent year-on-year. Operating profit ended at 3.87 billion yen, down by 8.1...
Tokai Carbon Co. Ltd. (TYO:5301) announced on April 13 that it will be raising the prices of all of its carbon black product categories by 6 yen ($0.06) per kilogram. The price hike is to go into effect on May 1. In explaining the decision, Tokai Carbon said that with the International Maritime Organization (IMO) tightening its regulations on the...
Denka Co. Ltd. (TYO:4061) recently announced that it has decided to supply diethyl malonate, a raw material for anti-flu drug Avigan, in response to a request from the Japanese government. Also known as favipiravir, Avigan is being touted as a potential treatment for COVID-19 patients. This diethyl malonate production is slated to start in May at Denka’s Omi Plant in...
Inoac Corp. President Toyohiko Okina has revealed that his company is looking to both establish a new production base and reorganize some of its existing bases. As a manufacturer in the polyurethane, rubber and plastic sectors, Inoac is aiming to construct a new plant for the creation of new products. The company will also at the same time combine two...
Toyoda Gosei Co. Ltd. (TYO:7282) named Executive Vice President Toru Koyama as its next president at a board meeting held on March 20. The company also appointed current president Naoki Miyazaki as its next chairman at the same meeting. Both of these appointments will be officially made at Toyoda Gosei’s general shareholders’ meeting scheduled to be held in June and...
Lanxess AG recently used its Aktiplast PP series of rubber processing promoters as a framework to develop Aktiplast PP-veg, a new product made using plant-derived raw materials. As a processing promoter, Aktiplast PP gets added into rubber compounds and used for the production of both tires and various technical rubber products. The newly developed Aktiplast PP-veg uses sustainable materials as...
