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...
Denka Co. Ltd. (TYO:4061) recently announced that it has downwardly revised its projected business results for fiscal 2019. Explaining its decision here, Denka noted first that it has seen sluggish sales trends for chloroprene rubber (CR) amid the U.S.–China trade war. The chemical company has also looked to account for the novel coronavirus to some extent, expecting that this will...
Denka Co. Ltd. (TYO:4061) has announced that it recently finished construction of the Omuta Innovation Hub, a new integrated office located at the company’s Omuta Plant in Fukuoka Prefecture. Established in 1916, the Omuta Plant began operations as an inorganic chemicals factory within an Omuta coal complex zone, producing carbide and lime nitrogen fertilizer. The plant later developed high-temperature processing...
Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto has revealed a new medium-term management plan set to run through to fiscal 2025. The plan’s goals for that final year are to achieve 1 trillion yen ($9.1 billion) in sales revenue, 100 billion yen in business profit, a return on equity of at least 10 percent and a debt-to-equity ratio of...
Japan’s total demand for carbon black is expected to drop for a second consecutive year, according to a recent forecast from the country’s Carbon Black Association. Including exports, demand here is estimated at 775,218 tons for 2020, which would mark a year-on-year decline of 0.6 percent. Demand for rubber applications – this being calculated based on forecasts of customer sectors...
