In the first quarter of the fiscal year ending March 31, 2024 (April-June 2023), chemical and rubber manufacturer Denka’s sales fell 6.9% year-on-year to 87.82 billion yen ($603.63 million), operating income fell 43.0% to 2.79 billion yen, ordinary income fell 53.7% to 2.38 billion yen, and net income fell 47.1% to 2.29 billion yen. By segment, the Elastomers & Infrastructure...
[lwa template="modal" register="0"]Subscribe
Seal manufacturer Valqua’s first quarter (April-June 2023) results showed sales of 15.48 billion yen ($106.95 million), up 8.6% year-on-year; operating income of 2.0 billion yen, down 2.2%; ordinary income of 2.11 billion yen, down 4.1%; and net income of 1.38 billion yen, down 7.2%. By segment, the sealing products business posted sales of 9.81 billion yen, up 2.4%, and operating...
[lwa template="modal" register="0"]Subscribe
Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...
[lwa template="modal" register="0"]Subscribe
Mitsui Chemicals has broken ground for a new Tafmer high-performance elastomer plant at Mitsui Elastomers Singapore, its wholly owned subsidiary in Singapore. The new plant will be located on Jurong Island, Singapore, with an annual production capacity of 120,000 tons (existing facility capacity: 225,000 tons per year), and is scheduled for completion during fiscal 2024. In its long-term management plan...
[lwa template="modal" register="0"]Subscribe
Dow Chemical Japan is raising the prices of solvents and amines effective for deliveries from today. The price increase applies to ethanolamine, ethylene amine, and ethylene glycol ether solvents, and will be 15 yen ($0.11) per kilogram. The company states that the price increase was decided in order to maintain supply to Japanese domestic customers amid a tightening global supply-demand...
[lwa template="modal" register="0"]Subscribe
Shin-Etsu Chemical will invest 100 billion yen ($701.8 million) in its silicone portfolio, one of the mainstays of its Performance Materials segment. In February 2022, the company announced an investment plan worth 80 billion yen to meet strong customer demand for high-performance silicone products. Although the company has completed its investments under this plan, it will continue to invest in...
[lwa template="modal" register="0"]Subscribe
