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Shin-Etsu Polymer Increases Q1 Profits Despite Slight Drop in Sales

on August 17, 2016 in Materials

A major manufacturer of silicone products for the electronics and information industries, Shin-Etsu Polymer Co. Ltd. (TYO:7970), posted first quarter sales of 17.937 billion yen ($1.79 billion), representing a year-on-year decline of 1.1 percent. Meanwhile, operating profit for the same April–June period increased 118.5 percent, rising to 1.645 billion yen; pretax profit rose 3.9 percent, hitting 1.196 billion yen; and...

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Carbon Black Shipments Down 3.3% for June, 4.6% for First Half

on August 12, 2016 in Market Background, Materials

The shipment volume of carbon black for June fell 3.3 percent year on year, down at 49,414 tons, according to records compiled by the Japanese Carbon Black Association. This marked the seventh consecutive month of decline from the previous year’s results. Shipments of carbon black for rubber products were down 5.7 percent for tires, while that for general rubber products...

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Carbon Black Shipping Volume Down 3% for June

on August 8, 2016 in Industry, Materials

Shipping volume for carbon black in June was 49,414 tons in June according to the Japanese Carbon Black Association. That was down 3 percent over the previous year and marked the seventh straight month of year-on-year declines. Carbon black for rubber products saw shipments down by 6 percent year on year for tires, while that for other general rubber products...

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Zeon and Sumitomo Chemical Look at Consolidating S-SBR Businesses

on August 8, 2016 in Industry, Materials

Zeon Corp. (TYO:4205) and Sumitomo Chemical Co. Ltd. (TYO:4005) have reached a basic agreement to begin looking into the consolidation of the two companies’ solution styrene butadiene rubber (S-SBR) businesses. Zeon and Sumitomo Chemical will, by the end of September, complete due diligence and studies pertaining to the nature of the business consolidation. Any definitive agreements stemming from this would...

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JSR Elastomer Business Shows Slight Profit in Q1 Amid Decrease in Sales

on August 5, 2016 in Materials

Business performance for JSR Corp. (TYO:4185) suffered somewhat over the first quarter of the 2016 fiscal year. The large synthetic-rubber manufacturer announced on July 25 that sales for April–June saw a year-on-year drop of 7 percent, falling to 88.786 billion yen ($878.535 million); operating profit fell 24 percent, down to 5.637 billion yen; pretax profit dropped by 20 percent, at...

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Mitsui Chemicals to Expand TPE Production Capacity, Investing 1 Billion Yen

on August 3, 2016 in Materials

Responding to increased global demand, Mitsui Chemicals Inc. (TYO:4183) will increase annual production capacity of its Milastomer thermoplastic elastomer by 5,000 tons. The company will invest almost 1 billion yen ($10 million) in expanding production facilities of its wholly-owned subsidiary Sun Alloys Co. Ltd., adding one production line of 5,000 annual tons. Construction will start in February 2017 and is planned...

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