Materials

Aron Kasei Launches Grinable Biomass Elastomers

Aron Kasei has launched Grinable, a new brand of environmentally friendly elastomers, and will begin selling the T-Bi series of biomass elastomers as a new product. The company plans to start shipping products around mid-July. The product uses renewable plant-derived materials and is expected to prevent global warming and reduce dependence on fossil resources. In addition, although biomass materials have...

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Tokyo Materials Posts Business Results, Synthetic Rubber Sales up 22%

Zeon group company Tokyo Materials reported net sales of 54.09 billion yen ($376 million), up 14.8% year-on-year, ordinary income of 2.57 billion yen, up 4.5%, and net income of 1.89 billion yen, up 11.6% for the fiscal year ended March 31, 2023. In the same period, although there were signs of movement toward normalization of economic activities due to progress...

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Zeon to Raise Prices of HNBR and Other Products From July 1

Zeon said that it will raise the selling price of synthetic rubbers starting from deliveries on July 1. The price increase applies to HNBR (hydrogenated nitrile rubber), ZSC (hydrogenated nitrile rubber alloy), and CM (rubber compound). The price increase for HNBR and ZSC is 40 yen ($0.28) per kilogram, while the price for CM will be revised in accordance with...

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Kuraray to Globally Raise Polyol Prices Starting July 1

Kuraray will raise the prices of Kuraray polyols globally, effective July 1 for shipments. The affected products are certain brands of Kuraray polyols (P-series, F-series, and O-series). The price increase will be 12 yen per kilogram for Japanese domestic shipments and $0.10 per kilogram for overseas shipments. The company states that the price increase was decided in order to maintain...

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Lanxess Doubles Benzyl Alcohol Production Capacity at Kalama

Lanxess doubled the production capacity of benzyl alcohol at its site in Kalama, Washington, USA, to support the growth of its established customer base in the Americas. The Kalama site currently serves as the central hub in a network of four manufacturing sites around the world that produce high-purity benzyl alcohol. The doubling of production capacity there will enable rapid...

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Sumitomo Riko Announces Medium-Term Management Plan

On May 30, President Kazushi Shimizu of Sumitomo Riko announced the Sumitomo Riko Group Vision 2029 (2029V) and the Sumitomo Riko Group Medium-Term Management Plan 2025 (2025P). Under 2025P, which begins in fiscal 2023, the company aims to increase consolidated net sales from 541 billion yen ($3.87 billion) in fiscal 2022 to 620 billion yen and business profit from 17.9...

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