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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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Tokai Carbon to Increase Price for Carbon Black on Rising Oil Prices

on July 15, 2016 in Market Background, Materials

Tokai Carbon Co. Ltd. (TYO:5301) announced on July 13 that it will increase the price at which it sells carbon black by 6.5 yen per kilogram for deliveries beginning Aug. 1. The change will apply to all varieties of carbon black the company sells in Japan. In its announcement, Tokai Carbon explained that the price of crude oil used to...

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Zeon Completes Capacity Expansion for SIS and COP at Mizushima Plant

on July 15, 2016 in Materials

Zeon Corp. (TYO:4205) recently completed its expansion of production capacity at Mizushima Plant, Kurashiki, Okayama Prefecture, for the Quintac series of styrene isoprene (SIS) thermoplastic elastomers and the Zeonex and Zeonor lines of cyclo-olefin polymer (COP), a high-transparency thermoplastic resin. With the enhancements made to the plant, annual SIS production capacity jumps from 42,000 tons to 60,000 tons, while that...

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Lanxess Extends Support for Ozawa International Chamber Music Academy

on July 13, 2016 in Materials

Lanxess’ Japanese subsidiary, Lanxess K.K., recently announced that it has extended its charitable grant to the Ozawa International Chamber Music Academy Okushiga (OICMA) for one year, from January 2016 to December 2016. Established by famed conductor Seiji Ozawa in June 2011, OICMA was set up with the goal of providing talented young musicians from across Asia an opportunity to learn...

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Showa Denko’s CR Sales Boosted by US Business Despite Yen’s Rise

on July 12, 2016 in Materials

Showa Denko K.K. (TYO:4004) enjoyed strong chloroprene rubber (CR) business during the January-June half of 2016 despite a rise in the yen’s value against other currencies. Although the business verged on stagnation in Japan, South Korea and China, performance was solid in the U.S., Europe and Southeast Asia. In the U.S. in particular, products for automotive, construction and adhesive applications sold...

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Sumitomo Rubber CEO Ikeda Joins Tree Trimming Event

on July 8, 2016 in Materials

Sumitomo Rubber Industries Ltd. (TYO:5110) is playing an active role in the movement of forest development and maintenance as part of its corporate social responsibility activities. On July 2, the company carried out tree-pruning activities at Tamba Romance Forest, located within Tamba Namikimichi Central Park, Sasayama City, Hyogo Prefecture. Primarily focusing on a block of trees planted back in 2013,...

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