Sumitomo Chemical will withdraw from the production of solution-polymerized styrene-butadiene rubber (S-SBR) in Singapore by the middle of 2024 as part of the company’s restructuring process. The S-SBR plant in Singapore started commercial production in 2014. Its production capacity is 40,000 tons per year. Although the company will withdraw from S-SBR production in Singapore, it will continue production at its...
Asahi Kasei reported net sales of 2.72 trillion yen ($19.69 billion), up 10.8% from the previous fiscal year, operating income of 128.352 billion yen, down 36.7%, ordinary income of 121.53 billion yen, down 42.7%, and a net loss of 91.31 billion yen (compared to 161.88 billion yen profit). Sales reached a record high. The environmental solutions business, which includes synthetic...
Shin-Etsu Polymer reported a 16.9% year-on-year increase in net sales to 108.28 billion yen ($781.54 million), 31.0% increase in operating income to 12.74 billion yen, 28.2% increase in ordinary income to 12.98 billion yen, and a 35.2% increase in net income to 8.52 billion yen for the year ended March 31, 2023. “In the previous fiscal year, silicone wafer production...
Last year, the production of rubber chemicals and materials was sluggish due to the automobile production cutbacks caused by the shortage of semiconductors and the difficulty in obtaining various raw materials from overseas and their rising prices, especially since the second half of the year, resulting in a downward trend in rubber chemicals and materials. Typical products of these rubber...
NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...
Toyo Tires reported net sales of 129.16 billion yen ($950.06 million), up 26.9% year-on-year, for the first quarter (January-March) of the fiscal year ending December 2023. Operating income was 14.57 billion yen, down 9.9%, ordinary income 15.81 billion yen, down 23.0%, and net income of 10.88 billion yen, down 38.8%. Net sales reached a record high for the first quarter....
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