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...
News
NOK Posts Full Year Results, Sales up 4%
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 Posts First Quarter Results, Sales up 26.9%
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....
Tokai Carbon Sees Sales Increase 24.5% in First Quarter
Tokai Carbon’s first quarter results for fiscal 2023 saw net sales of 86.53 billion yen ($636.37 million), up 24.5% year-on-year; operating income of 11.49 billion yen, up 44.8%; ordinary income of 11.8 billion yen, up 40.4%; and net income of 7.96 billion yen, up 96.9%. By segment, the carbon black business posted sales of 37.46 billion yen, up 27.1%, and...
Lanxess’ Rhein Chemie BU Makes Major CO2 Reductions at Kallo Plant in Belgium
Lanxess’ Rhein Chemie business unit, which is widely involved in rubber additives such as pre-dispersed rubber chemicals, rubber processing aids, antioxidants and anti-aging agents, has achieved a significant reduction of CO2 emissions at its Kallo plant in Belgium, where vulcanization accelerators are manufactured. From 2022, CO2 emissions in the generation of steam used for production have been significantly reduced. This...
Bridgestone Achieves 100% Switch to Renewable Energy for Purchased Electricity at Six Plants
Bridgestone has switched all purchased electricity used at its six Japanese tire and raw materials plants to renewable energy. In addition, two chemical plants (Seki and Kumamoto) have also begun switching and will continue to systematically expand the use of renewable energy in the future. The company said in 2021 that it aims to achieve 100% renewable energy at its...
