Mitsui Chemicals Inc. (TYO:4183) has teamed up with Professor Katsutoshi Hori of the Graduate School of Engineering at Nagoya University and Friend Microbe Inc., a venture stemming from Nagoya University, to start development for a reusable 3D-printed mask. The greatest feature of this new mask promises to be virus-blocking capabilities while also offering reusability. This is achieved with a reusable...
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Denka Begins Producing Raw Materials for Avigan as Effort Against Novel Coronavirus
Denka Co. Ltd. (TYO:4061) recently began production of diethyl malonate for use in Avigan, a potential COVID-19 treatment known also by the generic name of favipiravir. This production began on May 16 at the chemical company and chloroprene rubber producer’s Omi Plant in Itoigawa, Niigata Prefecture. Denka sees itself as having a social responsibility to help out with measures against...
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Bridgestone Looks to Expand European Sales Network by Acquiring Germany’s Reiff
Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Europe NV/SA recently announced that it has concluded a final agreement to acquire Reiff Reifen und Autotechnik GmbH, a supplier of automotive services including tire sales in southern Germany. The agreement was concluded on May 1; the amount paid for the acquisition has not yet been revealed. Reiff controls a retail network of 42 tire...
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Shin-Etsu Polymer Posts Sales Drop for FY2019 Despite Silicone Rubber Molding Products Finding Solid Foothold
Shin-Etsu Polymer Co. Ltd. (TYO:7970) has revealed decreased sales and a mixed bag of profit metrics in its business results for fiscal 2019. The chemical manufacturer posted sales revenue of 80.25 billion yen ($746.98 million), down by 6.1 percent year-on-year; operating profit of 7.76 billion yen, down by 4.9 percent; ordinary profit of slightly less than 8.1 billion yen, up...
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Mitsui Chemicals Sees Sales Revenue Drop for FY2019
Mitsui Chemicals Inc. (TYO:4183) recently posted its business results for fiscal 2020 to reveal sales of just under 1.34 trillion yen ($12.52 billion), down 9.7 percent year-on-year. The company’s overall operating income totaled a little below 71.64 billion yen, down by 23.3 percent, with ordinary income down 36.4 percent to slightly under 65.52 billion yen and net income down 50.1...
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Bridgestone Nominates Masahiro Higashi as New Global COO
Bridgestone Corp. (TYO:5108) announced on May 11 that Representative Executive Officer Masahiro Higashi has been picked to fill the role of Global COO going forward. The decision came at a board of directors meeting on the same day. Higashi will also take up a number of other new roles, including global chief administration officer (CAO), CEO and president of the...
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