Mitsui Chemicals Inc. (TYO:4183) and Prime Polymer Co. Ltd. announced on June 11 that they have begun business operations at Mitsui Prime Advanced Composites Europe BV (ACE), a joint venture that also includes Mitsui & Co. Ltd. (TYO:8031). Located within Chemelot Industrial Park in the Netherlands, ACE is the Mitsui Chemicals Group’s first polypropylene (PP) compounding plant in Europe. The...
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Fuji Latex Co. Ltd. (TYO:5199) has posted its business results for fiscal 2019, revealing sales revenue of 7.21 billion yen ($67.35 million) for a 13.5 percent year-on-year drop. For its profit metrics, the condom and medical products manufacturer posted 35 million yen in operating profit, down 94.1 percent; 33 million yen in ordinary profit, down 93.6 percent; and a net...
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Midori Anzen Co. Ltd. launched a new line of gloves through its company website and other outlets on June 1. Named MS132, these gloves offer protection against direct contact with infectious agents, achieving this through the use of an antibacterial and antiviral material known as Dew. Developed by Nihon Sanmo Dyeing Co. Ltd., Dew is a functional fiber in which...
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The general performance of listed rubber companies has been compiled for fiscal 2019, during which the impact of the novel coronavirus pandemic began to become apparent. Among chemical companies, the elastomer business experienced lower revenue and earnings at synthetic rubber manufacturers JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205). This was attributable to a global slump among buyers in automobile and...
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Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...
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Bridgestone Corp. (TYO:5108) recently announced that it has received two awards from Toyota Motor Corp. (TYO:7203): the Technology & Development Award and the Superior Value Improvement Award. The Technology & Development Award is given out to suppliers who have managed to advance manufacturing by way of innovative technologies. Meanwhile, the Superior Value Improvement Award recognizes supplier attitudes and achievements with...
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