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Sumitomo Rubber Sees Decline in Business Profit for First Quarter

on May 26, 2020 in Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the January–March quarter of calendar 2020 in accordance with International Financial Reporting Standards (IFRS). The company reported sales revenue of 190.79 billion yen ($1.77 billion) for a year-on-year decrease of 9.7 percent, while business profit decreased 54.7 percent to 2.57 billion yen. Tire operations recorded sales revenue of 163.19...

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Kuraray Holds Online Trade Show for Automotive Industry

on May 25, 2020 in Materials

Kuraray Co. Ltd. (TYO:3405) is holding an online trade show focused on the automobile industry over May 20 – June 30. Through on-demand video and other such means, the chemicals company is showing how the Kuraray Group’s materials can provide various next-gen solutions for the automotive industry with a focus on the environment, safety and comfort One of the products...

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Mitsui Chemicals, Nagoya University Begin Joint Development of Reusable 3D-Printed Mask

on May 22, 2020 in Industry, Innovation

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

on May 21, 2020 in Coronavirus, Materials

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

on May 20, 2020 in Industry, Tires

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

on May 19, 2020 in Market Background, Materials

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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