Meiwa Rubber’s performance in the first half of fiscal 2024, from October 2023 to March 2024, exceeded the results of the same period of the previous year but fell short of the target. In addition to the unstoppable decline in sales of rolls for printing, sales of rolls for industrial use, which had been the driving force in the previous...
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Kinyosha to Expand Production Facilities on Solid Blanket Sales
Kinyosha, Japan’s leading manufacturer of rubber rolls, reported only a slight decrease in sales in fiscal 2023, keeping revenues almost at the same level as in the previous year. Blanket sales were firm, but total sales fell slightly short of the previous year’s results due to sluggish sales of some rolls. By division, sales of rolls were down from the...
Report: Denka Expects Moderate CR Recovery, Expands Evolmer Into Tire Bladders
Denka’s chloroprene rubber (CR) business experienced weak sales in the previous fiscal year (April 2023-March 2024). “The poor sales trend of the first half continued into the second half of the fiscal year,” the company said. Initially, it had expected a recovery in the second half of the year, but there was no boost in terms of volume, and both...
Tosoh Expects CR Demand Recovery, Focuses on CNF
Tosoh’s CR sales volume declined only a few percent in the previous fiscal year ending March 2024, with sales benefiting from the weaker yen. Japanese domestic demand began to recover in the second half of the year, but was impacted by production stoppages at some automakers. Overseas, on the other hand, sales were affected by inventory adjustments by users in...
Report: Osaka Soda Continues Expanding Sales, ACM Newly Adopted Mainly in Asia
In the previous fiscal year ending March 2024, Osaka Soda’s acrylic rubber (ACM) sales volume increased due to new adoption in automotive parts applications, mainly in China, Southeast Asia, and India, as well as demand for ACM as a substitute for other materials. “We believe that there is still room for ACM to replace other materials for companies that have...
Asahi Kasei Sees SSBR Sales Remain Steady This Year
Asahi Kasei’s synthetic rubber business for the fiscal year ending this March achieved its full-year operating income forecast, despite difficult conditions in the first half amid economic risks in China. This came as sales remained strong in the second half, especially for SSBR for tires, and the weaker yen also helped boost results. On the other hand, sales of BR,...