Nitta’s Nitta Moore division posted lower sales and profits in the third quarter (April-December) of the fiscal year ending March 31, 2024, compared to the same period last year. Sales in the auto business were strong due to an upturn in automobile production at the customers who demanded them, but sales in the general industrial business were sluggish due to...
The first Asian Rubber and Elastomer Federation (AREF) International Conference took place in Phuket, Thailand, from February 27 to March 1 with the participation of Thailand, Japan, Korea, Malaysia, India and China. The conference was attended by a total of 178 participants, including rubber industry representatives from various countries. The overall theme of the conference was “Global Challenges and Opportunities...
Eneos Material announced on March 22 that it will raise the prices of elastomer and latex products for deliveries from May 1. The price increase will be 12 yen ($0.08) or more per kilogram for Eneos Material’s elastomer and latex products, $120 per ton for BST Eneos Elastomer’s elastomer products, and €170 ($184) per ton for Eneos Mol Synthetic Rubber’s...
Rubber and resin products manufacturer Nitta has developed patented carbon fiber reinforced plastic (CFRP) products for the industrial field using its proprietary CNT composite technology Namd. Since fiscal 2017, Namd has been used in many CFRP products in the sports field, such as tennis rackets and golf club shafts, due to its excellent properties, including vibration damping and speed-dependent relaxation...
A joint venture between Michelin of France, Scandinavian EnviroSystems (Enviro) and Antin Infrastructure Partners (Antin) has finalized a joint investment plan to build its first tire recycling plant. The first plant, based in Uddevalla, Sweden, has already received all necessary environmental and building permits and approvals for construction. The construction process has begun, and the new plant is expected to...
Denka and its affiliate Toyo Styrene in March completed construction of a chemical recycling plant for used polystyrene at Denka’s Chiba Plant in Ichihara City. The investment is worth approximately 4 billion yen ($26.45 million), and the plant will process approximately 3,000 tons of used polystyrene per year. While food packaging accounts for more than 60% of Japanese domestic demand...
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