Asahi Kasei has raised the prices of styrenic thermoplastic elastomers for shipments from April 1. The price increase is 70 yen ($0.46) or more per kilogram for styrenic thermoplastic elastomers, including Tufprene and Asaprene T, and 120 yen or more per kilogram for hydrogenated styrenic thermoplastic elastomers, including S.O.E. and Tuftec. The company said that with the recent sharp rise...
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Asahi Kasei posted sales of 2,064.15 billion yen ($13.74 billion), up 1.2% year-on-year in the nine months (April-December) of the fiscal year ending March 2024. The company also posted operating income of 99.50 billion yen, down 15.1%, ordinary income of 90.50 billion yen, down 18.9%, and net income of 58.57 billion yen, down 11.0%. In the materials segment, sales declined...
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Asahi Kasei’s synthetic rubber business in the first half (April-September) of the fiscal year ending March 31, 2024, was affected by the economic slowdown, especially in China, and both SSBR and BR sales volume and net sales fell short of the plan. The positive factor for SSBR was an increase in production of tires for new vehicles due to a...
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Asahi Kasei recently decided to terminate operations and liquidate Asahi Kasei Cord, which produces general-purpose tire cord and chafer, among others. Production is scheduled to end at the end of March 2024, and the plant will be closed at the end of March 2025. In principle, approximately 70 employees will be reassigned within the Asahi Kasei group. The decision was...
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Asahi Kasei’s synthetic rubber business fell short of its plan in terms of volume for the fiscal year ending March 31, 2023. Demand for both solution-polymerized styrene-butadiene rubber (SSBR), mainly for tire applications, and butadiene rubber (BR), mainly for non-tire and resin modification applications, declined in the second half. “All regions performed worse than expected. The rise in raw material...
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Asahi Kasei reported net sales of 2.72 trillion yen ($19.69 billion), up 10.8% from the previous fiscal year, operating income of 128.352 billion yen, down 36.7%, ordinary income of 121.53 billion yen, down 42.7%, and a net loss of 91.31 billion yen (compared to 161.88 billion yen profit). Sales reached a record high. The environmental solutions business, which includes synthetic...
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