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Asahi Kasei Raises Prices on Synthetic Rubber, Styrenic TPEs and More From This Month

on April 4, 2022 in Materials

Asahi Kasei Corp. (TYO:3407) is set to raise its prices starting April 1 for synthetic rubber, styrenic thermoplastic elastomers (TPEs) and styrene-based specialty transparent resins. Per-kilogram prices are set to rise by 40 yen ($0.33) for butadiene rubber, oil-extended styrene–butadiene rubber (SBR) and non-oil-extended SBR. Meanwhile, there will be a 60 yen price hike for styrenic TPEs, hydrogenated styrenic TPEs...

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Asahi Kasei to Produce Sustainable S-SBR Using Butadiene Derived From Plastic Waste

on December 6, 2021 in Industry

Asahi Kasei Corp. (TYO:3407) has formed an agreement with Singaporean-based Shell Eastern Petroleum Pte. Ltd. regarding the purchase of sustainable butadiene derived from plastic waste and biomass. By the end of fiscal 2021, Asahi Kasei intends to introduce this sustainable butadiene at its synthetic rubber plant in Singapore, as well as use this butadiene here to begin producing and marketing...

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Asahi Kasei Records Major YoY Increases in First-Half Performance on Back of Material Segment

on November 17, 2021 in Market Background, Materials

Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...

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Asahi Kasei Leans on Next-Gen Offerings in Pursuit of Further Growth for S-SBR Products

on June 25, 2021 in Materials

Asahi Kasei Corp. (TYO:3407) saw operations slump for its solution-polymerized styrene–butadiene rubber (S-SBR) and butadiene rubber (BR) last fiscal year, with COVID-19 making its impact felt on the sector. Both of these products, however, started to show a significant sales recovery starting last summer. On the back of this recovery, Asahi Kasei’s aim coming into fiscal 2021 has been to...

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Asahi Kasei Projects Sales and Income Growth for 2021 Following Decline in 2020

on May 27, 2021 in Materials

Asahi Kasei Corp. (TYO:3407) has reported its business results for fiscal 2020, showing a year-on-year decline to both sales and income metrics. The company posted sales revenue of 2.11 trillion yen ($19.33 billion), down 2.1 percent year-on-year; operating income of 171.81 billion yen, down 3.1 percent; ordinary income of 178.04 billion yen, down 3.2 percent; and net income of 79.77...

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Asahi Kasei Raises Hydrogenated Styrenic TPE Prices

on November 19, 2020 in Materials

Asahi Kasei Corp. (TYO:3407) has raised the prices for its Tuftec and S.O.E. hydrogenated styrenic thermoplastic elastomer products to 25 yen ($0.24) or more per kilo, starting with November 16 shipments. The chemicals manufacturer said that the price hike is due to manufacturing cost increases far beyond the range it can cover through its own cost-cutting efforts, being necessary then...

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