coronavirus

Denka Begins Producing Raw Materials for Avigan as Effort Against Novel Coronavirus

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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JSR Sees Sales Revenue Decline 4.7% for FY2019

JSR Corp. (TYO:4185) recently posted its business results for fiscal 2019, revealing sales revenue of 471.97 billion yen ($4.4 billion) – down 4.7 percent year-on-year. The company’s operating profit for the year came to 32.88 billion yen, down 27.3 percent, while its net profit totaled 22.64 billion yen, down 27.4 percent. In the Elastomers segment specifically, JSR generated 178.79 billion...

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Rubber Industry Speeds up Efforts to Transition to Online Meetings and Announcements Amid Coronavirus

With most events being canceled amid the impact of COVID-19, industry players are increasingly looking at efforts to utilize online meeting systems. While many companies in the rubber sector have already been using such technology for the likes of in-house meetings and new employee training, a recent initiative has seen these systems beginning to find use for press conferences as...

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Japanese Companies in China See Significant Variation in Their Recovery From Coronavirus

Japanese companies with Chinese bases in the rubber sector look like they will still need some more time to get these bases back to where they were before COVID-19. A survey carried out by Japan Rubber Weekly provided some details here. China is starting to work toward economic recovery, making moves such as lifting the urban lockdown on virus epicenter...

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Inoac Launches Online Sales for Polyurethane Masks as Coronavirus Drives Shortages

Inoac Corp. launched sales on April 17 of a face mask with a washable polymer body, offering this as a way to help alleviate the nationwide shortage of masks caused by the spread of COVID-19. The major rubber and polyurethane foam products manufacturer is conducting sales through the online shop of subsidiary Inoac Living Co. Ltd., though these have been...

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Towa Corporation Likely to Resume Operations at Glove Plants in Bangladesh and Malaysia

Glove manufacturer Towa Corporation Ltd. is likely to resume operations at its plants in Bangladesh and Malaysia. Operations at both plants have been suspended in accordance with the restrictions and measures that both countries have implemented. A company spokesperson said that, depending on the situation, the plants could either resume operations before April 14 or remain shut down for a...

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