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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Chloroprene rubber (CR) sales volume and prices are likely to bottom out in the second half of fiscal 2023 (October-March 2024). This comes with demand for CR currently being sluggish due to weak demand for industrial goods and adhesive applications, as well as inventory adjustment in automotive applications, where demand has been recovering. Supply chain inventories have built up significantly...
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Denka and SCG Chemicals (SCGC, headquartered in Bangkok, Thailand), a wholly owned subsidiary of Siam Cement, have decided to establish a joint venture company to manufacture and sell acetylene black and to construct an acetylene black production plant in Thailand. The investment amount is $400 million and the plant will be located in Map Ta Phut in Rayong Province. Construction...
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In the first quarter of the fiscal year ending March 31, 2024 (April-June 2023), chemical and rubber manufacturer Denka’s sales fell 6.9% year-on-year to 87.82 billion yen ($603.63 million), operating income fell 43.0% to 2.79 billion yen, ordinary income fell 53.7% to 2.38 billion yen, and net income fell 47.1% to 2.29 billion yen. By segment, the Elastomers & Infrastructure...
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Denka signed a statement of support for the United Nations Global Compact (UNGC), and was registered as a participating company as of June 8. At the same time, the company joined the Global Compact Network Japan, a local network of the UNGC in Japan. The UNGC is the world’s largest sustainability initiative, which aims to build a healthy global society...
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On June 14, Denka announced that a pipe burst during maintenance work at a manufacturing facility in its Aomi Plant in Itoigawa City, Niigata Prefecture. The cause of the accident is under investigation. The chloroprene rubber (CR) manufacturing facility where the accident occurred has been shut down, and the other lines are partially operating under the safety priority. Customers will...
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