denka

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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Denka Concludes Technical Agreement With Agilyx for Recycled Styrene Monomer

Denka Co. Ltd. (TYO:4061) has concluded a technology licensing agreement with Agilyx Corp., a global plastic recycling company based in Portland, Oregon, for a chemical recycling project involving used polystyrene from Toyo Styrene Co. Ltd., an equity-method investee of Denka. Denka has begun serious planning for the construction of demonstration equipment at its plant in Ichihara, Chiba Prefecture, that would...

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Denka to Supply Raw Materials for Potential COVID-19 Treatment Avigan

Denka Co. Ltd. (TYO:4061) recently announced that it has decided to supply diethyl malonate, a raw material for anti-flu drug Avigan, in response to a request from the Japanese government. Also known as favipiravir, Avigan is being touted as a potential treatment for COVID-19 patients. This diethyl malonate production is slated to start in May at Denka’s Omi Plant in...

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Denka Makes Downward Revision to Business Estimates Amid Sluggish Sales, Coronavirus Outbreak

Denka Co. Ltd. (TYO:4061) recently announced that it has downwardly revised its projected business results for fiscal 2019. Explaining its decision here, Denka noted first that it has seen sluggish sales trends for chloroprene rubber (CR) amid the U.S.–China trade war. The chemical company has also looked to account for the novel coronavirus to some extent, expecting that this will...

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Denka Finishes Construction of Omuta Innovation Hub

Denka Co. Ltd. (TYO:4061) has announced that it recently finished construction of the Omuta Innovation Hub, a new integrated office located at the company’s Omuta Plant in Fukuoka Prefecture. Established in 1916, the Omuta Plant began operations as an inorganic chemicals factory within an Omuta coal complex zone, producing carbide and lime nitrogen fertilizer. The plant later developed high-temperature processing...

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Denka Subsidiary Moves to Develop Coronavirus Test Kit

Chemical manufacturer Denka Co. Ltd. (TYO:4061) announced on Feb. 13 that consolidated subsidiary Denka Seiken Co. Ltd. has started development of a diagnostic test kit for China’s novel coronavirus. Making use of the immunochromatography method for coronavirus antigens, the kit can be used quickly and simply even at general medical facilities. Since its establishment in 1950, Denka Seiken has been...

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