Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...
Denka Co. Ltd. (TYO:4061) and Hokuriku Electric Power Co. will build a new hydroelectric power plant in Itoigawa City, Niigata Prefecture, through their 50:50 joint venture Kurobegawa Denryoku. Construction of the facility has been under consideration since August 2014 and is slated to begin in 2018. Transmission is planned to start in April 2022. Denka will be entitled to a...
Denka Co. Ltd. (TYO:4061) has announced that Manabu Yamamoto (60), director and senior managing executive officer, will become the company’s next president on April 1. Current President and Chief Executive Officer Shinsuke Yoshitaka (66) will be appointed as chairman of the board of directors. Speaking to press, Yoshitaka said that incoming president Yamamoto looks back on a long career in...
A string of price hikes is taking place with chloroprene rubber (CR) in the international market. Japanese companies Denka Co. Ltd. (TYO:4061), Tosoh Corp. (TYO:4042) and Showa Denko KK (TYO:4004) each have announced price increases, as has Netherlands-based Arlanxeo. The companies say that the reason for the price hikes is to ensure a stable product supply, as there is no...
Sumitomo Rubber Industries Ltd. (TYO:5110) has developed a bridge-purposed ultra durability rubber bearing in collaboration with Central-Nexco Technical Marketing Co. Ltd. and Denka Co. Ltd. (TYO:4061). The new rubber bearing achieves a high degree of ozone resistance, employing a chloroprene rubber (CR) composition to make it 5,000 times more resistant than conventional natural rubber compounds. While Sumitomo Rubber is already...
Chemicals manufacturer Denka Co. Ltd. (TYO:4061) has set up an “Automotive Materials & Solutions Department” under the company’s Electronics & Innovative Products Division. The department will collectively handle new research and development themes undertaken at the request of business units within the Denka Group, with a focus on next-generation automobiles and automotive parts. Denka boasts a solid track record in serving...
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