Mitsui Chemicals Inc. (TYO:4183) has announced that it will set up new production facilities for Milastomer, a thermoplastic olefin (TPO) elastomer, at its U.S. production base Advanced Composites Inc. in Ohio. The move will take an investment of approximately 1.5 billion yen ($14.24 million), and will establish facilities with an annual production capacity of 6,000 tons. Construction is slated to...
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Mitsui Chemicals Inc. (TYO:4183) has posted record-high net, ordinary and operating profit figures for the combined first three quarters of fiscal 2017 (April–December). Sales for the period totaled 959.83 billion yen ($8.78 billion), up 10.3 percent from the same period in the previous year. Operating profit was 75.74 billion yen, up 5.7 percent year-on-year; ordinary profit was 78.85 billion yen,...
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JSR Corp. (TYO:4185) President Mitsunobu Koshiba is hoping to see stable earnings for his company’s elastomer business. But to achieve this, he recently told Japan Rubber Weekly, JSR will need to take its marketing efforts for the sector onto the global stage. Koshiba said that his company’s elastomer business still has its sales largely directed at the Japanese domestic tire...
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DowDuPont Inc. has announced that the merger of equals between The Dow Chemical Co. and E.I. du Pont de Nemours & Co. completed on August 31. The combined entity is named DowDuPont, and operates as a holding company with three divisions – agriculture, materials science and specialty chemical products. DowDuPont intends to separate the three divisions and launch them as...
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Two large synthetic rubber manufacturers, JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205), recently released their business results for the first quarter of fiscal 2017. Both companies saw a significant increase to their elastomer division profits for the quarter, including profits for synthetic rubber. This profit growth is caused by an increase in the spread between elastomer material costs and selling...
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