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Mitsui Chemicals Posts Record-High Profits for First Half

Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...

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Mitsui Chemicals Improves EPT, Expects Use Around Engines

Mitsui Chemicals Inc.’s (TYO:4183) business in ethylene propylene diene terpolymer (EPT) operated at full production capacity and completely sold out its inventory for fiscal 2016 on the back of strong demand. The company said that considering market growth rates and the location of its plants, it has focused on Asia rather than Europe and the Americas. Asian markets in which...

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Synthetic Rubber Production Regresses Into Negative Territory for September 2016

Total production volume of synthetic rubber fell 9.6 percent year-on-year for the month of September 2016, dropping to 128,830 tons, according to the Synthetic Rubber Industry Association of Japan. It represents a regression back from what was a positive year-on-year total the month prior. Outside of styrene-butadiene rubber (SBR), which saw a 1.9-percent increase, year-on-year declines were witnessed across all...

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Synthetic Rubber Production Down 5.6% to 774,000 Tons in First Half

Synthetic rubber production fell 5.6 percent year-on-year to 773,584 tons in the first half of 2016, according to the Synthetic Rubber Industry Association of Japan. Production was down for all categories year-on-year, including a 6.1 percent decline for styrene-butadiene rubber (SBR), a 2.8 percent decline for polybutadiene rubber (BR) and a 2.2 percent decline for ethylene propylene diene terpolymer (EPT)....

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Synthetic Rubber Production Volume in Japan Down 12% for March

Synthetic rubber production volume in Japan dropped to 102,196 tons for March, down about 12 percent compared with the same period last year, according to the Synthetic Rubber Industry Association of Japan. The total production volume between January and March was 388,573 tons, a 4 percent year-on-year decline. Meanwhile, the production volume of styrene-butadiene rubber (SBR) for March plummeted to...

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Mitsui Chemicals—High Expectations for New EPDM Grade

Mitsui Chemicals Inc. (TYO:4183) achieved a strong performance in the first half of fiscal 2015 (April–September) for EPDM (ethylene propylene diene terpolymer) rubber. Contributing factors were a weak yen and low naphtha prices. Shanghai Sinopec Mitsui Elastomers Co. Ltd. (SSME), Mitsui Chemicals’ joint venture for EPDM production in China that went onstream at the end of 2014, started up again in...

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