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JSR Positions SSBR as Driver of Revenue in New Business Plan

JSR Corp. (TYO:4185) has identified solution styrene butadiene rubber (SSBR) as a lucrative growth area in JSR20i9, the company’s medium-term business plan for fiscal 2017 to 2019. JSR hopes to achieve the plan’s goals through plant construction, greater product sales and full-capacity operations at new lines. One focus of the plan is the release of new SSBR products with better...

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JSR Beats Overall Market in S-SBR Sales

Major synthetic rubber company JSR Corp. (TYO:4185) has released its business results for fiscal 2016. Sales were up for the company 1 percent year-on-year, rising to 390,599,000,000 yen ($3.34 billion); operating profit was down 5.9 percent at 32.37 billion yen; ordinary income rose 7.8 percent to 36,264,000,000 yen; and net profit, up 25 percent, increased to 30,078,000,000 yen. The company’s...

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JSR Hikes Prices on Synthetic Rubber and Emulsion Products

JSR Corp. (TYO:4185) has raised its prices on synthetic rubber and emulsion products, starting with deliveries from Feb. 1. The company says that the hikes are in response to increased prices of raw materials in domestic naphtha. These come on the back of a weakening yen and the high price of crude oil, along with skyrocketing butadiene prices since last...

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Global Clients Need Global Supply Chains: JSR President Mitsunobu Koshiba

JSR Corp. (TYO:4185) has, for the first time since its founding, restructured its business according to applications, said President Mitsunobu Koshiba during a recent talk with Japan Rubber Weekly. In addition to other steps, this included the establishment of a Tire Materials Department in June 2016. With its history of starting synthetic rubber production as a statutory company, he said...

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Japanese Rubber Companies Heavily Revise Earnings Projections

As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...

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Mitsui Chemicals to Launch Cooperative Logistics Network for Chemicals

Chemical company and synthetic rubber manufacturer Mitsui Chemicals Inc. (TYO:4183) is launching this autumn a cooperative logistics network for small-quantity chemical products. The network will be comprised of several companies that operate factories across Tokyo, Yokohama and Chiba prefecture. With a shortage of truck drivers continuing to worsen, the network aims to stabilize long-distance shipping for small-quantity chemical products such as...

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