Mitsui Chemicals announced on May 19 that it will raise the price of Admer by 25 yen ($0.17) per kilogram for deliveries starting July 1. The company stated that the price hike is due to significant increases in costs for certain raw materials, labor, logistics, and equipment maintenance. “Despite efforts to reduce costs, the situation has exceeded our ability to...
Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making...
Mitsui Chemicals announced a price increase of 25 yen ($0.16) or more per kilogram for its elastomer products — Tafmer, Mitsui EPT, and Lucant — effective from deliveries starting May 1. “In recent years, fixed costs such as repair and labor expenses, along with logistics and auxiliary material costs, have been rising,” the company said. “We have reached a point...
Mitsui Chemicals and Sumitomo Seika have successfully developed the world’s first EBT latex based on Mitsui Chemicals’ EPT (ethylene-propylene rubber) and EBT (ethylene butene diene). In this collaboration, Mitsui Chemicals’ synthetic rubber technology was combined with Sumitomo Seika’s latexification technology. Sample work has already started for market exploration. Mitsui Chemicals expects EBT latex to have a wide range of applications,...
Mitsui Chemicals has started manufacturing and selling chemicals and plastics derived from chemical recycling by mass balance method, using pyrolysis oil made from waste plastic. Decomposed waste plastic oil procured from Fukuyama City-based CFP has been fed into crackers at the Osaka Works of Mitsui Chemicals in Takaishi City since March 13. In the future, the Mitsui Chemicals will market...
Mitsui Chemicals results for the first nine months (April-December) of the fiscal year ending March 2024 showed revenue of 1,274.53 billion yen ($8.54 billion), down 10.8% year-on-year; core operating profit of 72.38 billion yen, down 34.4%; and net income of 37.26 billion yen, down 42.6%. Among segments, Mobility posted sales revenue of 398.36 billion yen, up 1.9%, and core operating...
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