price hike

NOK Plans Price Hike on Seal Products Starting October

NOK Corp. (TYO:7240) recently announced that it has decided to raise prices on products sold via domestic distributors to the likes of the general industrial machinery industry. The price revision here is set to apply to oil seals, O-rings and other such seal products listed in NOK’s catalog, albeit with a number of exceptions. Set to come into effect starting...

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Showa Denko to Increase Chloroprene Rubber Prices

Showa Denko KK (TYO:4004) announced on Aug. 20 that it intends to increase the selling price of its chloroprene rubber by 42 yen ($0.38) per kilogram, starting with shipments made on Sept. 10. Explaining the price hike, Showa Denko said that the business environment around its chloroprene rubber business has rapidly worsened of late. The company pointed here to tight...

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Rubber Sheet Manufacturers Eye Price Hikes to Ensure Supply, Business Continuity

A growing number of rubber sheet manufacturers are looking to increase prices on their products. Most companies here are considering a 10–20 percent price hike on rubber sheets and an 8–20 percent price hike on other general-purpose products, including plastic ones. And beyond these general-purpose products, a number of companies are in talks with customers to negotiate price hikes for...

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Toyo Tires to Raise Prices on US Tires This August

Toyo Tire U.S.A. Corp., the U.S. sales subsidiary of Toyo Tire Corp. (TYO:5105), recently announced that it will increase its dealer base prices across all tire categories except for winter tires as of Aug. 1. This price hike is being implemented to reflect continued high costs for raw materials and logistics in the U.S. market. It will see prices rise...

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Tokai Carbon Plans Price Hike for May, Citing Cost Increases

Tokai Carbon Co. Ltd. (TYO:5301) announced on April 12 that it will be implementing a price hike on shipments of all carbon black grades from its domestic Japanese plants, including export shipments. The price increase is set to come to 26.8 yen ($0.25) per kilogram, which will be put into effect starting with shipments made on May 1. Explaining its...

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Dow Chemical Japan to Raise Prices on Propylene Glycol Ether

Dow Chemical Japan Ltd. has announced that it will be raising the prices of its propylene glycol ether solution products by at least 40 yen ($0.37) per kilogram starting May 1. Explaining its reasoning here, Dow Chemical Japan noted that costs are continuing to rise for propylene glycol raw materials, including not only propylene oxide but also acetic acid and...

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