Zeon Corp. (TYO:4205) has posted 146 billion yen ($1.33 billion) in sales for its elastomer materials business over the first three quarters of fiscal 2017, marking a year-on-year increase of 22 percent. The sales figures included a 29 percent increase in rubber, totaling 104.1 billion yen; a 14 percent in increase in latex, reaching 14.5 billion yen; and a 6...
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Zeon Corp. (TYO:4205) President Kimiaki Tanaka recently spoke with Japan Rubber Weekly about how the accelerating trend toward electric vehicles (EVs) will impact his company. Tanaka said that specialty rubber, which is used in parts around automotive engines and is central to the company’s earnings, will be used less and less as the industry continues its march toward EVs. Zeon...
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Rubber sheet manufacturer Tigers Polymer Corp. (TYO:4231) recently released strong business results for the first half (April–September) of the fiscal year ending March 2018. Robust results in the company’s rubber sheet business were evidenced by a nearly double-digit increase in revenue year-on-year. Demand from Tigers Polymer’s main customers in the civil engineering, construction and automotive industries was sluggish in the...
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Carbon masterbatch (CMB) manufacturer Mitsufuku Industry Co. Ltd. has seen its profit grow steadily, despite unchanging sales. Mitsufuku Industry’s fluororubber business has shown a solid performance on the back of annually growing demand for fluororubber triggered by downsizing of engines and other trends. The company is focusing on launching its fourth factory in Fukushima Prefecture to finalize compounds for olefin-based...
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Zeon Corp. (TYO:4205) has announced its consolidated net sales declined by 4 percent year-on-year to 295.6 billion yen ($2.8 billion), and its net income decreased by 5 percent to 18 billion yen for the fiscal year ending March 2016. Price drops in export thermoplastic elastomers and rubbers, led by general-purpose rubbers, negatively affected the earnings for the period. Meanwhile, consolidated...
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