Tokai Cobex Savoie SAS, a French subsidiary of carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301), has been selected to receive a grant from the French government as part of its national recovery and resilience plan (NRRP). As part of the NRRP – an initiative designed to help France recover from the impact of COVID-19 – the French government issued...
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Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....
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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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Tokai Carbon Co. Ltd.’s (TYO:5301) carbon black business is on the rebound after bottoming out during the April–June quarter, says President Hajime Nagasaka. Speaking at a financial results briefing on Nov. 5, Nagasaka said that demand is recovering particularly in the U.S. and Thai markets, adding that the company’s U.S. production bases have utilization rates up in the 90–95 percent...
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Tokai Carbon Co. Ltd. (TYO:5301) announced on July 5 that heavy rainfall near its Tanoura Plant in Ashikita, Kumamoto Prefecture, led to a fire on July 4. The company also provided further details of the incident. The Tanoura Plant produces isotropic graphite materials used in semiconductors, solar cells and various industrial applications. On July 4, heavy rainfall in the Ashikita...
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Tokai Carbon Co. Ltd. (TYO:5301) has raised prices by 6 yen per kilogram for all carbon black products, implementing this for all shipments to be delivered from May 1 onward. In explaining the price increase, the major carbon black manufacturer says that, due to the International Maritime Organization (IMO) tightening its restrictions on the permitted sulfur content of bunker fuel,...
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