Tokai Carbon’s first quarter results for fiscal 2023 saw net sales of 86.53 billion yen ($636.37 million), up 24.5% year-on-year; operating income of 11.49 billion yen, up 44.8%; ordinary income of 11.8 billion yen, up 40.4%; and net income of 7.96 billion yen, up 96.9%. By segment, the carbon black business posted sales of 37.46 billion yen, up 27.1%, and...
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Tokai Carbon and Sekisui Chemical have entered into a partnership with the aim of commercializing a technology for manufacturing various carbon materials and products (CCU) using carbon monoxide (CO) produced by a chemical looping reaction technology for highly efficient conversion of carbon dioxide (CO2) to CO and a technology for collecting and storing CO2 as solid carbon (CCS). As climate...
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Tokai Carbon’s results for the first nine months (January-September) of the fiscal year ending December 31, 2022, showed net sales of 246.33 billion yen ($1.76 billion), up 33.1 percent year-on-year; operating income of 28.02 billion yen, up 58.6 percent; ordinary income of 32.13 billion yen, up 83.1 percent; and net income of 16.12 billion yen, up 68.6 percent. In the...
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Tokai Carbon announced on Sept. 5 that it intends to build a new plant under consolidated subsidiary Thai Tokai Carbon Product (TCP), located in Sriracha, Thailand. The announcement follows the plan’s approval at a special board meeting earlier that day. First established in 1989, TCP handles the manufacture and sale of carbon black, which is used as a reinforcing material...
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Japanese carbon black giant Tokai Carbon Co. Ltd. (TYO:5301) has posted strong results for the first quarter of calendar 2022. This includes sales revenue of 69.51 billion yen, up 28.8 percent year-on-year; operating income of 7.94 billion yen, up 94.7 percent; ordinary income of 8.41 billion yen, up by 110.2 percent; and net income of 4.04 billion yen, up by...
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Tokai Carbon Co. Ltd. (TYO:5301) has clarified its plans for pursuing sustainable efforts in the form of tire waste recycling. In a broad sense, Japan’s largest manufacturer of carbon black noted two key ways in which the industry can contribute to the recycling of used tires. The first of these, the company said, is the production of recycled carbon, while...
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