Tosoh’s CR sales volume declined only a few percent in the previous fiscal year ending March 2024, with sales benefiting from the weaker yen. Japanese domestic demand began to recover in the second half of the year, but was impacted by production stoppages at some automakers. Overseas, on the other hand, sales were affected by inventory adjustments by users in...
Tosoh said that it will raise the prices of all Skyprene chloroprene rubber products for shipments from May 20. The price increase is 57 yen ($0.36) or more per kilogram for sulfur modified grades and 47 yen or more per kilogram for other grades. Regarding the price increase, the company said, “We have been implementing various measures to reduce costs,...
Tosoh has begun sales of the newly developed SG Series, a new grade of Skyprene chloroprene rubber composited with cellulose nanofiber (CNF) that has been adopted as a material for Bando Chemical’s transmission belts. CNF is a biomass-derived high-performance material that is one-fifth the weight of steel but more than five times stronger, and is expected to be a substitute...
Bando Chemical has developed the world’s first cellulose nanofiber (CNF)-compounded rubber double cog belt for high-load applications as a new lineup of speed change belts for use in large baby carriages and scooters. In the course of designing formulations that combine reinforcement materials such as carbon black and fiber materials with rubber, the company has focused on CNF, a new...
Tosoh reported net sales of 747.89 billion yen ($5.01 billion), down 5.9% year-on-year, for the first nine months (April-December) of the fiscal year ending March 2024. Operating income stood at 59.55 billion yen, up 1.1%, ordinary income at 68.67 billion yen, down 5.0%, and net income at 41.37 billion yen, down 10.7%. By segment, the petrochemical business posted sales of...
Chloroprene rubber (CR) sales volume and prices are likely to bottom out in the second half of fiscal 2023 (October-March 2024). This comes with demand for CR currently being sluggish due to weak demand for industrial goods and adhesive applications, as well as inventory adjustment in automotive applications, where demand has been recovering. Supply chain inventories have built up significantly...
