Tosoh Corp. (TYO:4042) has reported its business results for the April–September quarter of fiscal 2020. The company posted net sales of 328.47 billion yen ($3.14 billion), down 17.1 percent year-on-year; operating income of 17.64 billion yen, down 56.3 percent; ordinary income of 17.97 billion yen, down 57.1 percent; and quarterly net profit of 11.71 billion yen, down 56.3 percent. Tosoh’s...
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Bando Chemical Industries Ltd. (TYO:5195) and Tosoh Corp. (TYO:4042) have been selected to receive backing for a joint project of theirs from the New Energy and Industrial Technology Development Organization (NEDO). This comes as part of a NEDO initiative to develop cellulose nanofiber (CNF)-related technology capable of helping to achieve a carbon-recycling society. Set to run over fiscal 2020–2024, the...
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Tosoh Corp. (TYO:4042) recently announced that group company Tosoh Silica Corp. has decided to establish a JV with South Korea’s Namhae Chemical Corp. Named Tosoh Namhae Silica Corp., this new JV will build a base to produce silica for use in fuel-efficient tires. Plans are for the new production base to get up and running in October 2021. This would...
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Tosoh Corp. (TYO:4042) is looking to bolster its production capacity for Skyprene, the company’s brand of chloroprene rubber (CR). Targeting a 4,000-ton increase to its annual CR production capacity, Tosoh will remove facility bottlenecks at its Nanyo Complex in Shunan, Yamaguchi Prefecture. These efforts will require an investment of around 5 billion yen ($47.05 million) and bring the company’s total...
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The global supply–demand balance for chloroprene rubber (CR) continues to sit tight. And with no significant reversal expected in these market conditions for the time being, CR manufacturers are rushing to deal with the situation. In Japan, this has seen Tosoh Corp. (TYO:4042) recently give details on a plan to bolster its production capacity for CR, set to be achieved...
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Tosoh Corp. (TYO:4042) has announced that it will be raising its prices for polyvinyl chloride (PVC) paste by over 16 yen ($0.14) per kilogram as of Nov. 1. The company had previously announced on July 19 that it would be increasing its PVC price by 10 yen per kilogram. But with the cost of domestically produced naphtha – a basic...
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