zeon

Tokyo Zairyo’s Income Up Seventh Year in a Row, High Value-added Products Contribute

Tokyo Zairyo Corp., a raw material trading company and a subsidiary of Zeon Corp. (TYO:4205), has announced its annual net revenue for the fiscal year ending March 2016 was 87.924 billion yen ($865 million), down 2 percent year-on-year. Ordinary income was 1.854 billion yen, up 2 percent and net profit was 1.357 billion yen, down 13 percent. Ordinary income rose...

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Zeon Hit by Sluggish Specialty Rubber Markets in Asia

Zeon Corp. (TYO:4205), a major manufacturer of specialty synthetic rubber, has reported that net sales for the company’s elastomer materials business declined by 5 percent year on year to 178.9 billion yen ($1.61 billion) for the fiscal year ending March 2016. Meanwhile, operating profit for the segment climbed 23 percent to 20.7 billion yen. Sales volume for synthetic rubber rose...

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Zeon Kasei to Build New PVC/PSC Factory in Mexico

Zeon Corp. (TYO:4205) has announced that its subsidiary, Zeon Kasei Co. Ltd., will build a new factory in Mexico for the production of PVC/PSC resin compound for powder slush molding. The factory will use vinyl chloride resins as the raw material. The investment amount will be 1.5 billion yen ($13.5 million) and Zeon Kasei aims to begin production of 1,200...

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Interview With Zeon—Update on Singapore Plant

Hiroyuki Hirakawa, director and senior corporate officer, head of Elastomers and Chemicals Business Headquarters, and division manager–Synthetic Rubber of Zeon Corp. (TYO:4205), commented on the recent state of Zeon Chemicals Singapore Pte. Ltd. He said that the company’s production facilities will be in full operation while addressing the necessary mechanical and equipment issues until the plant is fully ramped up. Hirakawa...

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Zeon to Halt NBR Rubber Production in UK

Zeon Corp. will halt its synthetic rubber production in the U.K. The company plans to break up and liquidate Zeon Chemicals Europe Ltd. (ZCEL), a consolidated subsidiary that produces and sells nitrile rubber (NBR). The reasons for the decision are uncertainty about securing procurements of primary materials over the long-term in the U.K., as well as the changing market environment....

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Rubber Companies Post Higher Revenues, Profits in First Half

The 25 listed rubber companies (including the two synthetic rubber manufacturers JSR Corp. and Zeon Corp.) have reported their earnings for the first six months (April-September) of fiscal 2015. Twenty of the 25 companies reported higher revenues, while 21 increased operating profits, 19 had higher ordinary income, and 20 increased net income. Seventeen increased both revenues and profits (sales, ordinary...

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