Zeon

Zeon reports further drops in nine-month results

Tokyo – Zeon Corp has reported a year-on-year fall in sales and profits in the first nine months of its fiscal 2016, ended 31 Dec 2016.

In its 9-month results statement 30 Jan, the Japanese speciality chemicals company said sales in elastomers business fell by 12% to Yen112 billion (€928 million) while operating income dropped 17% to Yen13.5 billion in the three quarters.

In terms of volumes, rubber sales dropped 5% to 224 kilotonnes with domestic sales of general purpose rubber seeing a 10% decline and exports…

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