Zeon elastomers business hit by market slowdown

Tokyo, Japan – Zeon Corp.’s elastomers business has reported weaker first quarter results, on sluggish automotive demand and plant shutdowns.

Net sales for the elastomers segment – comprised of ‘rubbers’, latex and chemicals units – fell 8% year-on-year to Yen47.1 billion (€395.6million).

Sales volumes fell 8% to 147 kilotonnes (kt), as all business units reported a decline in the period to 30 June, Zeon added in its 31 July report.

Segment operating income for the three months fell 32% to Yen3.5 billion, due in part to fluctuations in…

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