Zeon elastomers business hit by slow automotive

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 segments – fell 8% year-on-year to Yen47.1 billion in the three months to end of June, the Japanese materials supplier announced 31 July.

Similarly, sales volume fell 8% to 147 kilotonnes, as all business units reported a decline.

Read the source article at European Rubber Journal