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Denka Co ( (JP:4061) ) just unveiled an update.
Denka Co., Ltd has announced the suspension of production at its U.S. subsidiary, Denka Performance Elastomer LLC, due to new environmental regulations on chemical emissions. Despite a two-year extension on the regulatory grace period, the company is maintaining its production halt, focusing on safely decommissioning equipment and managing existing inventory to minimize costs.
The most recent analyst rating on (JP:4061) stock is a Buy with a Yen3040.00 price target. To see the full list of analyst forecasts on Denka Co stock, see the JP:4061 Stock Forecast page.
More about Denka Co
Denka Co., Ltd operates in the chemical industry, focusing on the production of synthetic rubber and other chemical products. The company has a significant market presence in the manufacturing of chloroprene rubber through its subsidiary, Denka Performance Elastomer LLC (DPE), based in the U.S.
Average Trading Volume: 487,273
Technical Sentiment Signal: Sell
Current Market Cap: Yen181.7B
Learn more about 4061 stock on TipRanks’ Stock Analysis page.