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An update from Denka Co ( (JP:4061) ) is now available.
Denka Co., Ltd has announced the suspension of production at its U.S. subsidiary, Denka Performance Elastomer LLC, which manufactures chloroprene rubber. The company is actively working on safely decommissioning its manufacturing facilities by removing hazardous materials and is in discussions with stakeholders to minimize future costs. The transition to using products from the Denka Omi Plant for former DPE product users has been completed, and nearly all inventory has been shipped, indicating a strategic shift in operations.
The most recent analyst rating on (JP:4061) stock is a Hold with a Yen2308.00 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 is involved in the chemical industry, with a focus on manufacturing products such as chloroprene rubber through its subsidiary, Denka Performance Elastomer LLC (DPE). The company is known for its production capabilities in the field of elastomers and other chemical products.
YTD Price Performance: 6.08%
Average Trading Volume: 455,386
Technical Sentiment Signal: Hold
Current Market Cap: Yen195.3B
See more data about 4061 stock on TipRanks’ Stock Analysis page.