Japanese rubber industry news
NOK’s Sealing Business With Lower Sales and Profits on Automobile Production Cutbacks Aug. 9, 2022. - NOK’s results for the first quarter of the fiscal year ending March 31, 2023 (April-June 2022) showed sales of 161.031 billion yen ($1.193 billion), up 2.7 percent year-on-year; operating loss of 1.394 billion yen (versus 6.882 billion yen profit in the same period last year); ordinary income of 4.941 billion yen, down 54.6 percent; and net income of 2.053 billion […]
Tosoh Maintains Steady Chloroprene Rubber Results Year-on-Year Aug. 9, 2022. - Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents […]
Bridgestone to Increase Hydraulic Hose Production Capacity in Thailand Aug. 8, 2022. - Bridgestone will increase production capacity at Bridgestone NCR (BSNCR) in Thailand, a global supply base for hydraulic hoses. The total investment will be around 4.9 billion yen ($36.3 million). Capacity will be gradually built up starting in the second quarter of 2025, with global production capacity to be increased by approximately 30 percent from the current level by the first […]
Survey: Current Economic Conditions of Japanese Rubber Makers – Part 2 Aug. 5, 2022. - This article follows part 1 in a series of 2 on a Japan Rubber Industry survey conducted in July of the rubber and plastic product manufacturing industry regarding business conditions and outlook conducted. In the “Fiscal 2022 Earnings Forecast (Plan),” sales continue to recover, but the outlook for ordinary income is divided. The largest share of companies expect “single-digit increase” […]
Goodyear Participates in Tire Development for Lunar Exploration Vehicle Aug. 4, 2022. - Goodyear will participate in the development of tires for lunar rover vehicles in collaboration with U.S.-based company Rocky Road Martin. The tire maker has supplied key products to NASA’s Apollo Program, symbolized by Apollo 11, the first successful human landing on the moon 53 years ago. The new joint development continues the tradition of tire development that enables driving under […]
Bridgestone to Launch Studless Tires for SUVs Aug. 3, 2022. - Bridgestone will add 10 sizes exclusively for SUVs to the lineup of its premium studless tire Blizzak VRX3. The new sizes will go on sale sequentially from October 1. Blizzak, Bridgestone’s leading winter tire brand, was created in 1988 to contribute to safer and more reliable driving on icy and snowy winter road surfaces. The Blizzak VRX3, launched in 2021, […]
Bridgestone to Increase Hydraulic Hose Production Capacity in Thailand Aug. 8, 2022. - Bridgestone will increase production capacity at Bridgestone NCR (BSNCR) in Thailand, a global supply base for hydraulic hoses. The total investment will be around 4.9 billion yen ($36.3 million). Capacity will be gradually built up starting in the second quarter of 2025, with global production capacity to be increased by approximately 30 percent from the current level by the first […]
Achilles Backs Athlete’s Push to Break Guinness World Record in Rope Skipping Aug. 4, 2022. - Shoe manufacturer Achilles is supporting Akitoshi Moriguchi in his push to break a Guinness World Record for rope skipping. Moriguchi, a professional rope skipper, is aiming to be the first in the world to achieve eight revolutions in a single skip. And to support this endeavor, Achilles is providing him with its Hyper Jumper shoes, which utilize Acrofoam – a […]
Tosoh Maintains Steady Chloroprene Rubber Results Year-on-Year Aug. 9, 2022. - Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents […]
Asahi Carbon Raises Price of Carbon Black Effective August 1 Aug. 8, 2022. - Asahi Carbon said that it has raised the price of all carbon black products for rubber by 46.3 yen ($0.34) per kilogram for deliveries from August 1. The company said that oil market conditions continue to be tight and that the price of the carbon black feedstock oil continues to rise due to deteriorating global conditions and the weakening of […]
Toyoda Gosei President Toru Koyama Discusses Plans to Pursue Carbon Neutrality, Support Rise of EVs Feb. 1, 2022. - Toru Koyama, president of Toyoda Gosei Co. Ltd. (TYO:7282), gave some insight recently into the company’s plans for 2022, which will center around improving corporate value and striving to meet the targets of the company’s medium-term plan. Giving his predictions for fiscal 2022, Koyama said that given Omicron and numerous other uncertainties, he believes it may still be another year […]
Sumitomo Riko President Shines Light on Plans to Get Results From Structural Reform Starting 2023 Jan. 12, 2022. - Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu recently spoke about current efforts being made by the company, highlighting here the good progress being made on the structural reform it has been pursuing of late. And with this in mind, plans going forward are to achieve growth for both auto parts and general industrial products, he said. Shimizu noted here […]