Construction Equipment Demand Forecast for 2023 Mar. 20, 2023. - The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its forecast for construction machinery demand in fiscal 2023 (April 2023-March 2024), with shipments expected to reach a record 3.05 trillion yen ($23.14 billion), up 341.5 billion yen from the previous forecast announced in August 2022. This would be the first time for the value of shipments to exceed 3 trillion […]
Bridgestone to Become Title Sponsor of FIA’s ecoRally Cup Mar. 20, 2023. - Bridgestone will join as title sponsor the FIA (Federation Internationale de l’Automobile) “ecoRally Cup,” a rally competition to determine the most efficient use of electricity by vehicles. The new event will be called the “Bridgestone FIA ecoRally Cup” and Bridgestone and the FIA will support the ecoRally Cup through a multi-year partnership agreement. The Bridgestone FIA ecoRally Cup will respond […]
Construction Equipment Demand Forecast for 2023 Mar. 20, 2023. - The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its forecast for construction machinery demand in fiscal 2023 (April 2023-March 2024), with shipments expected to reach a record 3.05 trillion yen ($23.14 billion), up 341.5 billion yen from the previous forecast announced in August 2022. This would be the first time for the value of shipments to exceed 3 trillion […]
Bridgestone to Become Title Sponsor of FIA’s ecoRally Cup Mar. 20, 2023. - Bridgestone will join as title sponsor the FIA (Federation Internationale de l’Automobile) “ecoRally Cup,” a rally competition to determine the most efficient use of electricity by vehicles. The new event will be called the “Bridgestone FIA ecoRally Cup” and Bridgestone and the FIA will support the ecoRally Cup through a multi-year partnership agreement. The Bridgestone FIA ecoRally Cup will respond […]
JATMA Supports End-of-Life Tire Removal Project in Kuma City Mar. 15, 2023. - The Japan Automobile Tyre Manufacturers Association (JATMA) has recently confirmed that the project for restoring Kama City to its original state through the removal of waste tires has been completed. JATMA decided on January 7, 2022 to grant support funds of 17.1 million yen ($128,000) to the city, receiving a letter of appreciation for its support. The association removed 250.14 […]
Continental Tire Japan to Launch New Performance Comfort Tire Mar. 8, 2023. - Continental Tire Japan will in April 2023 launch the PremiumContact 7 performance comfort tire, developed with a focus on maximum safety. The product will be available in 15 sizes ranging from 17 to 19 inches, and will be expanded gradually. The PremiumContact 7 adopts tailor-made construction according to vehicle size, weight, and drive system to accommodate a wide range of […]
Toyoda Gosei Enters Large High-Pressure Hydrogen Tank Market for Hydrogen-Powered Fuel Cell Trucks Mar. 10, 2023. - Toyoda Gosei, a member of the Toyota Group, has launched a large high-pressure hydrogen tank for fuel cell trucks that run on hydrogen, a market for which demand is expected to grow. The tanks are being used in the mass-market fuel cell light-duty trucks that Commercial Japan Partnership Technologies (CJPT), in which Toyota Motor, Isuzu Motors, and other companies have […]
Do-Yamamoto Establishes Subsidiary in India Dec. 23, 2022. - Industrial hose assembler and seller Do-Yamamoto has established Do-Yamamoto Engineering India in Karnataka, India, in order to respond to the expanding overseas plant market. Until now, Do-Yamamoto has been developing industrial hoses for energy, chemical, and industrial projects in Southeast Asia and the Middle East, but by establishing a local subsidiary in India, the company will strengthen its business base […]Fujikura Composites to Expand Curved Surface Printing Blanket Business Overseas Mar. 17, 2023. - Fujikura Composites said that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was sluggish, but the weak yen helped drive strong exports, which drove performance. Another positive factor was the penetration of price increases implemented in the previous fiscal year. […]
Tosoh Raises Price of Calcium Chloride Solution Mar. 9, 2023. - Tosoh will raise the price of calcium chloride solution by more than 12 yen ($0.09) per kilogram (solid equivalent) beginning with shipments on March 21. Regarding the price increase, Tosoh said, “We have been implementing all kinds of cost reduction measures to improve the profitability of our business and have been striving to ensure a stable supply of our products. […]
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 […]
Lanxess Develops Tool to Automatically Calculate Carbon Footprint of Products Mar. 16, 2023. - Lanxess has developed the Product Carbon Footprint Engine, a tool that automatically calculates the carbon footprint of its products. The tool uses existing data accumulated by the company’s divisions to calculate the emissions generated from the extraction of raw materials to the shipment of products to factories, following a cradle-to-gate approach in the product lifecycle. In addition to carbon emissions […]
Sumitomo Rubber Develops Race Tires With 38% Sustainable Raw Materials Mar. 7, 2023. - Sumitomo Rubber has developed a race tire with a sustainable raw material ratio of 38%, using biomass and recycled raw materials. The tire utilizes natural rubber, raw materials derived from natural sources, and materials recycled from recycled steel. Compared to conventional race tires, this tire uses a higher percentage of sustainable raw materials. The tires have been installed on the […]
Yokohama Rubber Donates 40 Tires to Mie Prefecture for Use on Vaccine Transport Vehicles Jun. 18, 2021. - Yokohama Rubber Co. Ltd.’s (TYO:5101) Mie Plant has donated 40 tires for vaccine transport vehicles to Mie Prefecture, providing these on June 1. This comes as part of the plant’s efforts to help out the local community and support medical countermeasures against COVID-19. The donated tires have been fitted to official vehicles used for transporting COVID-19 vaccines to hospitals, health […]Bando Chemical Offers Employees Paid Leave for COVID-19 Vaccination Jun. 10, 2021. - Bando Chemical Industries Ltd. (TYO:5195) is bringing in special paid leave days for its employees to get vaccinated against COVID-19. By providing this paid leave, the transportation and conveyor belts manufacturer aims to reduce health risks from COVID-19 and help prevent its spread. However, the company will only recommend vaccination rather than require it, leaving it up to each individual […]
METI Report: Shipment Value of Rubber Products up 5.1% in 2022 Mar. 2, 2023. - According to the Feb. 14 report on rubber product production and shipments published by the Ministry of Economy, Trade and Industry (METI), the total value of rubber product shipments in 2022 (January-December) was 2.3 trillion yen ($22.72 billion), up 5.1% from the previous year, marking the second consecutive year of year-on-year growth. By product category, the value of rubber products […]
Carbon Black Demand Forecast for 2023 Mar. 1, 2023. - The Carbon Black Association of Japan recently compiled a forecast for carbon black demand in 2023, which is expected to be 727,250 tons, up 3.4% from the previous year. This is based on economy showing signs of improvement, such as a recovery in consumer behavior, a resurgence in capital investment, and an increase in exports, as the coronavirus pandemic has […]
