
Yokohama Rubber Expects to Grow Revenue, Profits for 2021 on Back of Strong Tire Sales Feb. 26, 2021. - Yokohama Rubber Co. Ltd. (TYO:5101) has released its results forecast for calendar 2021. The company expects to generate 620 billion yen ($5.83 billion) in sales revenue for the year, up 8.7 percent year-on-year; 50 billion yen in business profit, up 35.9 percent; and net profit of 34.5 billion yen, up 31.1 percent. Looking at the upward and downward factors on […]

Michelin Moves to Build First Tire Recycling Plant Feb. 24, 2021. - The Michelin Group is set to build its first tire recycling plant, locating this in the Antofagasta region of Chile as a joint venture with Swedish-based Scandinavian Enviro Systems AB (Enviro). Construction on the plant is slated to begin this year, with production then beginning in 2023. The project is expected to require an investment of around $30 million. Enviro […]


Michelin Moves to Build First Tire Recycling Plant Feb. 24, 2021. - The Michelin Group is set to build its first tire recycling plant, locating this in the Antofagasta region of Chile as a joint venture with Swedish-based Scandinavian Enviro Systems AB (Enviro). Construction on the plant is slated to begin this year, with production then beginning in 2023. The project is expected to require an investment of around $30 million. Enviro […]
Denka Releases Video Showcasing Company Efforts to Supply Ingredients for Antiviral Drug Avigan Feb. 8, 2021. - Denka Co. Ltd. (TYO:4061) has released an approximately eight-minute video documenting its project to supply diethyl malonate for use in Avigan, an antiviral drug being touted as a potential treatment for COVID-19. The video has been made available on the company’s website. The video brings to life the story of how Denka, responding to a government request, managed to get […]

Denka Takes Hit to Sales Results Despite Recovery for Chloroprene Rubber Feb. 10, 2021. - Denka Co. Ltd. (TYO:4061) has released its business results for the first three quarters of fiscal 2020. The company revealed sales revenue of 261.99 billion yen ($2.51 billion) for the April–December period, down 9.2 percent year-on-year; an operating income of 28.03 billion yen, up 16.7 percent; an ordinary income of 27.3 billion yen, up 20.2 percent; and a net income […]
Sumitomo Riko President Kazushi Shimizu Eyes Electric-Powered Vehicles as Driver of Business Growth Jan. 13, 2021. - Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu spoke recently about the expectation of growth in the electric-powered vehicle market, describing the trend as something that should benefit his company going forward. And already, he said, Sumitomo Riko is doing well at securing orders for new products in this field. Shimizu said that given the policies of national and local […]

