Japanese rubber industry news
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 […]
Bridgestone to Sell off Chinese Synthetic Rubber Subsidiary by Mid-December Jun. 17, 2021. - Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou, […]
Bridgestone to Sell off Chinese Synthetic Rubber Subsidiary by Mid-December Jun. 17, 2021. - Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou, […]
Osaka Exchange Adds Three New TSR20 Futures Plants Jun. 15, 2021. - Osaka Exchange Inc. (OSE) designated three new factories on May 27 as approved sites for TSR20 rubber futures. The addition of these approved factories comes in aim of improving liquidity in the TSR market. Following the move, there are now a total of 24 factories approved as TSR20 sites, with all of these located in Thailand. The three factories added […]
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 […]
Bridgestone to Sell off Chinese Synthetic Rubber Subsidiary by Mid-December Jun. 17, 2021. - Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou, […]
Mitsui Chemicals Starts Developing Market for New Film With Permeability for Specific Gases Jun. 14, 2021. - Mitsui Chemicals Inc. (TYO:4183) has begun working to develop a market for a new heat-sealable film that enables selective high gas permeability. This ability for selective high permeation of a specific gas is what makes this film stand out. Meanwhile, it can form a heat seal at a lower temperature than other resin films. Other films have also allowed high […]
Bridgestone Looks to Expand Air Spring Production Capacity in US Jun. 3, 2021. - Bridgestone Americas Inc. has announced that subsidiary Firestone Industrial Products LLC (FSIP) is set to boost its production capacity for air springs at a plant in Williamsburg, Kentucky. Total investment in this expansion is slated to come to $51 million, with construction to begin in the second quarter of this year and wrap up by the end of 2022. The […]
Trading Firm Kato Sansho Jointly Develops Biomass Additive Series Jun. 7, 2021. - Kato Sansho Co. Ltd. has worked with Ichinen Chemicals Co. Ltd. to develop One Bio, a series of biomass additives derived from plants. One Bio B-001 is an 80 percent plant-derived additive that can be simply mixed with polyethylene (PE) and polypropylene (PP) – materials which make up around half of Japan’s plastics market – to raise the biomass content […]
Asahi Kasei Projects Sales and Income Growth for 2021 Following Decline in 2020 May. 27, 2021. - Asahi Kasei Corp. (TYO:3407) has reported its business results for fiscal 2020, showing a year-on-year decline to both sales and income metrics. The company posted sales revenue of 2.11 trillion yen ($19.33 billion), down 2.1 percent year-on-year; operating income of 171.81 billion yen, down 3.1 percent; ordinary income of 178.04 billion yen, down 3.2 percent; and net income of 79.77 […]
Interview: Toyoda Gosei President Toru Koyama Discusses Efforts to Balance New Initiatives With Existing Businesses Apr. 23, 2021. - Inaugurated as president of Toyoda Gosei Co. Ltd. (TYO:7282) last June, Toru Koyama stepped into the role amid a raft of major changes in the business environment – including COVID-19 as well as the accelerating trend in automotive electrification. Speaking recently with Japan Rubber Weekly, Koyama said for fiscal 2021 that he aims to see the company land a proper […]
Zeon President Kimiaki Tanaka Sees Promising Market for Specialty Elastomers Jan. 15, 2021. - Speaking recently about the future of his company’s business for elastomer materials, Zeon Corp. (TYO:4205) President Kimiaki Tanaka said COVID-19 has made it clear that there is strong global demand for specialty elastomers. This can also be interpreted, he said, to mean that elastomers without specialized characteristics will have to be offered at a low price if they are to […]