Japanese rubber industry news
JSR to Complete 115B Yen Transfer of Elastomers Business to Eneos in April 2022 May. 14, 2021. - Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since […]
Companies Face Hurdles in Efforts to Bring Employees Back from COVID-Stricken India May. 13, 2021. - A number of Japanese companies are looking to bring stationed employees back home from India, where the rate of COVID-19 infection has surged of late. Zeon Corp. (TYO:4205) has already finished bringing back employees from local subsidiary Tokyo Zairyo Co. Ltd., while the likes of Yokohama Rubber Co. Ltd. (TYO:5101) and Sumitomo Rubber Industries Ltd. (TYO:5110) too are moving to […]
JSR to Complete 115B Yen Transfer of Elastomers Business to Eneos in April 2022 May. 14, 2021. - Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since […]
Bridgestone Plants Receive Top Rating from Caterpillar’s Supplier Rating Program May. 12, 2021. - Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo […]
Bridgestone Plants Receive Top Rating from Caterpillar’s Supplier Rating Program May. 12, 2021. - Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo […]
Bridgestone to Invest 10.2B Yen Into Upgrading Flagship Plant for Mining and Construction Tires Apr. 28, 2021. - Bridgestone Corp. (TYO:5108) is looking to improve a range of facilities at its Shimonoseki Plant, the company’s flagship production base for mining and construction vehicle tires. The investment here is set to total 10.2 billion yen ($93.64 million), with construction slated to begin in 2022 and be completed by the end of 2025. This project comes as part of Bridgestone’s […]
Sumitomo Rubber Launches New Long-Pile Artificial Turf With Improved Flexibility Apr. 26, 2021. - Sumitomo Rubber Industries Ltd. (TYO:5110) has launched Hibrid-Turf EXII, a new long-pile artificial turf product designed specifically for use in sports. The new product is the successor to the original Hibrid-Turf EX, which was launched in 2015 for use as a long-pile artificial turf in sports and has since been fitted across more than 500,000 square meters. The EXII offers […]
Bridgestone’s Conveyor Belt Business Sees Domestic Sales Slip Amid COVID-19 Apr. 22, 2021. - Sales revenue from Bridgestone Corp.’s (TYO:5108) domestic conveyor belt business fell slightly year-on-year for the first half of calendar 2020, the company has revealed. While conveyor belt sales to the iron and steel industry were largely unchanged from the previous year, those to more general users were down due to customers putting plans on hold amid COVID-19, causing the business’s […]
JSR to Complete 115B Yen Transfer of Elastomers Business to Eneos in April 2022 May. 14, 2021. - Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since […]
Zeon Posts Sales Decline for Elastomer Business in FY2020 Results May. 11, 2021. - Zeon Corp. (TYO:4205) has posted its business results for fiscal 2020, revealing sales revenue of 301.96 billion yen ($2.77 billion), down 6.2 percent year on year, and an operating income of 33.41 billion yen, up 28 percent. Speaking at the results briefing, company director Kazuyoshi Matsuura said that with customer industries having made a recovery in recent months, the January–April […]
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 […]