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Cheaper Raw Materials Help Tire Manufacturers Increase Profit (Part 1)

on November 19, 2015 in Market Background, Tires

In the first three quarters of 2015 (January–September), consolidated financial results for four Japanese tire manufacturers—Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd.—showed large gains in operating income thanks to low prices for crude oil, natural rubber and synthetic rubber. The lower raw material prices translated into gains for Bridgestone of...

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Sumitomo Riko Makes Global Push in Industrial Hoses

on November 19, 2015 in Industry, Products

Sumitomo Riko Co. Ltd. is stepping up its global strategy in industrial hoses. The company’s high-pressure hoses performed strongly in the Japanese market up to July but have softened since September. Sales of products for custom designed vehicles and dump trucks were also strong, but the previously robust machine tool business fell on lower exports. Sales in the repair market...

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Yokohama Rubber Hose Sales Hurt by Falling Construction Machinery Production

on November 18, 2015 in Industry, Products

Net sales in Japan for the hoses and couplings business of Yokohama Rubber Co. Ltd. dropped year-on-year in the first half of 2015 (January–June). Although the company began full-fledged sales of high-pressure hydrogen gas hoses for hydrogen filling stations and received a boost in sales from new automobile hose products, hydraulic hose sales shrank due to lower output by construction...

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Sumitomo Rubber Develops Biomass Materials for Tires

Sumitomo Rubber Develops Biomass Materials for Tires

on November 18, 2015 in Materials, Tires

Sumitomo Rubber Industries Ltd. announced at a recent press conference that it is developing highly functional biomass materials for tires. Conventional rubber used in tires contains oil from fossil resource as a softener. The problem, however, is that the oil gradually leaches out of the rubber, causing tires to harden. Sumitomo Rubber solved this problem by using plant-based oil as...

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Bridgestone Americas Acquires TireConnect

on November 17, 2015 in Tires

Bridgestone Corp. announced on Oct. 30, 2015 that group company Bridgestone Americas Inc. (BSA) would acquire TireConnect Systems. Announced by BSA on Oct. 22, the deal provides BSA with TireConnect Systems, a software company that supports tire dealers and distributors in North America (primarily Canada) with a tire Internet sales tool featuring e-commerce capabilities. Bridgestone, the world’s largest tire manufacturer,...

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Heat and oil resistant plastic hose

Totaku Develops 100-Degree Heat and Oil-Resistant Plastic Hose

on November 17, 2015 in Products

Major plastic hose manufacturer Totaku Industries Inc. has developed a new product for the food processing industry, the TAC Ecoline 100-degree heat-resistant and oil-resistant hose. The plastic hose can be washed with hot water (withstands continuous exposure to 100-degree Celsius liquid), something not possible with conventional plastic hoses. This makes it ideal for food processing industry applications where hygiene is...

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