Yokohama Rubber Co. Ltd. (TYO:5101) is planning to establish a tire research & development center in the greater Charlotte area of the U.S.-state of North Carolina. Activities are scheduled to start this September. The company currently conducts research & development on tires for the North American market in several U.S. states and in Japan, but looks to consolidate the majority...
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With an ordinary income of 226.91 billion yen ($2.205 billion) in fiscal 2015, Bridgestone Corp. (TYO:5108) held the top spot among 165 major Japanese rubber manufacturers, found a survey published in the September issue of Japan Rubber and Elastomers, a monthly sister publication of Japan Rubber Weekly. For Bridgestone, this marked a 0.4 percent year-on-year decline. The number two, Toyo...
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Total sales for 165 major Japanese rubber manufacturers stood at 4.303 trillion yen ($42.069 billion) in fiscal 2015, according to a survey of non-consolidated business results published in the September issue of Japan Rubber and Elastomers, a monthly sister publication of Japan Rubber Weekly. Total sales for the 159 companies with comparable sales in fiscal 2014 were 4.267 trillion yen,...
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Exports of rubber products fell 20.6 percent year-on-year in June to 74.86 billion yen ($734.451 million), while imports fell 10.0 percent to 33.345 billion yen according to the Japan Rubber Manufacturers Association. Exports fell for the 11th straight month, while imports were down following an increase in May. Exports fell for 11 out of 15 categories in June, with automobile...
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Extruder manufacturer Steer Engineering Pvt. Ltd., India, has revealed that it will be investing approximately 2.5 billion yen ($24.46 million) in its Japanese branch, Steer Japan Corp., over the next 10 years. This comes with Steer having defined its course of action for Japan and its global strategy. Steer Engineering CEO Atanu Maity said that Japan continues to be an...
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Yokohama Rubber Co. Ltd. (TYO:5101) plans to lift its global production capacity of tires by the end of 2020 to 89 million units per annum, CEO Hikomitsu Noji recently announced. At the end of 2015, the company had an annual production capacity of 70.59 million units and has planned for 72.14 million units for the end of 2016, 74.19 million...
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