Japanese Manufacturers, Arlanxeo Increase Prices for Chloroprene Rubber

A string of price hikes is taking place with chloroprene rubber (CR) in the international market. Japanese companies Denka Co. Ltd. (TYO:4061), Tosoh Corp. (TYO:4042) and Showa Denko KK (TYO:4004) each have announced price increases, as has Netherlands-based Arlanxeo. The companies say that the reason for the price hikes is to ensure a stable product supply, as there is no...

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Value of Construction Equipment Shipped Down Almost 11% for August

The value of construction equipment shipped in August fell 10.9 percent year-on-year, the 13th consecutive month of decline, according to data compiled by the Japan Construction Equipment Manufacturers Association (CEMA). Export demand fell for the 16th consecutive month, while Japanese demand fell for the fifth straight month. Japanese demand grew for five types of equipment such as construction cranes, concrete...

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Industry Union Holds Rubber 101 Classes for New Employees

Kansai-based Seibu Rubber Product Wholesale Industry Union recently held educational seminars on basic rubber knowledge. The seminars were open to employees from each of the industrial rubber trading firms that comprise the union. Launched as part of a project aimed at developing human resources, the course was targeted toward young and mid-level employees. Lecturers were invited from Irumagawa Rubber Co....

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Mazda Selects Bridgestone’s Potenza Tires for Roadster RF

Bridgestone Corp. (TYO:5108) will supply Potenza tires to Mazda Motor Corp. (TYO:7261) as original equipment tires for the Roadster RF, for which Mazda started taking orders in November. The Potenza S001 – the model being supplied as original equipment tires to the Roadster RF – is instrumental in the vehicle realizing its features of superior handling, stability and maneuverability. Many...

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New Balance Opens Japan’s First Global Flagship Store in Harajuku

New Balance Japan Inc. has opened its first Japan-based global flagship store, New Balance Harajuku, located on Meiji-dori Road, Harajuku, Tokyo. New Balance Japan President Tomoo Tomita said that, with the brand facing significant changes, he wants to show customers what form the brand will take as it moves into its next stage. He spoke also of his aim to...

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Japanese Rubber Companies Heavily Revise Earnings Projections

As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...

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