Sumitomo Rubber Industries Ltd. (TYO:5110) is proceeding with revamping its North American plants and bringing in new equipment for use with current production, said President & CEO Ikuji Ikeda at a press conference last week. He added that, with a view to the future, the company will also adopt new production technology to increase production capacity for high-performance tires. Increasing...
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Sumitomo Riko Co. Ltd. (TYO:5191) has announced plans to establish a flexographic printing plate production site in Italy. The investment of 5 million euros ($5.22 million) in Turin province is part of the company’s efforts to develop the European market. With operations scheduled to start from beginning of 2018, the project is expected to contribute to achieve 14 million euros...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) will start shifting from thermal energy sources to natural gas at its Sendai automobile tire manufacturing plant in Iwanuma, Miyagi Prefecture. The Sendai plant has been Toyo Tires’ manufacturing base for automobile tires for more than half a century since 1962. Until now, it has utilized the burning of coal and used tires...
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The Japan Automobile Tyre Manufacturers Association (JATMA) has announced its 2016 estimates for domestic demand of automobile tires, together with its forecast for 2017. According to the association, domestic demand in 2016 was in line with the previous year at 117.87 million units, and a virtually identical demand of 118.19 million units is anticipated for 2017. This demand estimate is...
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Power transmission and materials handling systems manufacturer Tsubakimoto Chain recorded favorable sales of power transmission belts for the first half of the fiscal year (April–September 2016), up about 3 percent year-on-year. Power transmission belts for automobiles and robots rose during the period. Sales for automobiles grew with the increase in models using power sliding doors and other devices, while sales...
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Production of automobile tires and tire tubes was 93,934 tons in terms of rubber volume for October, up 0.7 percent year-on-year, according to the Japan Automobile Tyre Manufacturers Association (JATMA). Production rose for the first time in 22 months in September, and albeit small, year-on-year production rose for the second consecutive month in October. The production volume was up in...
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