Yokohama Rubber’s Philippine Subsidiary Celebrates 20th Anniversary of Founding

Yokohama Tire Philippines Inc. (YTPI), a passenger car tire manufacturing and sales subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101), held a ceremony on Nov. 26 at the Quest Hotel in the Clark Special Economic Zone (CSEZ) where YTPI is located. This event was held to commemorate the 20th anniversary of the company’s founding. Around 230 guests attended the ceremony. Attendees...

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Production of Cars Using Gates Unitta Asia’s Timing Belt-in-Oil Systems Now Underway in China

Production of automobiles using timing belt-in-oil systems from Gates Unitta Asia Co. is now underway in China. As the company started supplying timing the systems only from beginning of this year, volumes are not that large yet, said Vice President Shuji Miyamoto of Gates Unitta Asia. However, from next year onward the company expects sales volumes of automobiles with timing belt-in-oil...

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Asahi Kasei to Hike Price of Thermoplastic Elastomers

Asahi Kasei Corp. (TYO:3407) will hike prices on products such as clear styrenic copolymers and styrenic thermoplastic elastomers, commencing with shipments from Dec. 1. The price hike applies to the following products at the levels noted. Clear styrenic copolymer, Asaflex, 15 yen ($0.13) or more per kilogram Styrenic thermoplastic elastomers, such as Tufprene and AsapreneT, 25 yen or more per...

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Zeon, Sumitomo Chemical to Merge S-SBR Operations in New Venture

Zeon Corp. (TYO:4205) and Sumitomo Chemical Co. Ltd. (TYO:4005) have entered into a partnership contract to integrate their solution-styrene butadiene rubber (S-SBR) business operations under a joint venture firm to be established on Dec. 8. According to the contract, ZS Elastomers Co. Ltd. (ZSE) will be established as a wholly owned Zeon subsidiary using a capital investment of 450 million...

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Bridgestone CEO Tsuya Positive on Trump Presidency in Immediate Future

Bridgestone Corp. (TYO:5108) CEO and Chairman Masaaki Tsuya recently offered his perspective on U.S. President-elect Donald Trump’s plans to pull out of the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP). Speaking at a press conference held on Dec. 5, Tsuya said that these moves could in the near term have a positive effect on tires and...

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Tokokosen Expands Efforts to Increase Sales in China, Asia: Report

Tokokosen Corp. is making moves to bolster revenues, asserting its efforts into the sale of lithium-ion batteries (LiBs). The company, specializing primarily in Chinese trade, industrial materials and garments, also markets automotive materials, tire cords and chafers for parts, base fabric for belts, base fabric and cord for hoses, as well as material for air bags. Chairman and Managing Director...

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