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Bridgestone Announces Motorsport Plan for 2017, Supports Activities Around the Globe

on March 8, 2017 in Tires

According to its recently announced motorsport plan for 2017, Bridgestone Corp. (TYO:5108) will during this year support numerous teams, drivers, and riders in a variety of events from top-level races to grassroots motorsports. Among branding and marketing initiatives through various sports events, the company views motorsports as an important communication platform that is directly linked to its tire business. Participating...

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Hose Assembly Sales Down 3% for 2016, Industrial and Plastic Hoses Recovering

on March 7, 2017 in Market Background

Sales of hose assemblies fell 3 percent year-on-year to 60.985 billion yen ($53.48 million) for January–December 2016, according to the Japan Hose Coupling Association (JHCA). It marks a regression to the negative after a 5-percent year-on-year increase in 2015. By category, the distribution ratio of industrial rubber hoses was at 67.7 percent; automotive rubber hoses, 15.2 percent; and plastic hoses,...

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Construction Machinery High-Pressure Hoses Ride Upward Momentum in Demand

on March 7, 2017 in Industry, Market Background

Demand is bouncing back for high-pressure hoses used in construction machinery and machine tools, coming against a backdrop of increased demand for construction machinery. According to machinery order statistics released by the Cabinet Office of Japan, orders have been up for five consecutive months, running back to August 2016. The other major source of demand, machine tools, remains in contrastingly...

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Arlanxeo Hikes Price for Chloroprene Rubber

on March 6, 2017 in Materials

Arlanxeo announced on March 1 a same-day price increase for its Baypren chloroprene rubber (CR) across South America, Europe, the Middle East, Africa and Asia. With the markup, the price now becomes 700 euros per ton. The company said that the decision for the price hike came on account of production costs and overall market trends over the last several...

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Japan’s Rubber Product Exports, Imports Down for 2016

on March 6, 2017 in Market Background, Products

Japan’s export value of rubber products for 2016 decreased 16.1 percent year-on-year, falling to 819.4 billion yen ($7.18 billion), while import value fell 8.5 percent to hit 392.6 billion yen, according to data compiled by the Japan Rubber Manufacturers Association from the Trade Statistics of Japan. It was the third consecutive year of decline in value for exports and the...

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Toyoda Gosei Installs LNG Equipment in Japanese Plant

on March 3, 2017 in Products

Toyoda Gosei Co. Ltd. (TYO:7282) said it is installing liquefied natural gas (LNG) equipment at its Morimachi Plant and switching boiler fuel from heavy oil to LNG. The company eyes to start operations within February 2017. It is also planning to switch the liquefied petroleum gas (LPG) currently used in the heating furnaces in production processes to LNG by February...

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