Daicel, Toyoda Gosei to Enter Into Capital Alliance, Strengthen Collaboration

Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...

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Yokohama Rubber to Sell Revamped Flat Tire Repair Kit

Yokohama Rubber Co. Ltd. (TYO:5101) has announced that the Airlock One, a new version of the company’s Airlock emergency flat tire repair kit, will launch on June 1. While the Airlock One’s predecessor was offered as a two-piece type, which required a connection between the emergency repair liquid bottle and a compressor to fill tires with repair liquid and air,...

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Sumitomo Rubber Executive Explains New, Ride-Improving Shinobi Technology

Sumitomo Rubber Industries Ltd. (TYO:5110) has significantly boosted the noise suppression and ride comfort performance of its Le Mans V fuel-efficient tire by employing the company’s new Shinobi technology. Japan Rubber Weekly recently sat down with Sumitomo Rubber Sales Planning Manager Mamiko Kadoya from the company’s domestic tire replacement sales headquarters to discuss the Le Mans V and the new...

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Ube Industries Aims to Start Full Operations of Malaysian BR Joint Venture This Year

Ube Industries Ltd.’s (TYO:4208) butadiene rubber (BR) joint venture factory in Malaysia, Lotte Ube Synthetic Rubber Sdn. Bhd. (LUSR), expects to start fully operating in the second half of the current fiscal year. Synthetic rubber is one of the business areas designated for aggressive expansion in Change & Challenge 2018, Ube Industries’ three-year medium-term business plan launched in fiscal 2016....

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Nishikawa Rubber Taps Yoshitomo Fukuoka to Be New President

Nishikawa Rubber Co. Ltd. (TYO:5161), a rubber manufacturer of automotive parts such as weatherstrips and seal material, unofficially selected a new president at a board meeting convened on May 12. The company offered the position of president and CEO to Managing Director Yoshitomo Fukuoka, aged 64. The decision will be formalized at a regular shareholder and board meeting scheduled for...

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Osaka Soda Sees Revenue Decline Despite Sales Spike for Epichlorohydrin Rubber

Chemicals manufacturer Osaka Soda Co. Ltd. (TYO:4046) has released its business results for the fiscal year ending in March 2017. The company saw sales of 93.59 billion yen ($840.94 million), a year-on-year decrease of 8.4 percent; operating profit of 6.59 billion yen, an increase of 2.2 percent; ordinary income of 6.54 billion yen, an increase of 1.5 percent; and net...

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