Bridgestone to Raise Winter Tire Prices 6%

Bridgestone Corp. (TYO:5108) will raise the prices of its winter tires for passenger cars and vans by 6 percent beginning on September 1. A Bridgestone spokesperson cited higher prices for the natural rubber used to make the company’s tires, as well as synthetic rubber and other petrochemical ingredients. The spokesperson says that the decision to raise prices was taken only...

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Tokyo Zairyo Achieves Seventh Straight Year of Record Ordinary Profit

Zeon Corp. (TYO:4205) subsidiary Tokyo Zairyo Co. Ltd. has announced its results for the year ending March 2017. The raw material trading company has reported 87.17 billion yen ($769.82 million) in sales, 1.94 billion yen in ordinary profit and 1.44 billion yen in net income. While sales were down 0.9 percent from a prior year, ordinary profit and net income...

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Mitsubishi Chemical Launches New Grade of TPC for Automotive Use

Chemical maker Mitsubishi Chemical Corp. has developed a new grade of Tefabloc, a thermoplastic copolyester elastomer (TPC). Tefabloc has TPC’s unique high degree of resistance to heat, oil and abrasion while excelling in thermal adhesiveness with hard materials such as polycarbonate and acrylonitrile butadiene styrene (ABS) resin. The product has been widely adopted in the two-color molding field, primarily for...

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Bridgestone Details Environmental Goals, CSR Commitments in New Sustainability Report

Bridgestone Corp. (TYO:5108) recently published its Sustainability Report 2016, detailing the company’s approach and progress toward sustainability. Inside, Bridgestone outlines its new corporate social responsibility (CSR) system, Our Way to Serve, first announced in March of this year. The report also explains the reasoning behind the system, and the three priority areas that drive it: mobility, people and the environment....

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