Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
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Nexen Tire Japan Inc. has announced that it will start selling a new all-season tire, the Nexen Blue 4 Season, on Sept. 1. The product will be available in 18 sizes, ranging from 13 to 17 inches. The new product has adopted V-shaped grooves, improving its hydroplaning resistance and its performance on slush. Meanwhile, 3D sipes provide snow traction and...
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A survey conducted this July by Japan Rubber Weekly (JRW) was sent to senior executives from 169 domestic rubber and resin manufacturers, asking about their business outlooks and earnings forecasts. Of those who received the survey, 117 companies responded, making for a 69.2 percent response rate. When asked their thoughts on the future of the rubber industry, 55.8 percent of...
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Daikin Industries Ltd. (TYO:6367) established a new company in Thailand last month to engage in sales, technical support and marketing for fluorine chemical products. The new company, Daikin Chemical Southeast Asia Co. Ltd., will start doing business in January. Daikin hopes to expand its fluorine chemical business in the growing market of Southeast Asia. That effort will involve spurring demand...
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Safety and sanitary equipment manufacturer Midori Anzen Co. Ltd. last month began selling work gloves made by Sri Lankan glove maker Advanced Technology Group Inc. (ATG). All 28 models from ATG’s four series are available. Midori Anzen sells the gloves on the Internet and elsewhere. The leading product among ATG’s 28 models is the MaxiFlex Ultimate work gloves. They have...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and...
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