Yokohama Rubber Emphasizes Truck and Bus Tire Sales Growth in Latest Management Plan

Yokohama Rubber Co. Ltd. (TYO:5101) is targeting sales of 700 billion yen ($6.56 billion), an operating profit of 70 billion yen and a return on equity of 10 percent under international financial reporting standards (IFRS) for its new medium-term management plan. Named “Grand Design 2020,” the plan is set to run through to 2020. Company president Masataka Yamaishi said that...

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Mitsui Chemicals Announces Open-Lab Event to Promote Materials

Mitsui Chemicals Inc. (TYO:4183) has announced that it will run the Mitsui Chemicals Material Oriented Laboratory (MOLp) – part of the company’s cross-organizational open-lab activities – for five days from March 7–11. This will take the form of an event the company is calling MOLpCafe, where visitors will be able to experience the appeal of a range of different materials....

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Sumitomo Riko Lauded for Application of Anti-Vibration Rubber to Table Tennis Rackets

Sumitomo Riko Co. Ltd. (TYO:5191) has been in the limelight after its co-development of Q3, a rubber for use in table tennis rackets, with sporting goods manufacturer Mizuno Corp. (TYO:8022). While product supply in the sports industry is a first for Sumitomo Riko, the company has been able to leverage its know-how, cultivated over many years, in both anti-vibration rubber...

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Nishikawa Rubber Sees Double-Digit Sales Growth, Net Profit Recovery Over First Three Quarters

Auto parts maker Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its results for the first three quarters of fiscal 2017, showing sales to be up by 11.1 percent year-on-year to 71.28 billion yen ($667.89 million). Operating profit for the April–December period was down 3.4 percent to 5.92 billion yen year-on-year, while ordinary profit was up 6.7 percent to 7.08 billion...

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Toyo Tires Announces Change to Trade Name

Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on Jan. 15 a change in its trade name to Toyo Tire Corp. The decision by the board of directors came earlier that day, and the change is set to come into effect on Jan. 1, 2019. During an earnings briefing held on the day of the announcement, Toyo Tires President Takashi...

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China Rubber Conference 2018 Expected to Draw 1,000 Rubber Experts From 20 Countries

The China Rubber Conference this year is set to be held over the four days of March 27–30 at Shangri-La Hotel, Qingdao, located in the eastern province of Shandong. Sponsored by the China Rubber Industry Association (CRIA) since 2006, the conference serves as an annual general meeting concerning the rubber industry, and is the largest such event to cover a...

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