Bridgestone Corp. (TYO:5108) has released its business results for the first half of calendar 2018, showing 1.9 percent year-on-year sales growth to total 1.78 trillion yen ($15.98 billion) for the period. Meanwhile, the company’s operating profit fell 1.4 percent to 199.43 billion yen, ordinary profit was down 2.6 percent to 190.76 billion yen, and net profit was up 2.1 percent...
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Lanxess AG recently announced that it signed an agreement on Aug. 8 to sell its 50 percent stake in Arlanxeo, a manufacturer of synthetic rubber, to state-owned Saudi Arabian Oil Co. The German-based specialty chemicals manufacturer first established Arlanxeo in 2016 as a 50–50 joint venture with the Saudi firm, which is also known as Saudi Aramco. The sale is...
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Sumitomo Rubber Industries Ltd. (TYO:5110) announced on Aug. 7 that it has established production facilities for truck and bus tires at its South Africa Factory, beginning production for this on July 19. Having invested approximately 970 million rand ($64.73 million) into the facilities, the company expects that production capacity will get up to 750 truck and bus tires per day...
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Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net...
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Japan’s total production of rubber belts for January–June declined 2 percent year-on-year to 13,169 tons, according to a set of rubber and resin belt statistics recently released by the Japan Belting Manufacturers Association. Factors behind this included a fall in domestic demand for conveyor belts and flat demand, both domestically and in exports, for transmission belts. Looking specifically at rubber...
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Japan Rubber Weekly recently conducted a survey on business conditions in the rubber and resin industries, targeting 157 major domestic product manufacturers. With 115 of these companies sending back answers, the response rate was 73.2 percent. The results showed that while business conditions are fair, respondents are concerned by labor shortages, surging logistics costs and trends to raw material prices....
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