Synthetic rubber manufacturer JSR Corp. (TYO:4185) has posted sales of 122.26 billion yen ($1.1 billion) for the first quarter of fiscal 2018, up 20.9 percent from the same quarter last year. Meanwhile, the company’s operating profit was down 9.6 percent year-on-year to 11.48 billion yen, with its net profit falling 5.4 percent to 8.94 billion yen. Sales at JSR’s elastomers...
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China has issued a preliminary ruling on an anti-dumping duty targeting nitrile rubber (NBR) imports from Japan and South Korea. This follows the country’s Ministry of Commerce having announced this duty on July 16. Under the new anti-dumping duty, Japan’s Zeon Corp. (TYO:4205) is required to pay a deposit of 30 percent on its NBR exports to China, with this...
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Nihon Michelin Tire Co. Ltd. recently announced that it will start selling retreads of the Michelin X One, a wide single tire for trucks and buses, starting from October 1. The launch will see the company accelerate its efforts toward cost-cutting and environmental protection in the transportation industry. As a single tire able to replace the dual tires used at...
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Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has developed a new series of car air conditioning hoses that offer compatibility with HFO-1234yf. A next-generation refrigerant, HFO-1234yf is finding increasing use in automotive air conditioning, especially by North American automakers. The new hose series includes both high-pressure and low-pressure products, and has already been adopted for use in the...
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Belt manufacturers are strengthening their marketing efforts in the food industry. A look at sales performance among buyers of resin conveyor belts indicates that food-related companies are the largest customer category, accounting for more than 30 percent of demand. Given the stability of demand expected in this market, manufacturers across the board are focusing their efforts on new product offerings...
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