NOF Sees Success With High-Performance Elastomers for Auto Parts

NOF Corp. (TYO:4403) is keeping a keen eye on its NOF-Alloy TZ Series of high-performance elastomers, which are targeted toward use in components around automotive engines. Most applications for the series at present see these products being used in air ducts for trucks and similar vehicles. The NOF-Alloy TZ Series covers a range of thermoplastic elastomers with polymer alloy technology...

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Toyoda Gosei Settles for $59M in US Class Action Lawsuit

Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has agreed to settle a class action lawsuit brought against the company by auto dealers and end consumers in the U.S. District Court for the Eastern District of Michigan. Toyoda Gosei will be required to pay $59 million for the settlement. Plaintiffs in the lawsuit alleged that Toyoda Gosei violated U.S....

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Sumitomo Rubber Set to Appear at International Exhibition for EV Technologies

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it will be exhibiting at the 31st International Electric Vehicles Symposium and Exhibition & International Electric Vehicle Technology Conference (EVS 31 & EVTeC 2018). The event will be hosted at the Kobe Convention Center from Sept. 30 to Oct. 3, with the exhibition portion scheduled to run until Oct. 2. Sumitomo Rubber...

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Sumitomo Rubber to Boost Brazilian Tire Production With Additional Investment

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it intends to make an additional investment of 153 million Brazilian reals ($37.38 million) in response to growing Brazilian demand for truck and bus tires. The investment will go toward boosting production capacity at the company’s Brazil Factory, which is set to begin production of truck and bus tires next March. Initial...

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Dow Chemical Japan Holds Tokyo Event for Innovation, Sustainability

Dow Chemical Japan Ltd. on Sept. 18 hosted a special event targeting innovation and a sustainable society at the Grand Hyatt Tokyo. Named the Dow Japan Innovation Day in Tokyo 2018, the event was held as a means to sound out possibilities for innovation that could help solve societal issues around the world. This was the event’s second iteration following...

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Surging Costs Hurt Domestic Market for Rubber and Plastic Hoses

Manufacturers of industrial rubber products have seen their revenues of late driven down by rising distribution and raw material costs. The impact of this has been particularly large for rubber and plastic hoses, which require significant labor to transport due to their shape and so incur higher delivery costs than other rubber products. This has then combined with sharp cost...

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