Synthetic Rubber Demand Expected to Remain Strong Globally for Second Half

Demand for synthetic rubber is projected to keep up a strong performance for the second half of fiscal 2018, spanning October–March. While the first half of the fiscal year saw raw material cost trends drive falling profits in some areas, demand itself has been stable on the whole, with some product types continuing to see tightness in the supply–demand balance....

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Bando Chemical Reports Rising Sales, Profits on Back of Strong Auto Parts Business

Bando Chemical Industries Ltd. (TYO:5195) has reported a year-on-year increase to both sales and profits for the first half of fiscal 2018. Sales for the half increased 5.3 percent over the same period last year to reach 48.2 billion yen, with operating profit up 23.4 percent to 3.81 billion yen, ordinary profit up 34.2 percent to 4.55 billion yen and...

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Advanced Technologies Poised to Drive Growth for S-SBR in Fuel-Efficient Tires

Looking at the market for synthetic rubber, solution-polymerized styrene–butadiene rubber (S-SBR) would appear to be on the road to significant growth. Demand for fuel-efficient tires is playing a central role in guiding this rubber down its promising path, creating an expectation that global S-SBR demand will grow by 6–7 percent per year going forward. And Japanese manufacturers, who are technological...

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Bridgestone Americas Plans US Production Increase for Truck and Bus Radial Tires

Bridgestone Corp. (TYO:5108) has announced that U.S. subsidiary Bridgestone Americas Inc. will expand its plant in Warren County, Tennessee. The move will give the location additional production capacity for truck and bus radial (TBR) tires, which the company hopes will allow it to respond to growing demand for these tires in the North American market. Over the next three years,...

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Revenue From Rubber Product Shipments up 4.8% for First Three Quarters

Japan has seen strong performance in rubber production and revenue over the first three quarters of calendar 2018, according to figures from the Ministry of Economy, Trade and Industry (METI). Shipments over the period generated approximately 1.71 trillion yen ($15.14 billion) in total revenue, METI found – marking an increase of 4.8 percent over the same period last year. Looking...

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NOK President Expects US–China Trade War to Drive Profits Down by 600M Yen

Kiyoshi Doi, president of major oil seal producer NOK Corp. (TYO:7240), recently provided his thoughts on how the ongoing trade war between the U.S. and China is impacting his company’s business. NOK’s operations see the company ship products both from the U.S. to China and vice versa, Doi said. He therefore expects that tariffs being placed on these products will...

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