Industry

Mitsui Chemicals Receives Letter of Gratitude From METI for Supplying Emergency Medical Goods During COVID

Mitsui Chemicals Inc. (TYO:4183) has received a letter of gratitude from the Ministry of Economy, Trade and Industry (METI), thanking the company for working over the past year to boost its raw material production for medical gowns, masks and so on. With COVID-19 starting to spread widely around the world last spring, there was a shortage of medical gowns. And...

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Nichirin President Ryuichi Maeda Details Plans to Boost Global Profitability Through New Business

Nichirin Co. Ltd. (TYO:5184) President Ryuichi Maeda has revealed that as part of its European restructuring efforts, the automotive hose manufacturer intends to start up hose assembly operations in the central Bulgarian town of Karlovo this March. This assembly will be contracted out to a local manufacturer. Then if automaker approval can be obtained, the company intends to move half...

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JRMA President Ikuji Ikeda Describes Plans to Boost the Global Presence of Japanese Rubber Technologies

Ikuji Ikeda, president of the Japan Rubber Manufacturers Association (JRMA) and Chairman of Sumitomo Rubber Industries Ltd. (TYO:5110), gave his thoughts recently on the state of Japan’s rubber industry and what opportunities lie ahead for domestic players. While companies have had to change as a result of the pandemic, Ikeda noted, this has then made it possible to turn difficult...

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Toyoda Gosei Invests in Tohoku University Startup for Chemical Sensors

Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has invested in Ball Wave Inc., a Tohoku University startup company engaged in the development and sale of chemical sensors. By using surface acoustic waves (SAWs) – a physical phenomenon discovered by Tohoku University researchers – Ball Wave is working to commercialize what are called ball SAW sensors. Such sensors are...

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Rubber Hose Market Expected to Fall Short of Full Recovery Next Year

The Japan Rubber Hose Manufacturers Association recently released a forecast of Japan’s rubber hose demand for 2021. According to the figures here, domestic rubber hose production for the year is slated to come to 32,340 tons, up 11.9 percent year-on-year. But while this represents a significant increase, it does not quite get the sector back to where it was before...

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Michelin Partners With Canadian Startup Pyrowave to Work on Plastic Waste Recycling

The Michelin Group recently announced that it has formed a partnership with Canadian startup company Pyrowave Inc. Through this partnership, Michelin will look to make a speedy entry into the market for plastic waste recycling technology. A total of more than 20 million euros ($24.53 million) is set to be invested into joint development here, with an industrial demonstrator slated...

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