Toyo Tire & Rubber Co. Ltd. (TYO:5105) has signed on to become a Platinum Partner for Japanese professional soccer J1 League team Gamba Osaka. The contract embodies a relationship of total sponsorship support for Gamba Osaka. Toyo Tires began a new brand revitalization effort last year under the catchphrase “Surprising the World.” The team’s continual striving for excellence under a challenging...
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China’s ministry of commerce has announced that it will reopen its examination of the anti-dumping duty on chloroprene rubber (CR), prompted by a complaint that was filed by a Chinese CR manufacturer. On the other side of the equation, with local users comprised largely of businesses that rely on CR imports, numerous CR manufacturers are seeking an impartial judgment. For...
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Production volume for rubber belts in April was down 4 percent year on year, marking eight straight months of such decreases. Meanwhile, year-on-year exports for that month were up by 3 percent, although a cooling domestic market led to a 6 percent decline in Japan. Figures for each belt category released by the Japan Belting Manufacturers Association indicate that production...
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Rubber sheet production volume in April was 6.5 percent higher than in April of 2015, making for a fourth consecutive month of year-on-year increases. Meanwhile, shipment volume rose 0.8 percent from a year before, marking a third straight month of annual increases. By product category, April press product manufacturing volume was up 5.6 percent on the year, although shipments declined...
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The Chinese rubber industry experienced its greatest annual slowdown ever in 2015, with one of the industry’s leading products, tires, finishing the year with negative growth. The downturns in the Chinese and global economies were major contributing factors. In fact, the growth rate of the global economy’s real gross domestic product (GDP) was around 3 percent in 2015, the lowest...
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The Chinese rubber industry must boost productivity, alternative energy use and strive for digitization if it is to reach its targets for 2025, says Fan Rende, Honorary Chairman of the China Rubber Industry Association (CRIA). Speaking at the China Rubber Conference held in March in Qingdao, Shandong Province, the 73-year-old Fan outlined the tasks facing the domestic Chinese industry in...
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