The Michelin Group is set to build its first tire recycling plant, locating this in the Antofagasta region of Chile as a joint venture with Swedish-based Scandinavian Enviro Systems AB (Enviro). Construction on the plant is slated to begin this year, with production then beginning in 2023. The project is expected to require an investment of around $30 million. Enviro...
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The Michelin Group recently announced that it has been chosen to serve as Societe Air France SA’s exclusive tire supplier for the next 10 years. Beyond just covering tire supply, a new agreement between the two companies will see them bolster their collaborative efforts with regard to the sustainable development of the aviation sector, including CO2 emissions reduction and the...
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The COVID-19 pandemic continues to make it difficult to secure containers for imports and exports, and Japan’s rubber industry is no exception. Further, with the potential for the issues here to not only hinder stable product supply but also drive up costs, there are a number of players in the industry voicing concern over the current state of affairs. As...
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Toyoda Gosei Co. Ltd. (TYO:7282) is establishing a new plant in Ohira, Kurokawa-gun, Miyagi Prefecture, to bolster its auto parts production capacity in the Tohoku region and better serve its main customer, Toyota Motor East Japan Inc. Set to be established under production subsidiary Toyoda Gosei East Japan Co. Ltd., the new plant is slated for a construction start this...
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The Japanese Rubber Workers Union Confederation (JRC) has announced its plans for spring 2021 on improving lifestyles of union members throughout Japan’s rubber industry. The plan lists three main areas in which the union group will focus its efforts: (1) wages, (2) lump-sum payments and (3) promotion of work-life balance. The JRC plans to take the impact of the COVID-19...
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Toyoda Gosei Co. Ltd. (TYO:7282) is looking to have subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) merge with equity-method affiliate Minda TG Rubber Pvt. Ltd. (MTG) by way of a takeover. Through this merger, Toyoda Gosei aims to improve management efficiency in India, which the company is positioning as a priority market in its medium-term business plan for 2025....
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