Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...
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Japan Rubber Weekly recently conducted a survey asking Japan’s major rubber companies and their affiliates about their spring recruitment efforts for 2020. Among the 27 companies that responded, 1,524 new graduates were employed in this year’s spring recruitment intake – down by just seven new hires when compared to last year’s total of 1,531. Eleven of the 27 companies hired...
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Bridgestone Corp. (TYO:5108) has extended an official partnership agreement with the Japan Ice Hockey Federation (JIHF). Having been a supporter of the JIHF since 2012, Bridgestone recently announced that it is renewing its backing of the federation for another year, extending this out to March 31, 2021. Under the terms of the agreement, Bridgestone will support both the men’s and...
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Naphtha prices, which serve as a basis for the likes of the synthetic rubber market, are showing a significant drop amid tough market conditions. As of March 24, prices in Tokyo’s open-spec naphtha market are sitting at a median of $195 per ton when looking at product set to be delivered in late May. This is roughly a third of...
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Responding to the continued spread of the novel coronavirus, major tire manufacturers in Japan have decided to call off or postpone initiation ceremonies for new employees. Bridgestone Corp. (TYO:5108) is among this list, having decided to postpone its ceremonial activities. Meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) has decided that rather than hold its usual activities for new employees, it will...
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Bridgestone Corp. (TYO:5108) recently held a general meeting of shareholders at the Palace Hotel Tokyo, starting at 10:00 a.m. on Tuesday, March 24. The meeting was attended by 246 shareholders and lasted for one hour and 10 minutes. Seven shareholders at the meeting asked a total of eight questions. Topics here included the company’s progress with diversified businesses, as well...
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