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Japanese Tire Manufacturers Struggle to Predict How Coronavirus Will Impact 2020 Business Results

on March 2, 2020 in Coronavirus, Industry, Tires

Japan’s four major tire manufacturers – Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tires Corp. (TYO:5105) – are all forecasting improvements at the operating profit level for calendar 2020. Bridgestone is using adjusted operating profit here, while Sumitomo Rubber and Yokohama Rubber use business profit. However, with Bridgestone noting that it is...

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Coronavirus Outbreak Raises Major Concerns Over Supply of Raw Materials From China

on February 18, 2020 in Coronavirus, Industry

With the spread of the novel coronavirus showing no signs of letting up, companies in the rubber sector are seeing increasingly serious effects on business. Problems are piling up with regard to securing employees, carrying out logistics, operating supply chains and more. Issues on the production side of business have spread to regions outside of China, including Japan. And with...

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Japan’s Total Carbon Black Demand Expected to Fall 0.6% for 2020

on February 12, 2020 in Industry, Materials

Japan’s total demand for carbon black is expected to drop for a second consecutive year, according to a recent forecast from the country’s Carbon Black Association. Including exports, demand here is estimated at 775,218 tons for 2020, which would mark a year-on-year decline of 0.6 percent. Demand for rubber applications – this being calculated based on forecasts of customer sectors...

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Bridgestone to Supply Greatec Tires as OE Option for New Isuzu Giga Truck

on February 10, 2020 in Industry, Tires

Bridgestone Corp. (TYO:5108) is set to begin supplying its Greatec brand of tires as an OE option for use on Isuzu Motors Ltd.’s (TYO:7202) new Giga truck, which hit the Japanese market in December 2019. The Greatec brand has so far been largely geared toward the North American market. Tires at the rear of large trucks are typically mounted in...

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Toyo Tires to Transfer Truck and Bus Air Spring Business to Nitta Group

on February 7, 2020 in Industry

Toyo Tire Corp. (TYO:5105) and Nitta Corp. (TYO:5186) recently announced that they have agreed to transfer the Toyo Tire Group’s business for truck and bus air springs to the Nitta Group. Plans are for a June 30 transfer of this business, which in fiscal 2018 generated approximately 2 billion yen ($18.2 million) in sales revenue. The companies have not yet...

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Japan’s Rubber Belt Production Falls 7% in 2019 Despite Strong Domestic Demand for Conveyor Belts

on February 5, 2020 in Industry, Market Background

Japan’s production of rubber belts has fallen 7 percent year-on-year to end at 24,575 tons for 2019, according to figures from the Japan Belting Manufacturers Association. Making up a large proportion of overall rubber belt production, that for conveyor belts fell 8 percent year-on-year to 13,633 tons. While domestic demand for such belts was strong enough to outshine 2018 figures...

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