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Bridgestone Plants Receive Top Rating from Caterpillar’s Supplier Rating Program

on May 12, 2021 in Industry, Tires

Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo...

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Yokohama Rubber Lines up Hamatite Business Transfer to Sika Group

on May 10, 2021 in Industry

Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it will transfer the company’s Hamatite business to Sika AG, a Swiss-based specialty chemicals company. The transfer is scheduled to take place on Nov. 1, with the cost of the acquisition still under discussion. Included in the transfer are the Hamatite businesses operated by Yokohama Rubber, with these being Yokohama Industrial Products...

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Toyoda Gosei UK Moves to End Production

on April 30, 2021 in Industry

Toyoda Gosei UK Ltd. (TGUK), a local subsidiary of Toyoda Gosei Co. Ltd. (TYO:7282), is planning to end its production operations. The company is currently looking to consult with employees regarding the proposed closure. With automakers continuing to scale back or close their production in the U.K., TGUK has determined that it cannot expect to achieve growth going forward. This...

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Riken, Yokohama Rubber and Zeon Develop Technology for Bio-Production of Butadiene

on April 15, 2021 in Industry, Innovation

The Bio-monomer Production Laboratory has developed a new, world-first technology able to efficiently create butadiene from biomass. Consisting of members from Riken, Yokohama Rubber Co. Ltd. (TYO:5101) and Zeon Corp. (TYO:4205), the research team has then succeeded at using butadiene created with this technology to produce butadiene rubber. At present, butadiene is produced industrially from fossil resources such as petroleum....

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Bridgestone Completes Sale of Firestone Building Products

on April 7, 2021 in Industry

Bridgestone Americas Inc. has completed the process of selling subsidiary Firestone Building Products Co. LLC (FSBP) to LafargeHolcim Ltd. The transaction here saw FSBP valued at $3.4 billion. Based in Nashville, Tennessee, FSBP produces commercial roofing and building envelope products across 15 production bases. The company’s sales revenue for 2020 came to approximately $1.8 billion, and it manages roughly 1,900...

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Major Rubber Companies Carry Out Much Smaller Spring Recruitment Drive for 2021

on April 6, 2021 in Industry

Japan Rubber Weekly recently surveyed Japan’s major rubber companies and their affiliates about their spring recruitment efforts for 2021. Among the 28 companies that responded, 1,093 new graduates were employed in this year’s spring recruitment intake – down by some 590 graduates, or 35.1 percent, when compared to the 1,683 graduates hired by the same companies last year. While a...

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