The Japanese Rubber Workers’ Union Confederation has released the results of its 2019 spring labor initiative aimed at securing higher wages and bonuses for workers at major rubber companies. As part of this, the organization announced that 56 of its 58 member unions submitted wage requests, of which 49 have reached a settlement with the relevant companies. Meanwhile, 49 unions...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is planning this year to run another set of environmental conservation efforts under its Team Enasave Future Project, which the company carries out in conjunction with the National Federation of UNESCO Associations in Japan. The first initiative as part of this will begin in Niigata on May 26, looking to preserve and maintain the nature,...
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Kobe Steel Ltd. (TYO:5406) has acquired L&T Kobelco Machinery Pvt. Ltd. (LKTM) as a wholly owned subsidiary. Previously operated as a JV between Kobe Steel and Larsen & Toubro Ltd., the Indian-based firm designs, manufactures and sells a range of tire and rubber machinery, including rubber mixers and twin-screw extruders. By turning LKTM into a wholly owned subsidiary, Kobe Steel...
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Radial aviation tires from Nihon Michelin Tire Co. Ltd. are set to be used for the Airbus A380 airplanes flown by All Nippon Airways Co. Ltd. (ANA). The A380 is scheduled to enter into service on May 24 for flights between Japan and Hawaii. The A380 will be fitted with the Michelin Air X radial tire. Incorporating Michelin’s proprietary Near...
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Bando Chemical Industries Ltd. (TYO:5195) announced on April 5 that it signed a share purchase agreement to acquire all shares of Aimedic MMT Co. Ltd., a manufacturer, seller and provider of after-sale services for orthopedic medical devices. Acquired from a fund managed by the Polaris Capital Group Co. Ltd. for around 10.55 billion yen ($94.23 million), Aimedic MMT will become...
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Bridgestone Corp. (TYO:5108) announced on April 12 that it has won a design rights infringement lawsuit against the Shengtai Group in the Beijing Intellectual Property Court. The case stemmed from the Japanese firm’s claim that the major Chinese tire manufacturer utilized a tread pattern patented for the Bridgestone ST3000 truck tire. Bridgestone first filed the lawsuit with the Beijing Intellectual...
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