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Rubber Unions Increase Demands on Tire Manufacturers

on March 13, 2018 in Industry

Member unions of the Japanese Rubber Workers Union Confederation (JRC) have submitted their wage demands at the group’s annual spring labor offensive, directing most of their efforts toward large rubber companies. Looking specifically at the per-company wage demands for 35-year-old workers in the tire industry, unions are demanding a 5,600 yen ($52.70) increase from Bridgestone Corp. (TYO:5108), a 5,500 yen...

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Kuraray Announces Plan to Form Butadiene Derivatives JV With PTTGC, Sumitomo

on March 9, 2018 in Industry

Kuraray Co. Ltd. (TYO:3405) announced on March 7 that it has inked a joint venture agreement with Sumitomo Corp. (TYO:8053) and Thai-based PTT Global Chemical PCL (PTTGC) for a butadiene derivative business. The three companies began detailed feasibility studies in September 2016. Ahead of the final decision on investment, they signed an agreement to hold further discussions and to file...

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Construction Equipment Demand Expected to Boost High-Pressure Hoses in 2018

on March 6, 2018 in Industry

Business is expected to stay robust for the construction machinery industry, which is a major source of demand for high-pressure hoses. According to data recently released by the Japan Construction Equipment Manufacturers Association (CEMA), the shipment value of construction equipment is expected to rise 5 percent year-on-year for fiscal 2018, reaching a total of 2.4 trillion yen ($22.61 billion). Driven...

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Denka Set to Fully Consolidate Industrial Rubber Manufacturer CRK

on February 26, 2018 in Industry

Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...

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China Rubber Conference 2018 Expected to Draw 1,000 Rubber Experts From 20 Countries

on February 16, 2018 in Industry

The China Rubber Conference this year is set to be held over the four days of March 27–30 at Shangri-La Hotel, Qingdao, located in the eastern province of Shandong. Sponsored by the China Rubber Industry Association (CRIA) since 2006, the conference serves as an annual general meeting concerning the rubber industry, and is the largest such event to cover a...

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JRW Survey: Rubber, Resin Manufacturers Expect Positive Results for Fiscal 2017

on January 22, 2018 in Industry

Japan Rubber Weekly conducted a survey among the country’s rubber and resin product manufacturers midway through December 2017, looking to get their respective takes on the current climate of the rubber industry. Of the 169 companies that received the survey, 119 responded, making for a 70.4 percent response rate. When asked how sales will pan out for fiscal 2017, 44.2...

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