Sports goods manufacturer Mizuno Corp. (TYO: 8022) has co-developed Q3, a new table tennis rubber, with Sumitomo Riko Co. Ltd. (TYO: 5191). The product will be sold starting Oct. 7 at Mizuno stores across Japan that handle table tennis goods. The two companies aim to sell 24,000 units globally in the first year. Q3 targets advanced players with a high speed...
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Osaka-based Nitta Corp. (TYO:5186) recently announced that it will acquire the chemical and industrial product business of Toyo Tire and Rubber Co. Ltd. (TYO:5105), excluding the seismic isolation rubber business. Toyo Tires’ subsidiary, Toyo Chemical Industrial Products Co. Ltd., will set up a new company in which the business to be acquired by Nitta will be transferred. 100 percent of...
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Shipment volume of carbon black for May rose to 43,271 tons, up 0.2 percent from the same period a year prior, according to data compiled by the Carbon Black Association. This marks the fifth consecutive month of year-on-year increases. Looking at carbon black shipments for rubber, the volume for general-purpose rubber rose 1.4 percent. However, shipment volume was sluggish for...
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Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has jointly developed a new side airbag with Toyota Motor Corp. (TYO:7203). Compatible with various makes and models, the new airbag has already been adopted for use in Toyota’s new Camry and is scheduled to be equipped in about 2.5 million vehicles annually. Side airbags, which are mounted by the side...
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JSR Corp. (TYO:4185) recently reached an agreement to acquire a 100 percent stake in 3D software company Lexi Co. Ltd. With the JSR Group expanding its business through 3D printing and material technology, this is an opportunity for the company to move forward and establish a new business in the life sciences sector. The acquisition would see the combining of...
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The Japanese Rubber Workers Union Confederation (JRWUC), comprising 58 member unions from the rubber industry, announced the results of its 2017 spring labor offensive negotiations to improve living standards for its membership. All 58 unions reached an agreement regarding the wages negotiated during the spring labor offensive and 53 unions reached an agreement regarding the negotiated lump sum payments for...
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