Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), said in a recent interview with Japan Rubber Weekly that although net sales fell due to currency exchange losses caused by a higher yen and despite a cloudier picture that falling business confidence paints for future profits, the company’s performance has been largely as planned. Matsui said that Sumitomo...
[lwa template="modal" register="0"]Subscribe
In a recent Japan Rubber Weekly survey, a majority of management executives from 171 manufacturers of tires, industrial rubber and resin products expressed pessimism about the economic recovery (read related article here). Asked specifically about what business problems were cause for concern, executives primarily pointed to (1) rapid exchange-rate movements, coming on 55.5 percent of the responses; (2) economic trends,...
[lwa template="modal" register="0"]Subscribe
In a recent survey conducted over the first half of July, Japan Rubber Weekly (JRW) spoke to management executives from 171 manufacturers of tires, industrial rubber and resin products about their respective business conditions and financial outlooks. JRW received responses from 121 companies, 70 percent of those surveyed. Asked about the current market state of their respective industries compared to...
[lwa template="modal" register="0"]Subscribe
Tigers Polymer Corp. (TYO:4231), a major manufacturer of automotive rubber components and plastic hoses for home appliances and civil engineering, is expecting in its April 2016 – May 2017 net sales to see a recovery in demand for automotive parts in the Chinese market. Speaking recently in an interview with Japan Rubber Weekly, President Kentaro Watanabe said that he anticipates...
[lwa template="modal" register="0"]Subscribe
Factors such as automobile tire production and carbon black imports have a major impact on Japan’s carbon black industry. Last year saw a decrease in import volume from China due to the weak yen, but the stronger yen expected for this year is causing fears of a slight increase in imports, mainly from China. Japan Rubber Weekly got an inside...
[lwa template="modal" register="0"]Subscribe
The Chinese rubber industry experienced its greatest annual slowdown ever in 2015, with one of the industry’s leading products, tires, finishing the year with negative growth. The downturns in the Chinese and global economies were major contributing factors. In fact, the growth rate of the global economy’s real gross domestic product (GDP) was around 3 percent in 2015, the lowest...
[lwa template="modal" register="0"]Subscribe
