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Construction Equipment Demand Forecast for 2023

The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its forecast for construction machinery demand in fiscal 2023 (April 2023-March 2024), with shipments expected to reach a record 3.05 trillion yen ($23.14 billion), up 341.5 billion yen from the previous forecast announced in August 2022. This would be the first time for the value of shipments to exceed 3 trillion...

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Bridgestone to Become Title Sponsor of FIA’s ecoRally Cup

Bridgestone will join as title sponsor the FIA (Federation Internationale de l’Automobile) “ecoRally Cup,” a rally competition to determine the most efficient use of electricity by vehicles. The new event will be called the “Bridgestone FIA ecoRally Cup” and Bridgestone and the FIA will support the ecoRally Cup through a multi-year partnership agreement. The Bridgestone FIA ecoRally Cup will respond...

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Fujikura Composites to Expand Curved Surface Printing Blanket Business Overseas

Fujikura Composites said that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was sluggish, but the weak yen helped drive strong exports, which drove performance. Another positive factor was the penetration of price increases implemented in the previous fiscal year....

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Lanxess Develops Tool to Automatically Calculate Carbon Footprint of Products

Lanxess has developed the Product Carbon Footprint Engine, a tool that automatically calculates the carbon footprint of its products. The tool uses existing data accumulated by the company’s divisions to calculate the emissions generated from the extraction of raw materials to the shipment of products to factories, following a cradle-to-gate approach in the product lifecycle. In addition to carbon emissions...

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JATMA Supports End-of-Life Tire Removal Project in Kuma City

The Japan Automobile Tyre Manufacturers Association (JATMA) has recently confirmed that the project for restoring Kama City to its original state through the removal of waste tires has been completed. JATMA decided on January 7, 2022 to grant support funds of 17.1 million yen ($128,000) to the city, receiving a letter of appreciation for its support. The association removed 250.14...

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Japan’s Rubber Unions Submit Demands, See Wage Improvements Progressing

The Japanese Rubber Workers Union Confederation (JRC), an organization of labor unions in rubber companies, has submitted its demands for the improvement of living standards for the spring season of 2023. As of March 8, 50 unions had submitted their demands, according to a survey conducted by JRC. According to the survey, 39 unions submitted an average wage increase (weighted...

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