Bando Chemical Industries Ltd. (TYO:5195) is moving this year to close and liquidate Bando (Shanghai) Industry Equipment Element Co. Ltd., a group company that carries out conveyor belt production and related production for the Chinese market. However, Bando Chemical still sees the Chinese conveyor belt sector as offering a promising market going forward. The company will therefore look to have...
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Toyoda Gosei Co. Ltd. (TYO:7282) has developed a new driver-side airbag with an innovative structure able to more safely protect the occupant. The airbag is fitted in the new Honda Civic, which launched in the U.S. market this June. In order to better protect the driver from angled head-on collisions, the new product makes use of an innovative structure. A...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it is set to trial the use of hydrogen in some processes at its Shirakawa Factory in Fukushima Prefecture. Demonstration testing for this is slated to run over August 2021 – February 2024. The project will see Sumitomo Rubber receive support from the New Energy and Industrial Technology Development Organization (NEDO), which...
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The Japan Automobile Tyre Manufacturers Association (JATMA) has revealed its mid-year revised forecast for domestic tire demand, with the association increasing its projections for a number of markets. According to the JATMA report, aftermarket demand for passenger car summer tires was up 8 percent year-on-year for the first half of 2021. With demand for the second half then projected to...
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Chemical company Tosoh Corp. (TYO:4042) has been selected as part of the FTSE4Good Index Series and the FTSE Blossom Japan Index, both prominent indices for ESG investments. The FTSE4Good Index Series is an index developed and offered by FTSE Russell, part of the London Stock Exchange Group. It looks at major companies around the world and selects those making particularly...
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Nitta Corp. (TYO:5186) recently revealed that it has received a technology award for its Namd project, which oversees technology for dispersing the company’s carbon nanotubes (CNTs) and depositing them evenly onto carbon fibers. Engaged largely in the manufacture of industrial belts and other such rubber products, Nitta received this award as part of a fiscal 2021 conference of the Japan...
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