Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it will be exhibiting at the 31st International Electric Vehicles Symposium and Exhibition & International Electric Vehicle Technology Conference (EVS 31 & EVTeC 2018). The event will be hosted at the Kobe Convention Center from Sept. 30 to Oct. 3, with the exhibition portion scheduled to run until Oct. 2. Sumitomo Rubber...
Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it intends to make an additional investment of 153 million Brazilian reals ($37.38 million) in response to growing Brazilian demand for truck and bus tires. The investment will go toward boosting production capacity at the company’s Brazil Factory, which is set to begin production of truck and bus tires next March. Initial...
Dow Chemical Japan Ltd. on Sept. 18 hosted a special event targeting innovation and a sustainable society at the Grand Hyatt Tokyo. Named the Dow Japan Innovation Day in Tokyo 2018, the event was held as a means to sound out possibilities for innovation that could help solve societal issues around the world. This was the event’s second iteration following...
Manufacturers of industrial rubber products have seen their revenues of late driven down by rising distribution and raw material costs. The impact of this has been particularly large for rubber and plastic hoses, which require significant labor to transport due to their shape and so incur higher delivery costs than other rubber products. This has then combined with sharp cost...
Kuraray Co. Ltd. (TYO:3405) is set to build a new factory in Thailand for the production of thermoplastic elastomers (TPEs) and highly functional resins. Located in the Hemaraj Eastern Industrial Estate, part of Thailand’s Map Ta Phut complex, the new factory is slated for completion at the end of 2021. Kuraray will use the location to provide 13,000 tons of...
Bridgestone Corp. (TYO:5108) recently announced that it has acquired a 100 percent share in the ETB Group, which sells car tires and provides other automotive services across the southwest of the U.K. The share acquisition for this was completed by Bridgestone’s European arm on Sept. 6. The companies have not yet disclosed the amount paid. Looking toward a stronger European...
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