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Japan’s Major Tire Manufacturers Halt Employee Initiation Ceremonies Amid Coronavirus Concerns

on March 27, 2020 in Coronavirus, Industry

Responding to the continued spread of the novel coronavirus, major tire manufacturers in Japan have decided to call off or postpone initiation ceremonies for new employees. Bridgestone Corp. (TYO:5108) is among this list, having decided to postpone its ceremonial activities. Meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) has decided that rather than hold its usual activities for new employees, it will...

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Bridgestone Fields Questions Regarding Coronavirus, Diversified Business and More at General Meeting of Shareholders

on March 26, 2020 in Coronavirus, Industry, Tires

Bridgestone Corp. (TYO:5108) recently held a general meeting of shareholders at the Palace Hotel Tokyo, starting at 10:00 a.m. on Tuesday, March 24. The meeting was attended by 246 shareholders and lasted for one hour and 10 minutes. Seven shareholders at the meeting asked a total of eight questions. Topics here included the company’s progress with diversified businesses, as well...

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Coronavirus Looks Set to Impact European Operations of Japanese Rubber Companies

on March 23, 2020 in Coronavirus, Industry

The outbreak of the novel coronavirus has now spread to the point where it is impacting Japanese rubber companies with operations in Europe. Bridgestone Corp. (TYO:5108) has halted operations at two of its European plants as of 3:00 p.m. Thursday, March 19, Japan Standard Time. The decision includes a truck and bus tire plant in Bilbao, Spain, as well as...

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Companies Struggle to Predict How Novel Coronavirus Will Impact Rubber Industry With Uncertainties Hovering Over Western Markets

on March 16, 2020 in Coronavirus, Industry

Around two months have now passed since the novel coronavirus came to be widely reported on in the global media. But unlike in China, where some aspects relating to the virus outbreak are starting to calm down, the world more broadly is seeing the virus continue to spread. Against this backdrop, one player in the field noted concern around how...

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Denka Makes Downward Revision to Business Estimates Amid Sluggish Sales, Coronavirus Outbreak

on March 13, 2020 in Coronavirus, Materials

Denka Co. Ltd. (TYO:4061) recently announced that it has downwardly revised its projected business results for fiscal 2019. Explaining its decision here, Denka noted first that it has seen sluggish sales trends for chloroprene rubber (CR) amid the U.S.–China trade war. The chemical company has also looked to account for the novel coronavirus to some extent, expecting that this will...

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Shimadzu Works to Develop New Test Kit for Novel Coronavirus

on March 11, 2020 in Coronavirus, Innovation

Shimadzu Corp. (TYO:7701) has started development efforts on a genetic test kit for the novel coronavirus. As this new test kit skips the conventional step of extracting ribonucleic acid (RNA) from the sample, it will help to reduce labor and time requirements for testing. A manufacturer of testing, measuring and analytical equipment for the likes of the rubber sector, Shimadzu...

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