Industry

Bando Chemical Continues to See China as a Promising Market Despite Planned Subsidiary Closure

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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JATMA Makes Upward Revision to Domestic Tire Demand Forecast Following Strong First Half

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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Tosoh Added to Sustainable Investment Indices

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 Receives JSCM Technology Award for Namd Project

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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Bridgestone Looks to Introduce More Renewable Energy

Bridgestone Corp. (TYO:5108) is moving forward with a suite of efforts to reduce its CO2 emissions while also pursuing a circular economy throughout entire life cycles and value chains. This comes as part of a broader effort to achieve Milestone 2030, the company’s set of medium-term environmental targets for 2030. As its main target for CO2 emissions, Bridgestone aims to...

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Michelin Group Company Receives President’s Award From Toyota Industries

Camso Japan Co. Ltd., the Japanese arm of Michelin Group company Camso Inc., has received the President’s Award from Toyota Industries Corp. (TYO:6201). Given out only to Toyota Industries’ most outstanding suppliers, the President’s Award is based on an evaluation of all suppliers across the company’s automotive, materials-handling equipment and textile machinery businesses. The award follows on from one given...

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