Industry

Sumitomo Riko Donates to the Tadasunomori Foundation

Sumitomo Riko has donated 10 million yen ($67,100) to the Tadasunomori Forest Preservation Society on the grounds of the World Heritage Site Kamo Goso-jinja Shrine. The donation will be used to improve the environment of the Tadasunomori Forest, a historic site, and to preserve cultural properties and shrine buildings, including the national treasure, Kamo Goso-jinja Shrine. The Tadasunomori Forest, registered...

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Marubeni Acquires Canadian Conveyor Belt Company

Marubeni has acquired Alternative Belting Enterprises and Alternative Belting (Van Island) Enterprises, a Canadian one-stop provider of rubber and plastic conveyor belts, conveyor belt system components, installation, and maintenance services. The acquisition was made through Marubeni’s wholly owned Canadian subsidiary, Viacore Solutions, and will enable the company to strengthen its operating base in Western Canada and expand its footprint from...

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Bridgestone Recognized for Promoting D&I

Bridgestone has been recognized by the Japan Women’s Innovative Network (J-Win), an organization established to support the promotion and establishment of diversity management in the corporate sector. The company has been awarded the “Basic Achievement Runner-Up Award” in the basic category of the “2024 J-Win Diversity Awards,” which are given to leading companies that promote diversity and inclusion (DE&I). Bridgestone...

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Bridgestone and NTT Accelerate Joint Research

NTT and Bridgestone have selected “Digital Twin,” “Sustainability,” and “Environmental and People-Friendly Urban Development through Tires” as joint creation themes that use the technological strengths of both companies, and began their efforts on February 29. The joint experiments will be promoted for each theme, with the aim of creating new technology and value by sequentially starting social implementation in the...

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Synthetic Rubber Production Down 16% in 2023

Synthetic rubber production for 2023 totaled 1,158,183 tons, down 16.0% from the previous year, according to a report by the Synthetic Rubber Industry Association. Production of general-purpose rubber, mainly used for tires, fell sharply, with SBR down 10.9% and BR down 15.5%. The Japan Automobile Tire Manufacturers Association (JATMA) reported a 3.4% decline in tire production for the same year....

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Report: Japanese Rubber Companies Face Challenging Economic Conditions Abroad

The U.S. and China are not only the two largest economies in the world, but also the world’s number one and number two consumers of new rubber. The economic situation in the two countries has had a significant impact on the performance of Japanese rubber companies. In China, in addition to economic stagnation, Japanese automakers are struggling with sales. In...

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