Industry

Sumitomo Rubber Establishes Group Policy for Sustainable Procurement of Natural Rubber

Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it is participating in the Global Platform for Sustainable Natural Rubber (GPSNR) as a founding member. At the same time, the company revealed that it has formulated its own Sustainable Natural Rubber Policy to use throughout its group – this being aimed at ensuring the sustainability of natural rubber as a resource...

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Denka, Mitsubishi Materials to Co-Develop Ceramic Substrates for Eco-Friendly Cars

Denka Co. Ltd. (TYO:4061) and Mitsubishi Materials Corp. (TYO:5711) have reached an agreement to co-develop new ceramic substrates, targeting these toward power modules in the motors of EVs and other such environmentally friendly vehicles. Following development, the companies plan to pursue efforts aimed at full-scale mass production. With the surging need for automotive electrification in recent years, there has been...

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Toyoda Gosei Plans Chinese Acquisition to Bolster Business for Auto Parts

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...

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Toyo Tires Strikes Capital Partnership With Mitsubishi to Bolster Technological, Sales Efforts

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...

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China Forges Ahead With Reclaimed Rubber Production to Compensate for Natural Rubber Shortage

China is the world’s largest producer of both reclaimed rubber and rubber powder, controlling production for 73 percent of the world’s reclaimed rubber. Currently suffering from a shortage of natural rubber for raw material purposes, the country is looking to save on its natural rubber consumption – and this is then driving efforts to convert waste tires into reclaimed rubber....

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Carbon Black Association Points to International Competition at 70th Anniversary Event

Japan’s Carbon Black Association held its 21st annual convention on Oct. 9, commemorating the association’s 70th anniversary since its 1948 establishment and providing discussion on issues in the industry. Speaking at the event, Hajime Nagasaka – head of the Carbon Black Association and President at Tokai Carbon Co. Ltd. (TYO:5301) – commented on the competitive environment currently facing the industry...

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