China’s rubber industry is seeking to shift its focus from growing larger to being stronger. The new direction was unveiled at the China Rubber Conference 2016, organized by the China Rubber Industry Association, between March 22 and 25. China is aiming to strengthen its rubber industry due to declining demand, surging labor costs and dim prospects for a rapid recovery...
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Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) has written off some of the debt held by consolidated subsidiary Kinugawa Mexico SA De Cv. Writing off this debt is intended to free Kinugawa Mexico of excessive liabilities and fortify its financial footing. The debts forgiven, including accounts receivable, amounts to $13 million. This move means Kinugawa Rubber Industrial has booked approximately 1.47...
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Bridgestone Corp. (TYO:5108) has held its general shareholders’ meeting, attended by 630 stakeholders, who asked Bridgestone leadership about a variety of topics. Those topics included the company’s use of surplus capital, the outlook for fiscal 2016, corporate governance as a firm with a nominating board and other committees, business results for fiscal 2015, the company’s Contact Area Information Sensing (CAIS)...
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Zeon Corp. (TYO:4205) has announced that its subsidiary, Zeon Kasei Co. Ltd., will build a new factory in Mexico for the production of PVC/PSC resin compound for powder slush molding. The factory will use vinyl chloride resins as the raw material. The investment amount will be 1.5 billion yen ($13.5 million) and Zeon Kasei aims to begin production of 1,200...
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Yokohama Industrial Products Italy S.r.l., a subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101) that manufactures and sells marine hoses, will begin boosting production and increasing sales of its Seaflex brand of marine hoses in the first half of the fiscal year that began on April 1, 2016. The hoses, which are used for the maritime transport of crude oil and...
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Komatsubara, a Japanese manufacturer of equipment and machinery for producing rubber products, has plans to increase sales of its Floating Vibro Washer (FV Washer), a washing system for automatically cleaning and unclogging soiled metal mesh conveyor belts. The FV Washer is highly suitable for use in food production processes, where complete hygiene control is an absolute requirement. And the company...
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