Yokohama Rubber Co. Ltd. (TYO:5101) is increasing production of high-performance passenger car tires (18-plus inches in diameter) at its Shinshiro Plant, Aichi Prefecture. The company will commence construction on a new line this May and, with a launch planned for June 2017, is in position to have full production possible by April 2018. With an investment of 3.7 billion yen ($32.76...
Major resin hose and pipe maker Totaku Industries Inc. plans to build a new factory in Oyama, Tochigi prefecture as it moves to strengthen its production and sales effort in the eastern Japan region. Slated to begin by late 2017, construction of the new factory will be located in Oyama’s No. 4 Industrial Zone. The facility, with 14,000 square meters...
Ikuji Ikeda, president and CEO of Sumitomo Rubber Industries Ltd. (TYO:5110), said in a recent interview with the Japan Rubber Weekly that he expects major progress in his company’s global strategy. The dissolution of the alliance agreement with The Goodyear Tire & Rubber Company of the U.S. will free Sumitomo Rubber of constraints in the North American and European markets...
Suzuka Engineering Co. Ltd. (Headquarters: Yokkaichi City, Mie Prefecture) reached a financing agreement last November with Hyakugo Bank Ltd. (TYO:8368) on the basis of an intellectual property business assessment report. Serving a wide spectrum of the rubber industry, Suzuka Engineering independently develops and designs rubber manufacturing processes and, most notably, industrial machinery instruments and systems for kneading operations. On the...
Japan’s largest carbon black manufacturer Tokai Carbon Co. Ltd. (TYO: 5301) reported annual sales of 104.9 billion yen ($921.8 million) for fiscal 2015 (January-December), marking a 9 percent year-on-year decline. Of those, the carbon black (CB) segment accounted for sales of 46.2 billion yen ($406 million), a year-on-year decline of 16 percent. Operating profit declined 50 percent to 1.3 billion...
The Toyohashi production facility of the business unit Rhein Chemie Additives (BU ADD) of Lanxess K.K. announced that as of Nov. 30, 2015 it had reached 7,500 consecutive days without an accident. A ceremony to mark this milestone was held on Jan. 27, 2016. This marks more than 25 years of safe operation since the site went onstream. The Toyohashi...
