At a meeting with the board of directors held on Sept. 17, 2015, Toyo Tire & Rubber Co. Ltd. announced that the company had reached a 4.2 billion yen (approximately $35 million) settlement with automobile manufacturers who were seeking damages for alleged U.S. antitrust violations. Regarding U.S. antitrust violations concerning price adjustments by Toyo Tire & Rubber of automotive anti-vibration...
Zeon Corp. has established a new company in Gurgaon, Haryana, India. It began business on Oct. 1, 2015 and is involved in importing, selling, and marketing. The new company is called Zeon India Private Limited (capital: 15 million Indian rupees). It is involved in the import, sale, and marketing of synthetic rubber and other Zeon group products. The establishment of...
Mitsutaka Yoshii, president of Bando Chemical Industries Ltd. (Kobe Head Office), a leading belt manufacturer, explained the current status in the third year of implementation of the company’s medium- and long-term management plan. Results of the first quarter (April-June) indicate that sales increased 4.3 percent while operating income increased 30.6 percent, both compared to the same period last fiscal year. In...
The Kyushu Rubber Manufacturers Association (KRMA) launches research into hydrogen resistant rubber parts and starts a joint research project for components for fuel cell cars. Through partnerships with Kyushu University and other local research institutions, the association is pursuing both the independent and joint development of rubber components for fuel cell vehicles, developing items like sealing materials and linings for...
The Kansai Rubber Technical Training Course held its 54th annual entrance ceremony on Sept. 2, 2015 at the Chemicals Evaluation and Research Institute, in Osaka, Japan. This year’s class consisted of 43 students, 41 male and two female. This training course was founded 54 years ago in 1962, when the rubber industry in Kansai at the time was experiencing a...
Bridgestone Corp. recently announced that its subsidiary in Thailand, Bridgestone NCR Co. Ltd. (BSNCR) has started production of conveyor belts in July, and that the first batch of belts has been sent to Laem Chabang Port in Thailand’s Chonburi Province. Founded in 1996, BSNCR is a production base for anti-vibration rubber, automotive hoses, hydraulic hoses and other products. The plant,...
