Industry

Japan’s Tire Giants Post Second Quarter Results – Part 2

This article follows part 1 in a series of 2 on second quarter financial results (January-June of the fiscal year ending December 31, 2022) of the four large Japanese tire manufacturers. Sales increased by double digits year-on-year for all four companies. With its strong demand and weak yen exchange rate, the U.S. market was one of the factors that contributed...

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Japan’s Tire Giants Post Second Quarter Results – Part 1

Japan’s four major tire manufacturers have now all posted their financial results for January–June 2022. The four companies – Bridgestone, Yokohama Rubber, Sumitomo Rubber, and Toyo Tires – each achieved double-digit increases to their sales revenue when compared to the first half of the previous year, on top of which the first two of these companies managed a year-on-year increase...

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Japan’s Carbon Black Association Forecasts Demand up 5% in Midyear Review

Japan’s Carbon Black Association has in its mid-year review of carbon black demand revised its forecast of total demand – including exports – for the year to 754,670 tons, up 5.0 percent from the previous year. This marks a downward revision of 0.4 points from the initial forecast of 757,840 tons, which would have seen an increase of 5.4 percent....

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Sumitomo Riko Joins GPSNR for Sustainable Procurement of Natural Rubber

Sumitomo Riko has joined on July 25 the Global Platform for Sustainable Natural Rubber (GPSNR). This comes as the company believes that it is necessary to endorse and join the GPSNR policy to ensure the traceability and sustainability of the procurement of natural rubber. GPSNR is an international platform established in October 2018 with the participation of tire manufacturers, automakers,...

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Mitsui Chemicals Launches Services for Distributed Solar Power Generation Businesses

Chemicals company Mitsui Chemicals this month launches technical due diligence services aimed mainly at distributed solar power generation companies that are operating or planning to operate at multiple solar power generation sites. The company has started its solar power generation diagnostic business in 2014. The new service is part of an online diagnostic service it has been developing since August...

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Mitsuboshi Belting Accelerates Efforts to Become Carbon Neutral by 2050

Automobile transmission belt manufacturer Mitsuboshi Belting has switched the energy used at its Kobe Works and Shikoku Plant to alternative sources that can contribute to reducing carbon emissions. The move follows the installation of solar systems on the roofs of the Kobe Works’ Central Plant’s third and fourth buildings in November 2021 and is part of the company’s efforts to...

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