Industry

Bridgestone to Join JAXA, Toyota for International Space Exploration Mission

Bridgestone Corp. (TYO:5108) recently announced that it is set to join the Japan Aerospace Exploration Agency (JAXA) and Toyota Motor Corp. (TYO:7203) in an international space exploration mission. Through the mission, JAXA and Toyota aim to expand the domain of human activity while also developing new intellectual property. Bridgestone, meanwhile, will move forward with research for contact patches – essentially...

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Ube Industries to Acquire Spanish Compound Manufacturer Through European Subsidiary

Ube Industries Ltd. (TYO:4208) announced on April 8 that its consolidated subsidiary Ube Corporation Europe SAU (UCE) has decided to acquire Spanish compound manufacturer Repol SL. The companies have agreed to a share transfer on the basis of a deal for UCE to acquire a majority of Repol’s shares in late March. Based in Valencia, Spain, Repol operates a European...

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Bridgestone Acquires Digital Fleet Solutions Unit From Netherlands’ TomTom

Bridgestone Corp. (TYO:5108) on April 2 completed its acquisition of digital fleet solutions provider TomTom Telematics, a former business unit of TomTom NV of the Netherlands. The acquisition was effected after Bridgestone subsidiary Bridgestone Europe NV/SA received approval from regulatory authorities and satisfied other procedural requirements. The purchase price was 910 million euros ($1.03 billion). The acquired business operates the...

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Zeon Splits up COP Processing Subsidiary to Expand in Bio

Zeon Corp. (TYO:4205) announced on April 1 that it has spun off the Sano plant that performs injection molding for Optes Inc., a cyclo-olefin polymer (COP) processing and manufacturing subsidiary. In establishing the new Zeon Opto Bio Lab Co. Ltd. as a result of this, Zeon plans to grow by strengthening its prototyping business in the optics, medical and bio...

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Demand for Organic Rubber Chemicals Grows for Second Consecutive Year

Domestic Japanese demand for organic rubber chemicals came to 17,642 tons for calendar 2018, up by 1.5 percent year-on-year. This marks a second consecutive year of growth in the market, driven largely by strong production of rubber products. Strong results can also be seen in the month-by-month breakdown, with September, November and December being the only months to post negative...

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Wholesalers in Greater Kanto Region Show Pessimistic Outlook for Belt and Hose Sales

Forecasts for belt and hose sales in 2019 are showing a pessimistic outlook despite what have been favorable market conditions so far this year. These findings come from TGS, an association of industrial rubber product wholesalers in the greater Kanto region. Conducting an independent survey as part of a report on belt and hose trade flows for 2018, TGS found...

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