Industry

Bridgestone CEO Appointed Honorary Investment Advisor to Thailand BOI

Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya has been appointed as Honorary Investment Advisor to the Thailand Board of Investment (BOI). The position was established to assist the BOI in promoting Thailand as an attractive investment destination to Southeast Asia and the world. The appointment is in recognition of the Bridgestone group’s contributions to Thailand’s development from...

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Lanxess Aspires to Be True Global Partner – Japan President Tsuji

Hideo Tsuji, president and CEO of Lanxess K.K. (and head of Rhein Chemie Additives Business Unit in Japan and Korea), said at a recent event that he has two key strategies for leading the company’s business in Japan. The first involves products. Tsuji is intent on stepping up Lanxess’s role as a worldwide partner for its customers amidst rapidly advancing...

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Asahi Rubber to Boost LED Production

Asahi Rubber Inc., a manufacturer of automotive and medical rubber products, is planning capital investments worth approximately 543 million yen ($4.42 million) during the fiscal year ending in March 2016. The investments will inject 250 million yen ($2.03 million) into automotive, 95 million yen ($773,000) into medicine, 132 million yen ($1.07 million) into life sciences and 110 million yen ($895,000)...

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Overseas Sales Bolster Fukoku’s First Half Performance

Fukoku Co. Ltd., a manufacturer of automobile rubber parts, enjoyed a 6.5 percent advance in consolidated net sales year-on-year for the first six months (April–September) of fiscal 2015, Executive Vice President Akira Inohara said. This result, aided by increased earnings at Fukoku subsidiaries in all regions, continues on last year’s solid showing. Net sales were 22.8 billion yen ($185.36 million)...

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Zeon to Halt NBR Rubber Production in UK

Zeon Corp. will halt its synthetic rubber production in the U.K. The company plans to break up and liquidate Zeon Chemicals Europe Ltd. (ZCEL), a consolidated subsidiary that produces and sells nitrile rubber (NBR). The reasons for the decision are uncertainty about securing procurements of primary materials over the long-term in the U.K., as well as the changing market environment....

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Bando Records Strong Overseas Sales

Bando Chemical Industries Ltd., a major Japanese belt manufacturer, is making strides in increasing sales in overseas markets. Growing sales in China, Asia and new markets is one of the strategies in the company’s mid-term business plan. Bando Chemical has improved sales of replacement belts for scooters in India and Vietnam during the fiscal year ending March 31, 2016. In...

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