Japan’s major tire manufacturers have now all released their business results for calendar 2021 – showing a significant recovery compared to 2020, when COVID-related production restrictions and other such factors caused business to slump significantly. For 2022, however, these companies are expecting a rough year, with projections that the surging costs of raw materials and marine freight will make for...
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Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it declared its support last month of recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). In supporting the TCFD recommendations, the Yokohama Rubber Group will proactively disclose information about its efforts to address climate change. The group sees these efforts as being a high-priority initiative within its broader push to...
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Japan’s Carbon Black Association has released a forecast of the country’s carbon black demand for 2022, including exports. This points to total demand in the market increasing 6.4 percent year-on-year to 757,840 tons. Looking at carbon black demand for rubber applications specifically, the Carbon Black Association has projected demand growth of 6.8 percent year-on-year to 667,486 tons, including exports. This...
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Tosoh Corp. (TYO:4042) has formulated a new policy aimed at achieving carbon neutrality. The policy here looks to reduce greenhouse gas emissions from the entire Tosoh Group, and follows the Japanese government’s recent moves to declare carbon neutrality for 2050 and revise the country’s 2030 emissions reduction target. Under this new policy, Tosoh has laid out a strategy to reduce...
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The Japan Rubber Manufacturers Association (JRMA) has revealed its forecast for the consump-tion of new rubber in 2022. Despite concerns around an economic downturn due to the rapid in-crease in Omicron cases, the forecast points to Japan’s consumption of new rubber as rising 7.9 percent year-on-year, reaching 1.35 million tons. In the realm of automotive tires and tubes for OE...
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Japan Rubber Weekly recently carried out a survey on business conditions, earnings projections and other such topics in the rubber and polymer product manufacturing industry, conducting this over mid to late December. Answers from 100 respondents were then analyzed to get a picture of how things are going in this field. On the topic of earnings projections for fiscal 2021,...
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