Toyoda Gosei is aiming to strengthen its supply network for interior and exterior auto parts in central China. Plans here are set to see the company invest in Wuhan Binyu Auto Part by leveraging Toyoda Gosei (China) Investment, a consolidated subsidiary for the Chinese market. Wuhan Binyu is part of the Yibin Group, which supplies interior and exterior auto parts...
A representative of Sumitomo Rubber has been awarded “Mentor of the Year 2022” by CenTiRe, a U.S. tire technology consortium. The Mentor of the Year award was created this year to recognize those who have made the greatest contribution in terms of guidance and support to academic researchers. CenTiRe is an industry-government-academia consortium involving the National Science Foundation (NSF), Virginia...
While demand for automotive-related products has declined, demand for civil engineering and construction has remained strong. Steady progress in civil engineering and other construction work, which began to move in the second half of 2021, has led to demand for upper-level building-related projects. Demand was concentrated in the fourth quarter (January-March 2022), as construction work started moving quickly, especially in...
Shipment volume of rubber sheets (plates) is declining. According to statistics compiled by the Japan Rubber Industry Association, shipments from January to May 2022 totaled 6,908 tons, down 7.3 percent from the same period last year. In 2021, the market recovered from the decline caused by the coronavirus pandemic and remained generally firm throughout the year. However, the recovery trend...
Mitsui Chemicals’ ethylene-propylene rubber (EPDM) plant operations remained at a high level in fiscal 2021. In the first half of the year, from April to September, the supply-demand situation remained tight. Sales remained steady, however, in the second half from October to March, despite being affected to a small extent by the shortage of semiconductors and reduced car production. The...
Michelin has become the sole owner of Royal Lestari Utama (RLU) after purchasing the 51 percent of the joint venture previously held by Barito Pacific Group. RLU is a project initiated in 2015 by Michelin and Indonesian partners that aims to combine sustainable natural rubber cultivation and forest conservation on approximately 70,000 hectares in Jambi, Sumatra, and 18,000 hectares in...
