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Bridgestone Completes Sale of Firestone Building Products

on April 7, 2021 in Industry

Bridgestone Americas Inc. has completed the process of selling subsidiary Firestone Building Products Co. LLC (FSBP) to LafargeHolcim Ltd. The transaction here saw FSBP valued at $3.4 billion. Based in Nashville, Tennessee, FSBP produces commercial roofing and building envelope products across 15 production bases. The company’s sales revenue for 2020 came to approximately $1.8 billion, and it manages roughly 1,900...

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Major Rubber Companies Carry Out Much Smaller Spring Recruitment Drive for 2021

on April 6, 2021 in Industry

Japan Rubber Weekly recently surveyed Japan’s major rubber companies and their affiliates about their spring recruitment efforts for 2021. Among the 28 companies that responded, 1,093 new graduates were employed in this year’s spring recruitment intake – down by some 590 graduates, or 35.1 percent, when compared to the 1,683 graduates hired by the same companies last year. While a...

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Bridgestone Plants Hand Out Local Awards for Children’s Eco-Art Contest

on April 1, 2021 in Industry

Bridgestone Corp.’s (TYO:5108) Tochigi and Nasu plants are striving to reward participation in the company’s 18th Bridgestone Children’s Eco-Art Contest. With a focus on local elementary schools, each of these plants has selected contest entries to receive special regional awards, giving public recognition to these entries. The Bridgestone Group first held the Bridgestone Children’s Eco-Art Contest in 2003 as one...

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High Transport, Materials Costs Build Momentum for Hose Price Hikes

on March 29, 2021 in Industry

Price hikes are under consideration in the rubber and resin hose industry as manufacturers grapple with soaring costs of transport and raw materials, in addition to corrections for unprofitable products. While high transport costs are an industrywide issue, factors specific to certain hose types are also evident. High transport costs are not limited to the domestic Japanese industry. Difficulty in...

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Japan’s Rubber Unions Demand Wage Increases, Better Work-Life Balance in Annual Spring Labor Offensive

on March 22, 2021 in Industry

The Japanese Rubber Workers Union Confederation (JRC) has set out on its annual spring labor offensive for 2021. The bulk of union demands have now come in, especially those from large manufacturers. A survey based on information gathered at the JRC shows that, as of March 12, 45 unions have submitted their demands for the year. The weighted average wage...

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Sumitomo Rubber Set to Improve Materials Simulation Capabilities by Using Fugaku Supercomputer

on March 17, 2021 in Industry

Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has succeeded in its application to utilize the Fugaku supercomputer for industrial research in 2021. Opened up for use by the academic and industrial research sectors this March, Fugaku is part of Japan’s High-Performance Computing Infrastructure (HPCI). By utilizing the supercomputer, Sumitomo Rubber will look to speed up improvements to its...

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