A growing number of rubber sheet manufacturers are looking to increase prices on their products. Most companies here are considering a 10–20 percent price hike on rubber sheets and an 8–20 percent price hike on other general-purpose products, including plastic ones. And beyond these general-purpose products, a number of companies are in talks with customers to negotiate price hikes for...
Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
Osaka Exchange Inc. (OSE) designated three new factories on May 27 as approved sites for TSR20 rubber futures. The addition of these approved factories comes in aim of improving liquidity in the TSR market. Following the move, there are now a total of 24 factories approved as TSR20 sites, with all of these located in Thailand. The three factories added...
Goodyear Tire & Rubber Co. recently announced that it has completed its acquisition of Cooper Tire & Rubber Co., fulfilling an agreement first announced on Feb. 22. The acquisition will combine Goodyear’s strengths in OE tires and high-quality replacement tires with Cooper’s excellent product lineup in the pickup truck and SUV segment. As a result, the move is set to...
Yokohama Rubber Co. Ltd. (TYO:5101) has made a donation to Chance for Children, a Japanese NPO that works to support the education of children from financially underserved backgrounds. With the tire company matching the donation coming from its Yokohama Magokoro Fund – an initiative funded by company employees – the total donation here comes to 500,000 yen ($4,570). Chance for...
Rubber sheets are on the road to recovery, with both production and shipments on the rise. With the market having been hit by COVID-19, figures for May 2020 slumped by more than 25 percent year-on-year; but the economy then started to recover in the following months, showing only a quite small year-on-year decline for October onward. And for the January–March...
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