The novel coronavirus outbreak in Wuhan, Hubei Province, China, is having a major impact on society. This is especially true in China itself, though there is also the possibility that the virus will spread further overseas going forward. Looking then to get a better idea of how all this will impact business, Japan Rubber Weekly collected information from a number...
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The Japan Rubber Manufacturers Association (JRMA) recently published a forecast on rubber consumption for 2020 as part of its 19th executive meeting. As its baseline, this forecast estimates Japan’s new rubber consumption as having risen 0.8 percent for 2019, reaching 1,343,700 tons to make for a third consecutive year of growth. But for 2020, the JRMA is estimating that consumption...
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Toyoda Gosei Co. Ltd. (TYO:7282) has contracted with MUFG Bank Ltd. for a sustainability-linked loan, making it Japan’s first domestic manufacturing company to take out this type of loan. Sustainability-linked loans are financial products that offer advantages such as preferential interest rates to incentivize the achievement of sustainability goals. They are also characterized by having less restrictions on use of...
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Toyo Tire Corp. (TYO:5105) will be setting up both a Toyo Tires booth and a Nitto booth at Tokyo Auto Salon 2020. One of the world’s largest custom car shows, this year’s Tokyo Auto Salon will be held over Jan. 10–12 at Makuhari Messe in Chiba, Chiba Prefecture. The Toyo Tires-branded booth will be depicting the company’s new brand statement,...
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The Japan Automobile Tyre Manufacturers Association (JATMA) has put together a forecast of domestic automotive tire demand in Japan for 2020. According to this forecast, major product categories are expected to show lower demand across the board compared to 2019, with total demand for the year falling 1 percent to just under 116.27 million tires. For OE tires, JATMA is...
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Swiss-based plastic belt manufacturer Habasit AG announced on Dec. 5 that it has acquired all stocks in Namil Belt Industrial Co. Ltd. (NBI) and Korea Belt Services (KBI), turning these two South Korean belt companies into wholly owned subsidiaries. By then integrating these two companies, Habasit aims to bolster its supply of high-quality, customized solutions to customers throughout South Korea....
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