(Continued from part 1 published Dec. 23, 2015) Showa Denko K.K (TYO:4004) will continue strengthening its sales strategy for chloroprene rubber (CR) in the U.S. The company has had a joint CR production venture in the U.S. with E.I. du Pont de Nemours and Company (DuPont) and has led the industry in meeting user needs for discontinued DuPont grades and...
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Total chloroprene rubber (CR) production remained firm through early autumn. According to Denka Co. Ltd. (TYO:4061), production was somewhat sluggish in part because of a slump in domestic automobile manufacturing volume, although business performance was robust in China. Factors elsewhere in Asia, meanwhile, included weak domestic demand in Thailand, and stabilization at low levels in Europe. Domestic CR operations at...
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Domestic demand for tires is expected to amount to 118.55 million tires for 2015, 4 percent fewer than the previous year, according to the Japan Automobile Tire Manufacturers Association (JATMA). The decrease was caused by lower vehicle production volume. The forecast for 2016, meanwhile, calls for a 1 percent annual increase to 119.2 million tires. ■ Assumptions behind the demand...
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The number of motor vehicles produced in Japan in October 2015 was approximately 813,000, a 0.5 percent drop over the same month of the previous year and the 16th consecutive month that the figure had fallen against the previous year, according to the Japan Automobile Manufacturers’ Association (JAMA). Passenger car production was approximately 690,000 vehicles, the first increase—albeit a slight...
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In October, the number of automobiles produced in Japan fell 0.5 percent compared to the same month the previous year, to 813,110 units, marking the sixteenth straight monthly decline. The slump in automobile manufacturing has led to an across-the-board drop in production of automotive rubber products. According to statistics from Japan’s Ministry of Economy, Trade and Industry (METI), total production...
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The palpable economic slowdown that has continued in China since last year is impacting the rubber industry with increasing severity, both directly and indirectly. With China’s economic situation seen as being more severe than is generally portrayed in news reports, grim views on its future are overwhelmingly prevalent. In the rubber industry, for instance, there has been a slump in...
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