Ube Industries Ltd. (TYO:4208) has announced that the fiscal year commencing April 2016 is the first of three years for the company’s new mid-term business plan, “Change & Challenge 2018.” With this, Ube Industries is positioning butadiene rubber (BR) as a rapidly expanding field within the company’s chemicals segment; the company is actively undertaking joint developments with major tire manufacturers....
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Denka Co. Ltd. (TYO:4061) aims to quickly achieve sales of 50 billion yen ($459 million) in the chloroprene rubber (CR) business. This follows the acquisition last year by the Japanese chemical manufacturer of DuPont’s CR business in the U.S. The president of Denka, Shinsuke Yoshitaka, wants to achieve this sales goal in the next 1–2 years. According to Denka, the...
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VRG Japan Rubber Export JSC is progressing in preparations to sell natural rubber that is manufactured by the Vietnamese military to Japanese tire manufacturers. The rubber to be sold is SVR10, which is used in tires, and SVR5S, which has half the odor that is characteristic of rubber. Tire manufacturers are currently running performance evaluation tests and are interested in...
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Sumitomo Chemical Co. Ltd. (TYO:4005) is continuing to make inroads on the solution styrene butadiene rubber (S–SBR) market in Europe. For European winter tires, the company has developed a new grade of S–SBR that improves cold resistance while also providing grip performance and fuel efficiency. Capable of maintaining its pliability in cold-weather regions, the new grade of S–SBR is currently...
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According to data on individual company performance concerning industrial rubber products, from 2014 to 2015 Tokyo-based Bridgestone Diversified Products Japan Co. Ltd. posted net sales of approximately 85.3 billion yen ($780.92 million), the highest in Japan. The company was formed on January 1, 2015, when Bridgestone Diversified Products East Co. Ltd. and Bridgestone Diversified Products West Co. Ltd. merged to...
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Zeon Corp. (TYO:4205) has announced its consolidated net sales declined by 4 percent year-on-year to 295.6 billion yen ($2.8 billion), and its net income decreased by 5 percent to 18 billion yen for the fiscal year ending March 2016. Price drops in export thermoplastic elastomers and rubbers, led by general-purpose rubbers, negatively affected the earnings for the period. Meanwhile, consolidated...
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