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Shanghai Natural Rubber Futures Listed on Osaka Exchange: Yen-Based, Cash-Settled for Price Hedging

on June 2, 2025 in Industry

On May 26, natural rubber traded on the Shanghai Futures Exchange was listed on the Osaka Exchange, with a listing ceremony held in the atrium of the Osaka Securities Exchange building. Five global rubber futures exchanges exist: the Osaka Exchange (RSS3, TSR20), Shanghai Futures Exchange (RSS3, synthetic rubber), Shanghai International Energy Exchange (TSR20), Thailand Futures Exchange (RSS3, RSS3D), and Singapore...

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Bando Chemical Posts Record-High Sales Revenue, Core Operating Profit

on May 30, 2025 in Products

Bando Chemical, a manufacturer of conveyor and transmission belts, reported its performance under IFRS for the fical year ended March 31, 2025, with sales revenue of 115.59 billion yen ($793.23 million), up 6.8% from the previous year, core operating profit of 7.74 billion yen, up 2.1%, and net profit of 1.50 billion yen, down 75.8%. “Sales revenue and core operating...

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Ube Provides Update on 2030 Plan, Launches Bio-Based Butadiene Rubber Supply This Year

on May 29, 2025 in Materials

Ube held a briefing on its medium-term management plan, “Ube Vision 2030 Transformation-2nd Stage,” covering fiscal years 2025 to 2030. “Considering the promotion of basic business structure reforms, specialization, digital transformation (DX), and corporate culture reform, we need to establish a solid six-year plan and execute it steadily,” Ube said, extending the plan’s duration from the previous three years to...

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Sagami Rubber Reports 7% Decline in Sales, Net Profit Up: FY Results

on May 28, 2025 in Products

Sagami Rubber Industries’ performance for the fiscal year ended March 31, 2025 (April 2024 to March 2025) recorded net sales of 5.69 billion yen ($39.55 million), a 6.9% decrease from the previous year, an operating loss of 33 million yen (compared to an operating profit of 436 million yen in the prior year), an ordinary profit of 522 million yen,...

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Sumitomo Rubber Receives Rubber Society of Japan Award

on May 27, 2025 in Tires

Sumitomo Rubber has been awarded the 37th Rubber Society of Japan Award for its Active Tread Technology, a groundbreaking material innovation that allows tire performance to adapt to changing road conditions. The Rubber Society of Japan Award is presented to society members who have made distinguished contributions to the advancement of science, technology, or industry in the field of rubber...

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Mitsui Chemicals to Raise Price of Admer

on May 27, 2025 in Materials

Mitsui Chemicals announced on May 19 that it will raise the price of Admer by 25 yen ($0.17) per kilogram for deliveries starting July 1. The company stated that the price hike is due to significant increases in costs for certain raw materials, labor, logistics, and equipment maintenance. “Despite efforts to reduce costs, the situation has exceeded our ability to...

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