Bridgestone has started solar power generation at its two Japanese tire plants in Shimonoseki and Kitakyushu through Power Purchase Agreements (PPAs). This is the first large-scale solar power generation through PPAs at Bridgestone’s plants in Japan. The total generating capacity is 5.8 MW, which will supply power for tire production at the two plants and contribute to a reduction of...
Yokohama Rubber will increase its passenger car tire production capacity in India to meet the growing demand in the Indian market. The company will invest an additional $82 million to build a new passenger car tire production line on the premises of its Visakhapatnam plant in eastern India. This will increase the company’s passenger car tire production capacity from the...
According to the Feb. 14 report on rubber product production and shipments published by the Ministry of Economy, Trade and Industry (METI), the total value of rubber product shipments in 2022 (January-December) was 2.3 trillion yen ($22.72 billion), up 5.1% from the previous year, marking the second consecutive year of year-on-year growth. By product category, the value of rubber products...
The Carbon Black Association of Japan recently compiled a forecast for carbon black demand in 2023, which is expected to be 727,250 tons, up 3.4% from the previous year. This is based on economy showing signs of improvement, such as a recovery in consumer behavior, a resurgence in capital investment, and an increase in exports, as the coronavirus pandemic has...
The four main tire manufacturers based in Japan have now all announced their results for calendar 2022. With sales volume on the rise, a weak yen, and a spate of price hikes made in response to surging raw material costs and other costs, all four of these companies saw their revenue increase for the year. However, they were split with...
Toyo Tires reported net sales of 497.21 billion yen ($3.65 billion) for the fiscal year ended December 2022, up 26.3% year-on-year. Operating income was 44.05 billion yen, down 17.0%, ordinary income was 51.04 billion yen, down 8.7%, and net income stood at 47.96 billion yen, up 16.0% . “Net sales reached a record high thanks to foreign exchange benefits, while...
