Mitsubishi Chemical and Mitsui Chemicals have launched a joint study with the aim of standardizing and optimizing chemical logistics, which serve as a backbone for both society and industry. Over time, the companies intend to launch various efforts in a number of relevant areas, with those that can be quickly put in place set to be implemented starting this fiscal...
German chemical companies Lanxess and Covestro have agreed to cooperate in the production of energy-intensive basic chemicals and to take climate change more into consideration at their production sites located on the Lower Rhine River in Germany. Currently, Lanxess sources chlorine, caustic soda, and hydrogen from Covestro’s ISCC PLUS certified sites in Leverkusen and Krefeld-Uerdigen, Germany. Following the agreement, Covestro...
Last month saw Bridgestone establish its first in-house venture company, Soft Robotics Ventures, in an effort to speed up advances in the realm of soft robotics. And now, as of Feb. 1, the tire manufacturer has signed a capital partnership agreement with Ascent Robotics, a developer and provider of intelligent robot systems. The agreement will see Bridgestone invest 500 million...
Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
Pirelli Japan announced that it will gradually increase the prices of tires shipped for the Japanese domestic market starting April 1, 2023. The price increase applies to passenger car, SUV, and motorsports tires (summer and winter), as well as motorcycle and scooter tires (Pirelli and Metzler). The average increase will be 6% across all product categories and brand lines. The...
Michelin has partnered with DHL Express to trial the Michelin UPTIS Prototype, a next-gen airless tire. This partnership will mark the first real-world use of the innovative tire, with plans for some 50 DHL vehicles in Singapore to be fitted with UPTIS tires by the end of 2023. Michelin first announced in June 2019 that it was targeting a 2024...
