Bridgestone Corp. (TYO:5108) has completed its acquisition of Azuga Holdings Inc., a U.S.-based provider of fleet management solutions. The tire manufacturer has already received regulatory approval and carried out the relevant proceedings for this deal. Azuga has been valued here at $391 million, with adjustments then being made based on its working capital and the like to get the total...
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Zeon Corp. (TYO:4205) subsidiary Zeon Chemicals Asia Co. Ltd. recently launched commercial production of acrylic rubber at a base in Rayong Province, Thailand. The Zeon Group has to date carried out its acrylic rubber production across three bases, these being located in Kawasaki and Kurashiki, Japan, and one in the U.S. By now adding commercial production in Thailand as well,...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has updated the corporate group’s Sustainable Natural Rubber Policy. The move comes as an effort to bring this policy in line with updated requirements for members of the Global Platform for Sustainable Natural Rubber (GPSNR), which were decided at the Second GPSNR General Assembly held last September. Having long touted its...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced its establishment of Nano Black, a new design technique able to improve the visibility of lettering and patterns on tire sidewalls. In creating Nano Black, Sumitomo Rubber focused on the idea that the more times light strikes a light-absorbing surface, the blacker the resulting material looks. This then saw the company adopt a...
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Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it is planning a November launch for a high-speed surface disinfector that uses deep-UV (UV-C) LEDs to effectively eliminate viruses and bacteria. The product went up for preorder via the company’s site on Sept. 1. Looking to respond to the recent heightened awareness around preventing infections, Toyoda Gosei is marketing various products...
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Toyo Tire Corp. (TYO:5105) has posted a strong set of business results for the first half of calendar 2021, including sales revenue of 186.39 billion yen ($1.7 billion), up 23.8 percent year-on-year; an operating profit of 26.96 billion yen, up 240 percent; an ordinary income of 29.22 billion yen, up 567.2 percent; and a net profit of 20.67 billion yen,...
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