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Zeon Endorses Task Force on Climate-Related Financial Disclosures

on September 16, 2020 in Industry

Zeon Corp. (TYO:4205) has announced support of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Established in response to requests from G20 finance ministers and central bank governors, the TCFD operates as an organization under the Financial Stability Board. Going forward, Zeon will use the TCFD’s recommendations as a basis to analyze the risks and opportunities that...

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Yokohama Rubber Plans Third Indian Plant for Production of Off-Highway Tires

on September 15, 2020 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is looking to bolster its production capacity for off-highway tires, such as those used on agricultural machinery, via production subsidiary Alliance Tire Group (ATG). To this end, the company has announced that it will establish a new plant under new subsidiary ATC Tires AP Pvt. Ltd. within India’s Atchutapuram Industrial Park. With a planned capital...

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Bridgestone’s Enliten Tire Technology Set to Feature in Volkswagen Golf 8

on September 14, 2020 in Industry, Tires

Bridgestone Corp. (TYO:5180) has announced that Turanza Eco tires featuring the Enliten tire technology will be used as OE for the upcoming Volkswagen Golf 8. Developed by Bridgestone, Enliten technology achieves both superb environmental efficiency and driving performance. Enliten is a fundamental Bridgestone technology that excels at reducing tire weight, cutting down on raw material use and lowering rolling resistance....

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Continental Tire Japan Digitalizes Indonesian Supply Chain

on September 11, 2020 in Tires

Continental Tire Japan Co. Ltd. has implemented seamless digital tracking for its Indonesian rubber supply chain, ranging from rubber cultivation through to processing and tire production. The company has achieved this via collaboration with the German Federal Ministry for Economic Cooperation and Development (BMZ). By using this system, Continental Tire Japan is now able to evaluate its rubber production and...

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Sumitomo Riko to Establish Second Vietnamese Base for Automotive Hose Production

on September 10, 2020 in Products

Sumitomo Riko Co. Ltd. (TYO:5191) is planning to open a new production and sales subsidiary for automotive hoses in Vietnam. This will be the company’s second Vietnamese base for the manufacture of automotive hoses. Set to be named SumiRiko Vietnam Co. Ltd., the new subsidiary will be capitalized at 113.1 billion Vietnamese dong ($4.85 million) and wholly owned by Sumitomo...

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CEMA Projects 10% Rise in Construction Equipment Demand for Fiscal 2021

on September 9, 2020 in Industry

The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its construction equipment demand forecasts for fiscal 2020 and fiscal 2021. CEMA has forecasted the total value of domestic shipments for the first half of fiscal 2020 – hit by the spread of COVID-19 – at 431.1 billion yen ($4.07 billion), down 9 percent year-on-year. This figure includes a 15 percent...

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