Toyota Group company Toyoda Gosei Co. Ltd. (TYO:7282) has received an award as part of the fiscal 2021 Energy Conservation Grand Prize, which is organized by the Energy Conservation Center, Japan (ECCJ). Recognized here for its efforts to reach medium-term carbon neutrality targets, Toyoda Gosei has received the Prize of Director General of Agency for Natural Resources and Energy, part...
Bridgestone Corp. (TYO:5108) has joined with oil refinery and petroleum product seller Eneos Corp. for a new project. The agreement here will see these companies target social implementation for chemical recycling technologies that enable the precise pyrolysis of used tires, which would then contribute to the sustainability visions of both companies. Specifically, Bridgestone’s vision is to continue providing social value...
Tokai Carbon Co. Ltd. (TYO:5301) has unveiled T-2024, a rolling medium-term management plan for 2022–2024. Under this new plan, the major carbon black manufacturer has set a 2030 long-term vision in which it looks to “contribute to a sustainable society through advanced materials and solutions.” As for financial targets for 2024, the company aims through the plan to reach 356...
Yokohama Rubber Co. Ltd. (TYO:5101) has seen its Hiratsuka Factory receive an annual award made to recognize business operators that display excellent energy management. The award here was given on Feb. 3 by the Kanto Bureau of Economy, Trade and Industry, which is part of Japan’s Ministry of Economy, Trade and Industry (METI). It is the first time that the...
Bridgestone Corp. (TYO:5108) has released its business results for 2021, revealing 3.25 trillion yen ($28.25 billion) in sales revenue, up 20.4 percent year-on-year; 394.34 billion yen in adjusted operating profit, up 90.1 percent; and 394.04 billion yen in net profit including discontinued operations, up from a 23.3 billion loss the previous year. In the tire business specifically, Bridgestone saw major...
Japan’s major tire manufacturers have now all released their business results for calendar 2021 – showing a significant recovery compared to 2020, when COVID-related production restrictions and other such factors caused business to slump significantly. For 2022, however, these companies are expecting a rough year, with projections that the surging costs of raw materials and marine freight will make for...
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