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Yokohama Rubber Declares Support of TCFD Recommendations

on February 21, 2022 in Industry

Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it declared its support last month of recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). In supporting the TCFD recommendations, the Yokohama Rubber Group will proactively disclose information about its efforts to address climate change. The group sees these efforts as being a high-priority initiative within its broader push to...

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Toyo Tires Posts 14.5% Sales Growth, Record-High Tire Sales for 2021

on February 18, 2022 in Tires

Toyo Tire Corp. (TYO:5105) has posted its business results for 2021, revealing a strong performance for the year. Sales for the year came to 393.65 billion yen ($3.42 billion), up 14.5 percent, while operating income was 53.1 billion yen, up 46.1 percent. Explaining these results, company president Takashi Shimizu said that net income was boosted significantly by strong North American...

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Fukoku Posts 54.15B Yen in Sales for April–December Period

on February 17, 2022 in Products

Fukoku Co. Ltd. has posted its business results for the first three quarters of fiscal 2021. The rubber auto parts manufacturer posted sales for the period coming to 54.15 billion yen ($468.84 million), while operating profit came to 1.81 billion yen. Looking on a per-segment basis, Fukoku’s Functional Parts Business generated sales of 24.13 billion yen, up 21.5 percent year-on-year,...

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Carbon Black Demand Expected to Rise 6.4% for 2022

on February 16, 2022 in Industry

Japan’s Carbon Black Association has released a forecast of the country’s carbon black demand for 2022, including exports. This points to total demand in the market increasing 6.4 percent year-on-year to 757,840 tons. Looking at carbon black demand for rubber applications specifically, the Carbon Black Association has projected demand growth of 6.8 percent year-on-year to 667,486 tons, including exports. This...

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Fuji Latex Posts April–December Business Results, Including Strong Sales for Condoms

on February 15, 2022 in Products

Fuji Latex Co. Ltd. (TYO:4199) has posted its business results for the first three quarters of fiscal 2021, revealing sales of 6.14 billion yen ($53.19 million), an operating profit of 647 million yen, an ordinary profit of 616 million yen and a net profit of 353 million yen. Looking at these figures on a per-segment basis, the company’s health care...

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Sumitomo Rubber to Launch Aftermarket EV Tire in China Starting April

on February 14, 2022 in Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to introduce its Dunlop e. Sport Maxx – the company’s first aftermarket tire for electric vehicles (EVs) – to the Chinese market, where demand for EVs is booming. The e. Sport Maxx is slated for an early launch in China this April. Then in 2023, Sumitomo Rubber is planning a European launch for...

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