The Japan Rubber Manufacturers Association (JRMA) has revealed its forecast for the consump-tion of new rubber in 2022. Despite concerns around an economic downturn due to the rapid in-crease in Omicron cases, the forecast points to Japan’s consumption of new rubber as rising 7.9 percent year-on-year, reaching 1.35 million tons. In the realm of automotive tires and tubes for OE...
Japan Rubber Weekly recently carried out a survey on business conditions, earnings projections and other such topics in the rubber and polymer product manufacturing industry, conducting this over mid to late December. Answers from 100 respondents were then analyzed to get a picture of how things are going in this field. On the topic of earnings projections for fiscal 2021,...
Sumitomo Riko Co. Ltd. (TYO:5191) has installed and started up solar power facilities at a plant operating in Mitake, Gifu Prefecture, under domestic group company Tokai Chemical Industries Ltd. These facilities have been established as part of an on-site power purchase agreement (PPA), marking the Sumitomo Riko Group’s third domestic site to make use of such a model. The on-site...
Bridgestone Corp. (TYO:5108) is set to raise its manufacturer’s selling prices on aftermarket tires, tubes and flaps sold in Japan. Set to come into effect on April 1, the change will see prices rise by 7 percent on summer and winter tires for passenger cars and vans; 7 percent on summer and winter tires for light trucks and buses; 8...
The Japan Automobile Tyre Manufacturers Association (JATMA) has responded to a request from Kama City in Fukuoka Prefecture, deciding to support a local restoration project in the form of waste tire removal. The association revealed on Jan. 7 that a JATMA representative has handed Kama City Mayor Yukihiro Akama a written notification of this decision. This decision will see JATMA...
Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
