Japan’s total demand for carbon black is expected to drop for a second consecutive year, according to a recent forecast from the country’s Carbon Black Association. Including exports, demand here is estimated at 775,218 tons for 2020, which would mark a year-on-year decline of 0.6 percent. Demand for rubber applications – this being calculated based on forecasts of customer sectors...
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Bridgestone Corp. (TYO:5108) is set to begin supplying its Greatec brand of tires as an OE option for use on Isuzu Motors Ltd.’s (TYO:7202) new Giga truck, which hit the Japanese market in December 2019. The Greatec brand has so far been largely geared toward the North American market. Tires at the rear of large trucks are typically mounted in...
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Toyo Tire Corp. (TYO:5105) and Nitta Corp. (TYO:5186) recently announced that they have agreed to transfer the Toyo Tire Group’s business for truck and bus air springs to the Nitta Group. Plans are for a June 30 transfer of this business, which in fiscal 2018 generated approximately 2 billion yen ($18.2 million) in sales revenue. The companies have not yet...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has made a revision to its earnings forecast for calendar 2019, driven in large part by the company factoring in expenses of 18.2 billion yen ($165.74 million) in impairment losses. These impairment losses relate both to fixed assets as well as to goodwill, which represents the discrepancy between fair market value and purchase price in...
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Japan’s production of rubber belts has fallen 7 percent year-on-year to end at 24,575 tons for 2019, according to figures from the Japan Belting Manufacturers Association. Making up a large proportion of overall rubber belt production, that for conveyor belts fell 8 percent year-on-year to 13,633 tons. While domestic demand for such belts was strong enough to outshine 2018 figures...
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The novel coronavirus outbreak in Wuhan, Hubei Province, China, is having a major impact on society. This is especially true in China itself, though there is also the possibility that the virus will spread further overseas going forward. Looking then to get a better idea of how all this will impact business, Japan Rubber Weekly collected information from a number...
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