Sumitomo Rubber Co. Ltd. (TYO:5110) announced on Oct. 30 that it is supplying its Dunlop SP Sport Maxx 050 line of tires as OE for the new Lexus ES model that launched last month. As an original debut model of the Lexus brand, the ES is a mainstay of the automaker’s lineup. And the latest model of this, coming as...
Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...
Glove manufacturer Towa Corporation Ltd. is set to move forward with expansion efforts from Aug. 1, 2019, adding new room to a Bangladeshi plant that produces gloves for the manufacturing industry. The company will invest around 100 million yen ($882,900) to achieve this. By adding a third floor to its current two-floor setup here, Towa Corporation will open up additional...
Denka Co. Ltd. (TYO:4061), a chemical firm that produces synthetic rubber and high-performance polymers, recently announced that it has completed construction of a new general office at its Omi Plant in Niigata Prefecture. Named the Omi Innovation Hub, this new facility will be used to bring more integrated and efficient management to the plant while also facilitating cooperation between different...
China is the world’s largest producer of both reclaimed rubber and rubber powder, controlling production for 73 percent of the world’s reclaimed rubber. Currently suffering from a shortage of natural rubber for raw material purposes, the country is looking to save on its natural rubber consumption – and this is then driving efforts to convert waste tires into reclaimed rubber....
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