Speaking at a results briefing on Aug. 9, Bridgestone Corp. (TYO:5108) President and COO Akihiro Eto commented on his company’s position with regard to all-season tires in the Japanese market. Bridgestone, Eto said, is not planning any change to its stance of using studless winter tires with proper snow performance – as opposed to just going with all-season tires. He...
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The Japanese rubber industry, and tire companies in particular, are carrying out a flurry of activities with regard to sustainable natural rubber. This saw a recent research seminar held to think about natural rubber from the perspective of biomaterial engineering, with backers for the seminar including the Riken Center for Sustainable Resource Science (CSRS), the Kyoto University Research Institute for...
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Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...
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Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...
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Commenting recently on the progress of his company’s Vision 2020 long-term plan, Sumitomo Rubber Industries Ltd. (TYO:5110) CEO Satoru Yamamoto noted that a number of factors that have changed since this vision was first put together. And with the changes here including raw material costs, slowing GDP growth and other such global factors, Yamamoto said that Sumitomo Rubber is now...
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Japan’s shipments of rubber products came to a total value of more than 1.15 trillion yen ($10.79 billion) for the first half of calendar 2019, marking a 0.5 percent increase over the same half last year. This is based on calculations from the Ministry of Economy, Trade and Industry (METI) regarding production and shipment figures for rubber products. Looking at...
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