Continental AG and Chinese hydrogen specialist Censtar H2-Electricity Science & Technology are set to deepen their strategic partnership in the Chinese market. Both companies have now formally agreed to work together on developing dispensing hose solutions for hydrogen refueling stations, with the aim going forward of advancing mobility to help get society closer to carbon neutrality. Safe and efficient hydrogen...
A growing number of rubber sheet manufacturers are looking to increase prices on their products. Most companies here are considering a 10–20 percent price hike on rubber sheets and an 8–20 percent price hike on other general-purpose products, including plastic ones. And beyond these general-purpose products, a number of companies are in talks with customers to negotiate price hikes for...
Yokohama Rubber Co. Ltd.’s (TYO:5101) Mie Plant has donated 40 tires for vaccine transport vehicles to Mie Prefecture, providing these on June 1. This comes as part of the plant’s efforts to help out the local community and support medical countermeasures against COVID-19. The donated tires have been fitted to official vehicles used for transporting COVID-19 vaccines to hospitals, health...
Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
Toyo Tire U.S.A. Corp., the U.S. sales subsidiary of Toyo Tire Corp. (TYO:5105), recently announced that it will increase its dealer base prices across all tire categories except for winter tires as of Aug. 1. This price hike is being implemented to reflect continued high costs for raw materials and logistics in the U.S. market. It will see prices rise...
Osaka Exchange Inc. (OSE) designated three new factories on May 27 as approved sites for TSR20 rubber futures. The addition of these approved factories comes in aim of improving liquidity in the TSR market. Following the move, there are now a total of 24 factories approved as TSR20 sites, with all of these located in Thailand. The three factories added...
