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Uvex Safety Enters Distributorship Agreement With Kokugo

Uvex Safety Group GmbH & Co. KG, a German manufacturer of safety equipment, has entered into a distributorship agreement with Kokugo Co. Ltd., a historic Japanese vendor of physics and chemistry products for the sale of the former’s industrial gloves in Japan. The partnership will see the full launch of a range of high function, value-added products in the country....

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Demand for Construction Equipment to Increase 2 Percent

According to estimates by the Japan Construction Equipment Manufacturers Association, an organization of companies including makers of hydraulic excavators, construction cranes and tractors, the 2016 demand for shipments of construction equipment is projected to rise to 2.16 trillion yen (approximately $18 billion), an increase of 2 percent over the previous year. The Japanese domestic portion of this figure is 853.6...

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Domestic Tire Production Down 3.8 Percent in First Half

The Japan Automobile Tyre Manufacturers Association Inc. (JATMA) announced combined automobile tire and tire tubes production performance figures for the January–June period at a total of 536,091 tons, a 3.8 percent drop compared to the same period last year. Differentiated according to product categories, production performance for truck and bus tires and tubes dropped by 5.3 percent, for light trucks...

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Ube, Lotte and Mitsubishi Launch Rubber JV in Malaysia

Chemical, construction material, and metal manufacturer Ube Industries Ltd. held an opening ceremony for its butadiene rubber (BR) joint-venture company established in Malaysia, “Lotte-Ube Synthetic Rubber” (LUSR, located in Tanjung Langsat Industrial Park, Johor, Malaysia). LUSR is a joint-venture company between Ube Industries, Lotte Chemical Corp. and its subsidiary Lotte Chemical Titan Holding Sdn. Bhd., and Mitsubishi Corp. LUSR operates...

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Toyoda Gosei Aims to Strengthen its Base in Brazil

Toyoda Gosei, a Toyota Group auto parts company, is slated to invest in Pecval Industria, a Brazilian firm that produces resin parts for auto interior and exterior. With this move, Toyoda Gosei plans to reinforce its business base in Brazil. Pecval is a wholly-owned subsidiary of Shimizu Industry Co., Ltd. (Kariya City, Aichi Prefecture), that produces auto dashboard components and...

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Revenues and Profits Up at Nippon Zeon, Down at JSR

In the first quarter results of Japan’s two major synthetic rubber companies, JSR Corp. and Zeon Corp., (fiscal year ending March 2016), elastomers saw lower revenues and profits at JSR, but higher revenues and profits at Zeon. In particular, JSR’s quarterly operating profits were at their lowest level since the 2008 financial crisis. The earnings differentials were caused by factors...

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