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Mitsui Chemicals Endorses White Logistics Movement, Plans Related Initiatives

on July 8, 2019 in Materials

Mitsui Chemicals Inc. (TYO:4183) recently announced its support of the White Logistics Movement, an initiative put forward by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), Ministry of Economy, Trade and Industry (METI) and Ministry of Agriculture, Forestry and Fisheries (MAFF). To go along with its support here, Mitsui Chemicals has drafted up a list of relevant independent activities...

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Tokyo Zairyo Posts Decreased Sales and Net Profit, Record-High Ordinary Profit for 2018

on July 5, 2019 in Market Background, Materials

Tokyo Zairyo Co. Ltd., a raw materials trading firm operating as part of the Zeon Group, recently posted a mixed bag of results for fiscal 2018. The company’s sales for the year fell 0.2 percent year-on-year to end at 93.12 billion yen ($863.67 million), with ordinary profit up 3.6 percent to 2.06 billion yen and net profit down 6.8 percent...

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Yokohama Rubber Receives Supplier Award from Subaru in US

on July 4, 2019 in Industry, Tires

Yokohama Tire Corp. (YTC), a U.S. sales subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101), recently announced that it has received an Excellent Performance Award from Subaru Corp. (TYO:7270) U.S. subsidiary Subaru of Indiana Automotive Inc. (SIA). The award was granted to YTC for its supply of the Avid S34P tire, which the company provides as OE for the Subaru Impreza....

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Toyo Tires to Supply Off-Road Racing Tires for Silk Way Rally 2019

on July 3, 2019 in Tires

Toyo Tire Corp. (TYO:5105) recently announced that it is set to supply tires from its Open Country series for use in the Silk Way Rally 2019, a race scheduled to run over July 6–16 and span Russia, Mongolia and China. The tires will be supplied to rally driver Bryce Menzies. This year’s Silk Way Rally marks the ninth time the...

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Zeon Fixates on Development Amid Predictions of a Tough Year

on July 2, 2019 in Materials

Zeon Corp. (TYO:4205) commented recently on its outlook for fiscal 2019, saying that the year will be one requiring patience. Following from this, the company intends to focus on development and gain a better understanding of customers’ real needs, rolling this approach out as a global policy for the fiscal year. While the ongoing U.S.–China trade war does not have...

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Toyo Tires Becomes Fourth Major Japanese Tire Company to Raise Prices in Response to Distribution Costs

on July 1, 2019 in Industry, Tires

Toyo Tire Corp. (TYO:5105) has announced that it will be raising prices on domestic aftermarket tire shipments from Aug. 1 onward. This comes as factors such as a labor shortage prompt a surge in distribution costs for the sector – a trend that looks set to continue going forward. The company has outlined a price hike of 3 percent to...

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