Tire manufacturer Continental AG held a grand opening ceremony on March 27 for a new greenfield tire plant that it has built in Rayong Province, Thailand. The new plant represents a 250 million euro ($280.44 million) investment for Continental. By 2022, the company aims to have the base producing approximately 4 million premium tires per year for use in passenger...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has finished constructing new facilities for truck and bus (TB) tire production at its Brazil Factory, with operations here having launched on March 1. The move comes in an effort to provide more stable supply of TB tires in the Brazilian market while also avoiding risks posed by foreign exchange rates....
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Domestic Japanese demand for organic rubber chemicals came to 17,642 tons for calendar 2018, up by 1.5 percent year-on-year. This marks a second consecutive year of growth in the market, driven largely by strong production of rubber products. Strong results can also be seen in the month-by-month breakdown, with September, November and December being the only months to post negative...
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Toyoda Gosei Co. Ltd. (TYO:7282) has developed a lightweight resin turbo duct for automobiles. The use of resin for the turbo duct, which conducts air to the engine, makes it possible for the newly developed product to improve vehicle environmental performance. It is installed in new HiAce vans launched outside of Japan by Toyota Motor Corp. (TYO:7203) in February. A...
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Sumitomo Riko Co. Ltd. (TYO:5191) has developed new diagnostic equipment in the form of a sensor able to simultaneously monitor vitals such as heart rate and respiration. This marks the world’s first practical application of piezoelectric rubber in vital sensing equipment. As of Feb. 28, the new product has already been delivered to Japan’s Pharmaceuticals and Medical Devices Agency (PMDA)...
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Bridgestone Corp. (TYO:5108) held its latest general meeting of shareholders on March 22, answering a number of questions posed to company representatives. With 395 people in attendance, the meeting lasted for 1 hour and 44 minutes. During the meeting, a total of 13 questions came from 13 shareholders. These covered topics such as the business impact of Brexit and of...
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