Nihon Michelin Tire Co. Ltd. is set to launch the Michelin X Multi D+, a new tire made specifically for use with truck and bus driveshafts. The tire will be available in two sizes, with the 295/80R22.5 version launching on March 1 and the 11R22.5 slated for launch on May 1. Prices have been left to the discretion of distributors....
[lwa template="modal" register="0"]Subscribe
Lanxess AG announced on Dec. 31 that that it has sold off its stake in synthetic rubber joint venture Arlanxeo AG to 50–50 JV partner Saudi Arabian Oil Co., commonly known as Saudi Aramco. But despite the divestment, the German-based company has declared that its Japanese arm, Lanxess KK, will continue to carry out marketing and sales activities for synthetic...
[lwa template="modal" register="0"]Subscribe
Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...
[lwa template="modal" register="0"]Subscribe
Bridgestone Corp. (TYO:5108) recently announced that it is supplying six different tires ranging 19–21 inches for the E-Tron SUV, a new electric vehicle (EV) that launched this January under the Audi Group. Hitting the market as Audi’s first EV, the E-Tron utilizes two electric motors to make for major improvements to both acceleration and noise levels. Bridgestone’s tires then help...
[lwa template="modal" register="0"]Subscribe
Showa Denko KK (TYO:4004) recently revealed that it achieved an increase to both sales revenue and income for calendar 2018. The company posted sales of 992.14 billion yen ($8.97 billion) for the year, up by 27.1 percent over figures from 2017. Meanwhile, operating income was up 131.6 percent year-on-year to reach just over 180 billion yen, with ordinary income up...
[lwa template="modal" register="0"]Subscribe
Kuraray Co. Ltd. (TYO:3405) recently posted its full-year results for 2018, showing a significant increase to sales but a decrease in all profit metrics. While the company’s sales rose by 16.3 percent year-on-year to reach almost 603 billion yen ($5.45 billion), its operating profit fell 13.8 percent to 65.79 billion yen, with ordinary profit down 17.6 percent to 61.17 billion...
[lwa template="modal" register="0"]Subscribe
