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JATMA Releases Midyear Update to 2018 Tire Demand Forecast

on July 27, 2018 in Industry, Tires

The Japan Automobile Tyre Manufacturers Association (JATMA) has revised its forecast of tire demand for the business year through next March. Total domestic demand in the updated forecast – covering four-wheel vehicles, two-wheel vehicles and non-four-wheel specialty vehicles – was upwardly revised by 75,000 tires. But with higher figures having been confirmed for 2017 since the previous forecast, this still...

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Toyoda Gosei Sets Up New Indian Base to Accelerate Engineering and Development

on July 26, 2018 in Products

Toyoda Gosei Co. Ltd. (TYO:7282), a member of the Toyota Group, has opened a new base for Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). The base is intended to handle engineering and sales matters, and is located in Gurgaon, near Delhi. Employees at the location have been tasked with developing, designing and selling a range of products –...

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Rubber Industry Sees Solid Demand for Raw Materials in First Half

on July 25, 2018 in Market Background

The first half of calendar 2018 has seen robust demand for raw materials in the rubber industry. This comes on the back of recovering applications in automobiles and tires – the main sources of demand for the materials – as well as strong demand for semiconductors. Due to a rise in the cost of crude oil, prices have increased for...

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New EPA Between Japan and EU Promises Removal of Tire Export Tariffs

on July 24, 2018 in Market Background

Representatives from Japan and the EU met on July 17 to sign the EU–Japan Economic Partnership Agreement (EPA) – a new bilateral agreement set to come into effect by the end of next March. For Japan’s rubber industry, the EPA promises the immediate repeal of a 4.5 percent tariff currently incurred on exports of passenger car tires to the EU,...

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Bridgestone Americas Plans Capacity Increase for Off-the-Road Tires in Illinois

on July 23, 2018 in Tires

Bridgestone Corp. (TYO:5108) U.S. subsidiary Bridgestone Americas Inc. recently announced plans to increase its production capacity for off-the-road tires. Taking place at a plant in Bloomington, Illinois, this expansion will cost the company $12 million and is slated for completion at some point in 2020. The project will see the plant begin producing 29-inch, 33-inch and 35-inch tires for small-...

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Bridgestone Launches Development Project Aimed at Driverless Tire Noise Tests

on July 20, 2018 in Tires

Bridgestone Corp. (TYO:5108) recently announced that it has started a development project targeting the use of driverless vehicles in tire noise tests. Such tests are one of several types conducted using vehicles. By implementing tire noise tests that deploy a self-driving vehicle rather than rely on human skills and know-how, Bridgestone aims to improve the accuracy and efficiency of its...

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