Toyoda Gosei Co. Ltd. (TYO:7282) recently posted its business results for fiscal 2019, revealing year-on-year decreases in a number of performance metrics. This included sales revenue of 812.94 billion yen ($7.6 billion), down 3.3 percent year-on-year; operating profit of 17.89 billion yen, down 51 percent; and net profit of 11.23 billion yen, down 51.8 percent. In Japan specifically, Toyoda Gosei’s...
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JSR Sees Sales Revenue Decline 4.7% for FY2019
JSR Corp. (TYO:4185) recently posted its business results for fiscal 2019, revealing sales revenue of 471.97 billion yen ($4.4 billion) – down 4.7 percent year-on-year. The company’s operating profit for the year came to 32.88 billion yen, down 27.3 percent, while its net profit totaled 22.64 billion yen, down 27.4 percent. In the Elastomers segment specifically, JSR generated 178.79 billion...
Michelin Partners With Swedish Company to Develop Recycling Technology for Used Tires
The Michelin Group is partnering with Scandinavian Enviro Systems AB (Enviro), a Swedish-based tire recycling company, on a large-scale project to develop and commercialize pyrolysis technology for the recycling of used tires. Pyrolysis is a method of chemically breaking down organic compounds through rapid heating. This then allows for the formation of new products which the treated organic compound did...
Yokohama Rubber’s Advan Sport V107 Selected as OE Tire for New Mercedes–AMG GLE 53-Series
Yokohama Rubber Co. Ltd. (TYO:5101) recently revealed that it has been supplying its Advan Sport V107 tires as OE for a new-model car, the Mercedes–AMG GLE 53 4Matic+, since last October. These are being fitted to the model as a 575/50ZR20 113Y size for the front tires and 325/35ZR22 114Y for the rear tires. Made for use with high-powered premium...
Toyo Tires Develops Technologies to Predict Characteristics, Optimize Structures of Rubber Materials
Toyo Tire Corp. (TYO:5105) has developed new technologies that are able to predict the characteristics and optimize the structures of rubber materials. The company is positioning these as part of Nano Balance Technology, a proprietary platform for rubber material development. To power these new technologies, Toyo Tires is employing materials informatics (MI), a field that utilizes the likes of AI...
Tokai Carbon Raises All Carbon Black Prices by 6 Yen Per Kilogram
Tokai Carbon Co. Ltd. (TYO:5301) has raised prices by 6 yen per kilogram for all carbon black products, implementing this for all shipments to be delivered from May 1 onward. In explaining the price increase, the major carbon black manufacturer says that, due to the International Maritime Organization (IMO) tightening its restrictions on the permitted sulfur content of bunker fuel,...
