Toyo Tire Corp. (TYO:5105) is temporarily limiting its production to respond to the reduced global tire demand being seen as a result of the novel coronavirus. The company is making a series of production adjustments at its Sendai Plant in Iwanuma, Miyagi Prefecture, halting production over April 3–9 before before plans to resume these operations on April 10. The company...
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Yokohama Rubber’s BluEarth Tires Selected as OE for New Nissan Roox
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has started supplying the BluEarth-FE AE30 as an OE tire for Nissan Motor Co. Ltd.’s (TYO:7201) new Nissan Roox, a kei-class light vehicle launched on March 19. The tire is being supplied in the size of 155/65R14 75S. The BluEarth-FE AE30 is a fuel-efficient standard tire under the BluEarth series, which...
Toyoda Gosei Names Toru Koyama as Next President
Toyoda Gosei Co. Ltd. (TYO:7282) named Executive Vice President Toru Koyama as its next president at a board meeting held on March 20. The company also appointed current president Naoki Miyazaki as its next chairman at the same meeting. Both of these appointments will be officially made at Toyoda Gosei’s general shareholders’ meeting scheduled to be held in June and...
Sumitomo Rubber Answers Question on Coronavirus Countermeasures at General Meeting of Shareholders
Sumitomo Rubber Industries Ltd. (TYO:5110) held its latest general meeting of shareholders at 10:00 a.m. Thursday, March 26, hosting this at its headquarters in Kobe, Hyogo Prefecture. A total of 190 shareholders attended the event, which lasted for 54 minutes. One of the shareholders asked what Sumitomo Rubber is doing for novel coronavirus countermeasures – such as cost-cutting or reconsidering...
Sumitomo Rubber Develops New Natural Rubber Grade With Reduced Odor
Having identified factors behind the unpleasant odors of natural rubber, Sumitomo Rubber Industries Ltd. (TYO:5110) has developed what it calls Reduced Odor Natural Rubber, a product that cuts down on this issue in a major way. To create this new product grade, Sumitomo Rubber has introduced a proprietary method for the processing of raw materials at Sumirubber Thai Eastern Corporation...
Falling Naphtha Prices Bring About Strong Expectation of Price Drops for Synthetic Rubber
Naphtha prices, which serve as a basis for the likes of the synthetic rubber market, are showing a significant drop amid tough market conditions. As of March 24, prices in Tokyo’s open-spec naphtha market are sitting at a median of $195 per ton when looking at product set to be delivered in late May. This is roughly a third of...
