Kuraray Co. Ltd. (TYO:3405) announced on March 7 that it has inked a joint venture agreement with Sumitomo Corp. (TYO:8053) and Thai-based PTT Global Chemical PCL (PTTGC) for a butadiene derivative business. The three companies began detailed feasibility studies in September 2016. Ahead of the final decision on investment, they signed an agreement to hold further discussions and to file...
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Kawaichi Tech Co. Ltd. has acted as the only rubber and resin company to take part in a recent Indian business tour for market development opportunities in the area of water treatment. The event, held over Feb. 13–16 in Bengaluru and New Delhi, was sponsored by the Japan External Trade Organization (JETRO). Kawaichi Tech operates in numerous areas relating to...
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Yokohama Rubber Co. Ltd. (TYO:5101) is stepping up efforts to expand sales of its ibar series of resin hoses for high-pressure hydrogen dispensing. The ibar series was co-developed with Iwatani Industrial Gases Corp. to allow hydrogen dispensing for fuel cell vehicles, which are expected to rise in popularity moving forward. With a hybrid structure combining fiber and steel wires, products...
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Business is expected to stay robust for the construction machinery industry, which is a major source of demand for high-pressure hoses. According to data recently released by the Japan Construction Equipment Manufacturers Association (CEMA), the shipment value of construction equipment is expected to rise 5 percent year-on-year for fiscal 2018, reaching a total of 2.4 trillion yen ($22.61 billion). Driven...
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Yokohama Rubber Co. Ltd. (TYO:5101) is set to launch its new 710R all-season truck and bus tire in Japan this March. Company president Masataka Yamaishi has described the new tire as being the first large-sized truck and bus tire to be domestically launched by Yokohama Rubber in the last 10 years. Offering dramatic improvements to wear resistance and uneven wear...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) has launched its new NanoEnergy M676, designed for use as an all-weather, fuel-efficient tire for trucks and buses. The NanoEnergy M676 makes use of Toyo Tires’ proprietary design technology for truck and bus tires, e-balance, along with the company’s proprietary materials design platform technology, Nano Balance Technology. In doing so, the NanoEnergy M676...
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