JSR Corp. (TYO:4185) announced on Nov. 11 that it has started construction of the JSR Bioscience and Informatics R&D Center (JSR BIRD). Located within King Skyfront – an international R&D hub in Tonomachi, Kawasaki, Kanagawa Prefecture – this new research institute is scheduled to open in July 2021 with a total floor space of 6,440 square meters. Through this project,...
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Yokohama Rubber Subsidiary Wins Silver Medal for Agricultural Tires at World-Leading Trade Fair
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that Alliance Tire Group KK, a subsidiary focused on off-highway tires, has won an Agritechnica Innovation Award Silver Medal for its Alliance 398 MPT agriculture tire. Medals here were awarded based on an advance screening of products exhibited at Agritechnica 2019, which is the world’s leading trade fair for agricultural machinery and was...
Bridgestone Makes Downward Revision to Projected Business Results for 2019
Bridgestone Corp. (TYO:5108) has made a downward revision to its earnings forecast for calendar 2019, with both sales and profit estimates being lowered from the company’s previous forecast. By Bridgestone’s estimates, tire demand for calendar 2019 is expected to see a particular drop in Europe, as well as in Asia – the latter being defined here as Thailand, Indonesia, India...
Denka to Withdraw From EVA Emulsion, Vinyl Acetate Resin Businesses
Denka Co. Ltd. (TYO:4061) recently announced that it is planning a business withdrawal for ethylene–vinyl acetate (EVA) emulsion and vinyl acetate resin. The company intends to stop its operations here by August 2021. Denka has been producing and selling these two materials since the 1970s, and has worked constantly to cut costs while pursuing a number of other business improvements....
Sumitomo Rubber CEO Satoru Yamamoto Discusses Business Goals Under Smart Tyre Concept
More than half a year has passed since Satoru Yamamoto was inaugurated as president and CEO of Sumitomo Rubber Industries Ltd. (TYO:5110) this March. Talking recently about his plans going forward, Yamamoto said that he intends to utilize the company’s globally constructed Smart Tyre Concept – which incorporates production, sales, tire development and the rollout of related services – to...
Carbon Masterbatch Demand for Leading Japanese Firms Expected to Fall Short of 140,000-Ton Mark
Japanese producers of carbon masterbatch (CMB) have seen an uptick in performance over recent years, highlighting good conditions in the local industry for rubber refining. However, developments in 2019 have raised concerns over the current direction of the market. Looking at the figures of 24 companies under the Japan Polymer Mixing Manufacturers Association (JPMA), CMB production trended upward for 2017,...
