The Japan Automobile Tyre Manufacturers Association (JATMA) has compiled statistics on the recycling of scrap tires in Japan during 2016. The overall total of scrap tires in 2016 was 94 million units, a 1-percent year-on-year decline of 1 million tires. Measured in weight, this figure came in at 997,000 tons, a year-on-year drop of 3,000 tons. In the category of...
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Zeon Corp. (TYO:4205) recently announced SZ-20 Phase III, a new medium-term management plan covering the four fiscal years from 2017 to 2020. The plan sets a target for consolidated net sales of at least 500 billion yen ($4.47 billion) in fiscal 2020. Zeon expects that two businesses, elastomers and advanced functional materials, will each account for 250 billion yen of...
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Shin-Etsu Polymer (TYO:7970) recently gave details of its business performance for the fiscal year ending March 2017. The company, which manufactures products for silicone rubber molding and value-added resin treatment, made 73,979,000,000 yen ($663.79 million) in sales, down 1.4 percent from last year; 5,511,000,000 yen in operating profit, up 34.4 percent; 5,934,000,000 yen in ordinary profit, up 30.9 percent; and...
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Toyo Tire and Rubber Co. Ltd. (TYO:5105) will be relocating its headquarters on May 28, from Nishi-ku Ward, Osaka, to a location next to the company’s Tire Technical Center in Itami, Hyogo Prefecture. The new headquarters is set to open for business on May 29. The relocation represents an effort by Toyo Tires to centralize its operations, and will see...
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The Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it will dissolve its specialist motorsports subsidiary Yokohama Motorsports International Co. Ltd. (YMI) on June 30 and establish an internal motorsports department on May 1. YMI was established in April 2013 to promote and supervise the company’s motorsports activities, including the development and supply of tires for motor racing competitions. Since...
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The Falken Azenis FK510 tire, manufactured by Sumitomo Rubber Industries Ltd. (TYO:5110), recently managed to place second overall in a test conducted by German car magazine Auto Bild. Auto Bild regularly conducts tire comparison tests, using unique methods to compare tires sold in the European market by major manufacturers. Due to the magazine’s high popularity, the test results exert a...
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