Kumho Tire Japan Inc. will increase its domestic prices on tires by 7 percent from April 1, following a similar announcement made recently by Yokohama Rubber Co. Ltd. (TYO:5101). The change will apply to tires for passenger vehicles, vans, trucks and buses. A representative from Kumho Tire stated that the company could not absorb the rising prices of both natural...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) President Takashi Shimizu has released the company’s 2017 medium-term management plan, covering the four fiscal years from 2017 to 2020. The plan details the company’s aim to reach annual figures of 480 billion yen ($4.18 billion) in consolidated sales, 60 billion yen in operating profits and a 12.5-percent operating profit margin for the...
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Bridgestone Corp. (TYO:5108) is launching its new Vortech line of rubber tracks this month. Designed specifically for compact tracked loaders, the new line is available in 450 millimeter-wide sizes. With an eye to improved workability, the new rubber tracks have been designed in a pursuit for responsiveness, workability and driving experience. By optimizing the internal structure and tread pattern of...
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Output for flexible intermediate bulk containers (FIBCs) totaled 3.753812 million units over January–December 2016, a 17-percent year-on-year decline, according to the Japan Flexible Container Association. Despite there having been a demand increase in the petrochemical industry in 2015, demand surrounding decontamination work has faired worse. Construction of interim storage facilities have been delayed and work on residential areas has settled...
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Sumitomo Chemical Co. Ltd. (TYO:4005) and Saudi Aramco have been moving forward somewhat more slowly than anticipated with the ethylene propylene diene monomer (EPDM) plant under their joint Petro Rabigh project. But now the plant, scaled at 75,000 tons in annual production, looks to achieve mechanical completion sometime around April–June this year. Once there are finished products on hand, plans...
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Japanese automotive manufacturers produced a total of 9.204696 million vehicles over January–December 2016, according to the Japan Automobile Manufacturers Association (JAMA). This represents a 0.8-percent year-on-year decline, the second decrease in the last two years. By automobile type, passenger vehicles moved into a positive from a year-on-year negative for 2014–2015, with 7.873886 million vehicles produced for a 0.6-percent increase in...
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