Arlanxeo announced on March 1 a same-day price increase for its Baypren chloroprene rubber (CR) across South America, Europe, the Middle East, Africa and Asia. With the markup, the price now becomes 700 euros per ton. The company said that the decision for the price hike came on account of production costs and overall market trends over the last several...
Japan’s export value of rubber products for 2016 decreased 16.1 percent year-on-year, falling to 819.4 billion yen ($7.18 billion), while import value fell 8.5 percent to hit 392.6 billion yen, according to data compiled by the Japan Rubber Manufacturers Association from the Trade Statistics of Japan. It was the third consecutive year of decline in value for exports and the...
Toyoda Gosei Co. Ltd. (TYO:7282) said it is installing liquefied natural gas (LNG) equipment at its Morimachi Plant and switching boiler fuel from heavy oil to LNG. The company eyes to start operations within February 2017. It is also planning to switch the liquefied petroleum gas (LPG) currently used in the heating furnaces in production processes to LNG by February...
Nihon Michelin Tire Co. Ltd. President Paul Perriniaux recently presented the company’s new Pilot Sport 4 S tire during a launch event held at Mercedes-Benz Connection Tokyo. Being a high-spec performance tire with superior operational stability and responsiveness in its high-level dry and wet grip characteristics, the new product becomes the flagship model for the Pilot Sport series. As of...
Inoac Corp. CEO Soichi Inoue recently sat down for an exclusive interview with Japan Rubber Weekly. The 87-year-old Inoue discussed the global expansion of the Nagoya-based company, a Japanese leader in rubber and resin-related products. With Inoac having overseas subsidiaries in some 80 locations across 13 countries, the company is expanding its business in the global market, Inoue said. The...
Nitta Corp. (TYO:5186) held a factory completion ceremony on Feb. 20 at Nitta Corporation (Thailand) Ltd. (NCT), the company’s Thai hose and tube production base. The ceremony was attended by over 80 people, including Thai government officials and customers. Nitta President Motonobu Nitta gave opening remarks, saying that the company is looking to contribute to Thailand’s development, as well as...
