Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya has been appointed as Honorary Investment Advisor to the Thailand Board of Investment (BOI). The position was established to assist the BOI in promoting Thailand as an attractive investment destination to Southeast Asia and the world. The appointment is in recognition of the Bridgestone group’s contributions to Thailand’s development from...
Asahi Kasei Chemicals Corp. sales volume for solution styrene butadiene rubber (S-SBR) increased over the previous year during the first half of fiscal 2015 (April-September). The Chinese economy and falling automobile sales during the first half had a negative effect on the rubber industry, while Asian tire manufacturers adjusted their production prior to the summer. Even so, an Asahi Kasei...
Yokohama Tire Manufacturing Virginia LLC (YTMV) has recently become the company’s first U.S. manufacturing center to achieve a zero-emissions target eliminating waste sent to landfills. The tire producer and seller, based in Salem, Virginia, is a U.S. subsidiary of Yokohama Rubber Co. Ltd. YTMV designs and develops products and manages plants to minimize the company’s environmental impact and work toward...
Hideo Tsuji, president and CEO of Lanxess K.K. (and head of Rhein Chemie Additives Business Unit in Japan and Korea), said at a recent event that he has two key strategies for leading the company’s business in Japan. The first involves products. Tsuji is intent on stepping up Lanxess’s role as a worldwide partner for its customers amidst rapidly advancing...
For fiscal 2015 as a whole, many Japanese auto parts manufacturers anticipate a turn for the worse. This is particularly true overseas, where besides deceleration in China and elsewhere in Asia, and a sluggish South American economy, output is down at European car companies. The Brazilian economy began shifting down last year, and it will likely continue to do so...
Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya stated that the company has not ruled out buying more companies in the same industry. However, he added that although money makes an acquisition itself possible, the important thing is that a lack of strategic value, such as synergies coming after integration, complicates matters. Tsuya went on to say that...
