On June 14, Fujikura Composites held an online financial results meeting for the fiscal year ending March 31, 2024. For the period, net sales were down 7.1% year-on-year to 37.79 billion yen ($234.86 million), operating income was down 18.2% to 3.62 billion yen, ordinary income was down 24.2% to 3.90 billion yen, and net income was down 17.6% to 3.25...
Sumitomo Rubber will begin offering its Tire Pressure and Temperature Management Service, which monitors tire pressure and temperature for trucks and alerts users of abnormalities, at Dunlop truck tire dealers from July 8. The service combines a TPMS (Tire Pressure Monitoring System) with four types of tools tailored to user needs to utilize tire pressure and temperature information from installed...
Togawa Industry will raise the prices of all of its products, including plastic hoses, beginning with deliveries on July 21. Prices for general-purpose catalog products will be increased by 20% or more for PVC tubing and pressure-resistant and non-PVC pressure-resistant products, and by 10% or more for drain hoses and other products. The company said, “Since the price revisions were...
Although there are variations by region, manufacturer, and product type, demand for synthetic rubber is increasing amid a general recovery trend in automobile and tire production. Yet in spite of these signs of a turnaround in demand, which had been declining due to inventory adjustments by auto parts manufacturers in the aftermath of the coronavirus pandemic, the environment surrounding synthetic...
Mitsuboshi Belting will construct a new four-story building at its Nagoya Plant in Komaki City, Aichi Prefecture, that will house both production lines and an automated warehouse distribution system. The investment will be approximately 6 billion yen ($37.43 million), with operations scheduled to begin in May 2026. The site area is set to be approximately 5,300 square meters and total...
Shin-Etsu Chemical announced that it will raise the prices of all silicone products handled by its Silicone Division in Japan and overseas by more than 10% beginning with shipments on July 1. Regarding the price increase, Shin-Etsu Chemical said, “the silicone product environment is characterized by rising costs for raw materials and energy used in manufacturing, as well as rising...
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