With a view to further expanding its chemical business in the U.S., chemical manufacturer Ube has reorganized its chemical business affiliates there and established a new subsidiary to serve as a control company, Ube Corporation America. Under its medium-term management plan, “Ube Vision 2030 Transformation – 1st Stage,” the company has set “pursuit of global profit growth centered on specialty...
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Okayasu Rubber has established on Aug. 1 a new wholly owned U.S. subsidiary, Okayasu Rubber America. The new company is located in San Antonio, Texas, and started operations on Nov. 1. Okayasu Rubber is a trading company of rubber products for the rubber industry that also has a production base. It has manufacturing and sales bases in Malaysia as well...
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Bridgestone Americas Inc. (BSAM), the U.S. subsidiary of Bridgestone Corp. (TYO:5108), announced on Sept. 15 that it will sell all shares of its wholly owned subsidiary Speedco Inc. to U.S.-based Love’s Travel Stops & Country Stores Inc. The sale price was not disclosed. Speedco provides automotive lube, maintenance and other services to the trucking industry, and owns 52 stores in...
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Speaking with Japan Rubber Weekly in an interview, Nitta Corp. (TYO:5186) President Motonobu Nitta said that regarding overseas development in 2017, the company has completed the facility at its U.S. plant and is now installing equipment. Operations are expected to start in July. In Thailand, the focus will be on Nitta Moore hose and tube products, where local production of...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) will expand its research and development capabilities at its Toyo Tire North America Manufacturing Inc. (TNA) facility located in White, GA, to strengthen its North American business. Scheduled for completion during 2017, the expansion will build on the product development capabilities and the resources and personnel at the existing TNA R&D department. Established...
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Japanese tire companies are reaping higher profits in the North American market with the help of a livelier U.S. economy. That help is coming in the form of strong sales of large vehicles in the U.S. that is creating major demand for large tires fitted onto pickup trucks and SUVs. Bridgestone Corp. (TYO:5108) has responded to this demand by announcing...
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