The environment surrounding the Japanese rubber industry has been changing due to the ongoing depreciation of the yen, the decline in naphtha prices and the slump in China. These changes are a mixture of good and bad news for the rubber industry, but since they are all external factors, it is difficult for individual companies to influence them. Japan Rubber...
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Toyoda Gosei is aiming to strengthen its supply network for interior and exterior auto parts in central China. Plans here are set to see the company invest in Wuhan Binyu Auto Part by leveraging Toyoda Gosei (China) Investment, a consolidated subsidiary for the Chinese market. Wuhan Binyu is part of the Yibin Group, which supplies interior and exterior auto parts...
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Bridgestone is set to consolidate part of its aircraft retread tire production facilities in Asia. As part of this move, production in Hong Kong, China will cease at the end of June 2023, and will then be consolidated at Bridgestone Aircraft Tire Manufacturing in Thailand. The Hong Kong subsidiary currently supplies retreaded tires to airlines in Asia and Oceania except...
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Toyota Group company Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will establish a new plant in Guangdong, China, to bolster its production of airbags and steering wheels, which are major products for the manufacturer. The new plant will be established as a branch plant of subsidiary Toyoda Gosei (Foshan) Auto Parts Co. Ltd. With investment set to total...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to introduce its Dunlop e. Sport Maxx – the company’s first aftermarket tire for electric vehicles (EVs) – to the Chinese market, where demand for EVs is booming. The e. Sport Maxx is slated for an early launch in China this April. Then in 2023, Sumitomo Rubber is planning a European launch for...
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Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
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