coronavirus

Mitsui Chemicals Receives Letter of Gratitude From METI for Supplying Emergency Medical Goods During COVID

Mitsui Chemicals Inc. (TYO:4183) has received a letter of gratitude from the Ministry of Economy, Trade and Industry (METI), thanking the company for working over the past year to boost its raw material production for medical gowns, masks and so on. With COVID-19 starting to spread widely around the world last spring, there was a shortage of medical gowns. And...

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Bridgestone Forecasts Second COVID Wave Will Reduce 2020 Demand

Bridgestone Corp. (TYO:5108) has announced its business results forecast for the full fiscal year through December 2020, including an adjustment for anticipated decline in demand during the October–December fourth quarter due to a second wave of the COVID-19 pandemic. The forecast calls for total sales revenue of 2.89 trillion yen ($28 billion), a 7 percent increase from the previous forecast...

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JRW Report: Rubber and Resin Conveyor Belts See Spotty Demand Amid Coronavirus

Demand for rubber and resin conveyor belts remains spotty as the industry is impacted by the wide division of peaks and valleys it faces. Since the spread of COVID-19, demand for rubber and resin parts has declined for many applications, as is the case with other rubber and resin products. On the other hand, there are also applications for which...

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Sumitomo Rubber Makes Upward Revision to Results Forecast for 2020

Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the first three quarters of calendar 2020. But despite figures here being considerably down versus the same period last year, the company announced that it was making an upward revision to its projected results for this year as a whole. Sales revenue for the period came to 540.25 billion...

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JRMA Delays 70th Anniversary Celebrations, Highlights Challenges Posed by COVID

The Japan Rubber Manufacturers Association (JRMA) held its 21st board of governors meeting on Oct. 29. But the JRMA’s anniversary commemoration, which had originally been planned for the same day, did not go ahead. Speaking at the board of governors meeting, Chairman Ikuji Ikeda said that while the JRMA had planned to commemorate its 70th anniversary – crossed on July...

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COVID-19 Shows Little Impact on Japan’s Retread Tire Market

Showing no signs of subsiding, the COVID-19 pandemic continues to disrupt the world’s economic activities – and the Japanese rubber industry has been no exception to this. So how has the retread tire industry been affected? Japan Rubber Weekly asked a number of domestic tire companies to find out. A common sentiment in the sector was that the impact of...

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