coronavirus

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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Natural Disasters Keep Infrastructure-Related Demand Strong Even Amid COVID-19

While economic conditions are taking a hit from COVID-19, Japan’s demand for infrastructure-related products has avoided any major slump, staying comparatively firm. The infrastructure maintenance sector makes use of a wide range of rubber and plastic products for all sorts of applications. This includes conveyor belts and hoses used for moving materials and dirt at building sites, as well as...

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Interview: Gates Unitta Asia VP Shuji Miyamoto Sees Recovery in Q3 of Calendar Year

After taking a hit from COVID-19, Gates Unitta Asia Co. (GUA) now sees signs of recovery as it heads into the third quarter of the calendar year. Japan Rubber Weekly recently sat down with Shuji Miyamoto, who serves as VP at the auto parts supplier, to get some insight into the company’s business results, overseas performance and management strategies. Miyamoto...

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Sumitomo Riko’s Q1 Results Reveal Major Revenue Drop Due to COVID-19

Sumitomo Riko Co. Ltd. (TYO:5191) has revealed major downward trends in its business results for the first quarter of fiscal 2020. The company posted sales revenue of 65.38 billion yen ($620.49 million) for the quarter, down by 43.4 percent; an operating loss of 8.04 billion yen, down from a profit of 2.04 billion yen; and a net loss of 7.38...

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Toyo Tires Sees US Business Propped up by Strong Results for Large-Diameter Tires

Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...

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Shin-Etsu Polymer Posts Declining Results for Q1 as Coronavirus Hits Automotive Industry

Shin-Etsu Polymer Co. Ltd. (TYO:7970) recently posted its business results for the first quarter of fiscal 2020, revealing a drop in both sales revenue and profits. The company ended the quarter with sales of 18.33 billion yen ($171.49 million), down by 5.7 percent year-on-year; operating profit of just under 1.36 billion yen, down by 25.3 percent; ordinary profit of 1.58...

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