Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
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JSR Corp. (TYO:4185) has seen an improvement in the sales of its solution styrene butadiene rubber (S-SBR), with sales volume in the second quarter (July–September) of fiscal 2016 rising around 15 percent over that of the same quarter last year. While the company’s elastomer division has seen a second-quarter fall in revenue and profit on account of a strong yen...
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