forecast

Japan’s Total Carbon Black Demand Expected to Fall 0.6% for 2020

Japan’s total demand for carbon black is expected to drop for a second consecutive year, according to a recent forecast from the country’s Carbon Black Association. Including exports, demand here is estimated at 775,218 tons for 2020, which would mark a year-on-year decline of 0.6 percent. Demand for rubber applications – this being calculated based on forecasts of customer sectors...

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Sumitomo Rubber Calculates 18.2B Yen Impairment Loss for 2019, Lowers Profit Projections

Sumitomo Rubber Industries Ltd. (TYO:5110) has made a revision to its earnings forecast for calendar 2019, driven in large part by the company factoring in expenses of 18.2 billion yen ($165.74 million) in impairment losses. These impairment losses relate both to fixed assets as well as to goodwill, which represents the discrepancy between fair market value and purchase price in...

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Japan’s Rubber Hose Production Expected to Fall for Second Consecutive Year in 2020

The Japan Rubber Hose Manufacturers Association has published a forecast pointing to a decline in Japan’s rubber hose market over 2019–2020. Released on Nov. 26, the forecast estimates that while Japan’s high-pressure hose production is set to rise for 2020, the market for automotive hoses looks likely to fall, causing the country’s overall production of rubber hoses to drop for...

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JATMA Midyear Forecast Revision Points to 2% Year-on-Year Drop in Domestic Tire Demand for 2019

The Japan Automobile Tyre Manufacturers Association (JATMA) recently published a midyear revision to its forecast of Japan’s automotive tire demand for 2019. The forecast shows that in terms of overall domestic figures – which include tires not only for four-wheeled vehicles but also for two-wheelers and other special vehicles – demand is projected to come to 117,517,000 tires for 2019,...

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Major Tire Companies Plan Production Increases for 2019 While Projecting Rising Sales, Falling Profits

Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...

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Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...

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