forecast

Construction Equipment Demand Expected to Boost High-Pressure Hoses in 2018

Business is expected to stay robust for the construction machinery industry, which is a major source of demand for high-pressure hoses. According to data recently released by the Japan Construction Equipment Manufacturers Association (CEMA), the shipment value of construction equipment is expected to rise 5 percent year-on-year for fiscal 2018, reaching a total of 2.4 trillion yen ($22.61 billion). Driven...

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Japan Belting Manufacturers Association Releases Demand Forecast for 2018

The Japan Belting Manufacturers Association recently published a 2018 demand forecast for rubber and resin belts. As part of the report, the association estimated the 2017 production volume of rubber belts at 26,694 tons, marking a 1 percent year-on-year increase and a third consecutive year below 30,000 tons. While transmission belt production stayed flat for 2017, conveyor belt production rose...

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JRW Survey: Rubber, Resin Manufacturers Expect Positive Results for Fiscal 2017

Japan Rubber Weekly conducted a survey among the country’s rubber and resin product manufacturers midway through December 2017, looking to get their respective takes on the current climate of the rubber industry. Of the 169 companies that received the survey, 119 responded, making for a 70.4 percent response rate. When asked how sales will pan out for fiscal 2017, 44.2...

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Gates Unitta Asia Forecasts Full-Year Rise in Revenue and Profit Driven by China and Japan

Gates Unitta Asia Co. VP Shuji Miyamoto expects his firm to end this fiscal year with increases in both revenue and profit. Speaking to Japan Rubber Weekly, Miyamoto said that China and Japan were the main drivers of this growth during the first half of this year, and no significant slackening is anticipated for the second half. Looking at the...

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CEMA Finds 2017 Demand for Construction Machinery Stagnant in Japan but Increasing Abroad

Shipment values of construction machinery are forecast at 1.879 trillion yen ($16.575 billion) for the fiscal year ending March 2018, on a par with the previous year, according to the Japan Construction Equipment Manufacturers Association (CEMA). This projection is based on a January 2017 survey of CEMA’s 68 member companies. CEMA Chairman and President of Hitachi Construction Machinery Co. Ltd....

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2017 Forecast: Rubber Belt Demand Expected to be Flat, Resin Belt Demand to Increase 6%

According to statistics by the Japan Belting Manufacturers Association, the production volume of rubber belts for 2017 is expected to largely remain the same as 2016, at 26,339 tons. Both conveyor and transmission belt production is also expected to be about the same as 2016. This would mark the third year in a row that rubber belt production has been...

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