The Japan Rubber Hose Manufacturers Association recently released its demand forecasts for rubber hoses for 2022 and 2023. According to the forecast, production (new rubber consumption) in 2022 is expected to exceed that of 2021 due to continued strong demand for high-pressure hoses throughout the year and a sharp recovery in automotive hoses from the second half of the year....
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Japan’s Carbon Black Association has in its mid-year review of carbon black demand revised its forecast of total demand – including exports – for the year to 754,670 tons, up 5.0 percent from the previous year. This marks a downward revision of 0.4 points from the initial forecast of 757,840 tons, which would have seen an increase of 5.4 percent....
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The Japan Automobile Tire Manufacturers Association (JATMA) recently released its 2022 Mid-Year Review of Japanese Automotive Tire Demand. This article is part of a series and follows part 1 published yesterday. Commercial Tire Dealer Sales Demand Trends As for passenger car tires, first half sales of summer tires were up 7 percent compared to the previous year. The second half...
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The Japan Automobile Tire Manufacturers Association (JATMA) recently released its 2022 Mid-Year Review of Japanese Automotive Tire Demand. According to the review, the 2022 forecast is expected to be 3 percent up for new vehicle tires when compared to the previous year, flat for after-market vehicle tires, 1 percent up for special vehicle tires and flat for motorcycle tires. The...
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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 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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