forecast

JATMA Releases Midyear Update to 2018 Tire Demand Forecast

The Japan Automobile Tyre Manufacturers Association (JATMA) has revised its forecast of tire demand for the business year through next March. Total domestic demand in the updated forecast – covering four-wheel vehicles, two-wheel vehicles and non-four-wheel specialty vehicles – was upwardly revised by 75,000 tires. But with higher figures having been confirmed for 2017 since the previous forecast, this still...

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Fujikura Rubber Expects to See Slight Drop-off Following Stellar Run

Fujikura Rubber Ltd. (TYO:5121) has been getting strong performance out of its sales divisions for industrial products, control equipment and golf club carbon shafts. The company saw increased revenue for the fifth consecutive year in fiscal 2017 – as well as increased profit for three consecutive years. Automotive-related exports have grown in countries including China and Vietnam, with particular growth...

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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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