market forecast

Sumitomo Riko President: Rapid Spread of EVs Demands a New Approach

Sumitomo Riko Co. Ltd. (TYO:5191) President Tetsu Matsui says that he feels a sense of crisis at the need for his company to adapt to the trend toward electric vehicles (EVs), which is moving faster than expected. As EVs become more prevalent, he said, there will be a reduction in use of anti-vibration rubber and hose products for internal combustion...

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Carbon Black Association Releases Updated Demand Estimates for 2017

The Carbon Black Association of Japan has released a mid-year update to its estimates of 2017 demand for carbon black. Demand including exports is now projected to rise 0.5 percent from last year to a total of 750,785 tons. While demand in tons has been downwardly revised from the previously projected 753,115 tons, the new figures indicate higher expected growth...

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CEMA Forecasts Construction Equipment Demand for Fiscal 2018 to Surpass 2 Trillion Yen

Shipment values of construction equipment are forecast at 2.78 trillion yen ($25.27 billion) in fiscal 2018, down 2 percent year-on-year, according to the Japan Construction Equipment Manufacturers Association (CEMA). Despite a decrease in demand, CEMA is forecasting shipment values to surpass the high mark of 2 trillion yen for the second year in a row. Shipment values in the domestic...

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