Sumitomo Rubber Industries Ltd. (TYO:5110) announced on Aug. 7 that it has established production facilities for truck and bus tires at its South Africa Factory, beginning production for this on July 19. Having invested approximately 970 million rand ($64.73 million) into the facilities, the company expects that production capacity will get up to 750 truck and bus tires per day...
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Bridgestone Corp. (TYO:5108) U.S. subsidiary Bridgestone Americas Inc. recently announced plans to increase its production capacity for off-the-road tires. Taking place at a plant in Bloomington, Illinois, this expansion will cost the company $12 million and is slated for completion at some point in 2020. The project will see the plant begin producing 29-inch, 33-inch and 35-inch tires for small-...
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Asahi Kasei Corp. (TYO:3407) is planning an increase to production capacity for its solution-polymerized styrene–butadiene rubber (S-SBR) business, which has continued to achieve a high level of sales. The company’s facilities here are currently operating at full capacity. Moving forward, Asahi Kasei projects that sales under the business will continue growing steadily for fiscal 2018. As S-SBR is now used...
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JSR Corp. (TYO:4185), a leading manufacturer of synthetic rubbers, is promoting its sales of solution-polymerized styrene–butadiene rubber (S-SBR) products that utilize the company’s solutions and highly functional materials. These efforts are focused on applications in fuel-efficient tires. While the S-SBR market has been projected to grow 6 to 7 percent per year by sales volume between 2015 and 2019, JSR...
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NOK Corp. (TYO:7240) President Kiyoshi Doi recently commented on the solid performance of his company’s seal business for the fiscal year ended March 31, 2018. Orders have been higher than expected, he said, leaving the company operating at full capacity – and so, he continued, NOK will make major investments this fiscal year to expand its facilities. Doi explained that...
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Mitsui Chemicals Inc. (TYO:4183) has announced that it will set up new production facilities for Milastomer, a thermoplastic olefin (TPO) elastomer, at its U.S. production base Advanced Composites Inc. in Ohio. The move will take an investment of approximately 1.5 billion yen ($14.24 million), and will establish facilities with an annual production capacity of 6,000 tons. Construction is slated to...
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