Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...
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Japanese producers of carbon masterbatch (CMB) have seen an uptick in performance over recent years, highlighting good conditions in the local industry for rubber refining. However, developments in 2019 have raised concerns over the current direction of the market. Looking at the figures of 24 companies under the Japan Polymer Mixing Manufacturers Association (JPMA), CMB production trended upward for 2017,...
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Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...
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Toyo Tire Corp. (TYO:5105) recently announced that U.S. tire manufacturing subsidiary Toyo Tire North America Manufacturing Inc. (TNA) has produced its 50 millionth tire since beginning operations. The 50 millionth tire to be manufactured at TNA was a Ridge Grappler, a light truck tire sold under the Nitto brand. The series has earned itself a strong reputation for its combination...
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Kuraray Co. Ltd. (TYO:3405) is set to build a new factory in Thailand for the production of thermoplastic elastomers (TPEs) and highly functional resins. Located in the Hemaraj Eastern Industrial Estate, part of Thailand’s Map Ta Phut complex, the new factory is slated for completion at the end of 2021. Kuraray will use the location to provide 13,000 tons of...
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Yokohama Rubber Co. Ltd. (TYO:5101) is planning for Yokohama Tire Philippines Inc. (YTPI), its manufacturing subsidiary in the Philippines, to return to full production capacity by the end of 2020. This follows a fire that occurred at YTPI on May 14, 2017, affecting approximately 17,400 square meters in the northeast sector of the subsidiary’s East Plant. The plant’s buildings and...
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