The Japan Automobile Tyre Manufacturers Association (JATMA) has revised its forecast of tire demand for the business year through next March, reflecting anticipated annual domestic demand for close to 118.83 million tires, an upward revision of 626,000 tires from the initial forecast. The upward revision adds a full percentage point to the expected year-on-year increase in fiscal 2017 annual domestic...
Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that effective Jan. 1, 2018, it will consolidate the Sumitomo Rubber Group’s sports business by merging Dunlop Sports Co. Ltd. (TYO:7825), a sports business subsidiary, and Dunlop International Co. Ltd., the Group’s overseas Dunlop-brand sporting goods and licensing company. By consolidating its sports business, Sumitomo Rubber is looking to leverage the company’s management...
Bridgestone Corp. (TYO:5108) has joined JFE Steel Corp. and JFE Civil Engineering & Construction Corp. to jointly develop a new intermediate viscoelastic damper. Serving to control vibrations, it absorbs the energy generated by an earthquake and efficiently reduces the swaying experienced by buildings. Bridgestone builds the panels used in the viscoelastic body, while JFE Steel makes the upper and lower...
Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
Safety and sanitary equipment manufacturer Midori Anzen Co. Ltd. last month began selling work gloves made by Sri Lankan glove maker Advanced Technology Group Inc. (ATG). All 28 models from ATG’s four series are available. Midori Anzen sells the gloves on the Internet and elsewhere. The leading product among ATG’s 28 models is the MaxiFlex Ultimate work gloves. They have...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and...
