Sumitomo Riko Co. Ltd. (TYO:5191) held a ceremony in Thailand to mark the opening of SumiRiko Chemical and Plastic Products (Thailand) Ltd. (SRK-CP). A subsidiary of Sumitomo Riko in Rayong Province, SRK-CP manufactures and sells precision parts for office equipment. Tetsu Matsui, Sumitomo Riko president and COO, said at the ceremony, which took place in early November, that he hopes...
In October, the number of automobiles produced in Japan fell 0.5 percent compared to the same month the previous year, to 813,110 units, marking the sixteenth straight monthly decline. The slump in automobile manufacturing has led to an across-the-board drop in production of automotive rubber products. According to statistics from Japan’s Ministry of Economy, Trade and Industry (METI), total production...
The palpable economic slowdown that has continued in China since last year is impacting the rubber industry with increasing severity, both directly and indirectly. With China’s economic situation seen as being more severe than is generally portrayed in news reports, grim views on its future are overwhelmingly prevalent. In the rubber industry, for instance, there has been a slump in...
Yujiro Kanahara has been named president of Nippon Goodyear Ltd. Kanahara succeeds Dale Brackin, who successfully served as interim president during the transition period since October 2015 when Nippon Goodyear and Sumitomo Rubber Industries Ltd. (TYO:5110) ended their alliance. Kanahara joined Bridgestone Corp. (TYO:5108) in 1978, where over the years he held positions in product planning, sales and marketing and...
Bridgestone Corp. (TYO:5108) has developed a simple technique for diagnosing white root rot disease. Caused by the plant pathogen Rigidoporus microporus, the disease affects para rubber trees, a source of natural rubber. Bridgestone aims to contribute to para rubber tree conservation efforts and a stable supply of natural rubber. The new technique applies a biotech method called loop-mediated isothermal amplification,...
Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya has been appointed as Honorary Investment Advisor to the Thailand Board of Investment (BOI). The position was established to assist the BOI in promoting Thailand as an attractive investment destination to Southeast Asia and the world. The appointment is in recognition of the Bridgestone group’s contributions to Thailand’s development from...
