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Marubeni Acquires Canadian Conveyor Belt Company

on March 18, 2024 in Industry

Marubeni has acquired Alternative Belting Enterprises and Alternative Belting (Van Island) Enterprises, a Canadian one-stop provider of rubber and plastic conveyor belts, conveyor belt system components, installation, and maintenance services. The acquisition was made through Marubeni’s wholly owned Canadian subsidiary, Viacore Solutions, and will enable the company to strengthen its operating base in Western Canada and expand its footprint from...

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Bridgestone Recognized for Promoting D&I

on March 14, 2024 in Industry

Bridgestone has been recognized by the Japan Women’s Innovative Network (J-Win), an organization established to support the promotion and establishment of diversity management in the corporate sector. The company has been awarded the “Basic Achievement Runner-Up Award” in the basic category of the “2024 J-Win Diversity Awards,” which are given to leading companies that promote diversity and inclusion (DE&I). Bridgestone...

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Bridgestone and NTT Accelerate Joint Research

on March 8, 2024 in Industry

NTT and Bridgestone have selected “Digital Twin,” “Sustainability,” and “Environmental and People-Friendly Urban Development through Tires” as joint creation themes that use the technological strengths of both companies, and began their efforts on February 29. The joint experiments will be promoted for each theme, with the aim of creating new technology and value by sequentially starting social implementation in the...

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Synthetic Rubber Production Down 16% in 2023

on March 7, 2024 in Industry, Materials

Synthetic rubber production for 2023 totaled 1,158,183 tons, down 16.0% from the previous year, according to a report by the Synthetic Rubber Industry Association. Production of general-purpose rubber, mainly used for tires, fell sharply, with SBR down 10.9% and BR down 15.5%. The Japan Automobile Tire Manufacturers Association (JATMA) reported a 3.4% decline in tire production for the same year....

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Report: Japanese Rubber Companies Face Challenging Economic Conditions Abroad

on March 6, 2024 in Industry

The U.S. and China are not only the two largest economies in the world, but also the world’s number one and number two consumers of new rubber. The economic situation in the two countries has had a significant impact on the performance of Japanese rubber companies. In China, in addition to economic stagnation, Japanese automakers are struggling with sales. In...

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Japanese Tire Majors Line up Record Profits

on March 5, 2024 in Industry, Tires

The four major Japanese tire makers posted record-high performance figures for the fiscal year ending December 31, 2023, citing the favorable external environment and the strong tailwind of lower ocean freight and raw material prices and a weaker yen as main reasons for the boosted earnings. The combined increase in the three business profit categories (adjusted operating income for Bridgestone...

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