Nitta’s sales of plastic belts in the first half of the fiscal year ending March 31, 2025 (April-September) are expected to increase in the high single digits year-on-year, largely in line with plans. Sales in the food field have been the strongest, with growth in sales to convenience stores for onigiri rice balls, prepared foods, and other snack foods, as...
Demand for plastic belts remains strong. Although demand from the logistics industry due to the booming online shopping business has slowed down, both production volume and shipment value have been higher than the previous year, supported by stable demand from the food industry. In the future, demand for logistics is expected to pick up again due to the construction of...
Bridgestone has been ranked first for the third consecutive year in the Automobile, Auto Parts, and Tire category of the Securities Analysts Association of Japan’s Awards for Excellence in Corporate Disclosure for fiscal 2024. The awards have been held annually since fiscal 1995 with the aim of improving corporate disclosure, and this year marks the 30th award. The disclosure study...
On October 2, the European Commission announced that it would propose a one-year extension of the EU Deforestation Regulation (EUDR), which was originally scheduled to take effect on December 30, 2024 for large companies and on June 30, 2025 for small and medium-sized companies. Japanese domestic tire manufacturers and others have been taking steps to apply the regulation and have...
Lanxess signed an agreement to sell its Urethane Systems business to Ube. The value of the business is equivalent to 460 million euros ($503.3 million), and the sale price is expected to be approximately 500 million euros. With this transaction, Lanxess will exit its last polymer business. The Urethane Systems business has five manufacturing sites worldwide and laboratories for application...
Sumitomo Rubber has resolved at a meeting of its board of directors to conclude a share transfer agreement for the transfer of all shares of its consolidated subsidiary, Dunlop Sports Wellness, to Nagase Brothers. The transfer is scheduled to take place in early December 2024. Regarding the share transfer agreement, the company said, “Dunlop Sports Wellness has been striving to...
