Mitsui Chemicals will transfer all shares of its consolidated subsidiary Mitsui Phenols Singapore (MPS) to Ineos effective March 1, 2023. MPS will be excluded from the scope of consolidation of Mitsui Chemicals as a result of the share transfer. MPS has been developing its phenol business – including phenol, acetone, bisphenol A, and α-methylstyrene – in Singapore since its establishment...
Bridgestone will collaborate with Microsoft to accelerate the strengthening and expansion of its premium tire and solutions businesses using Microsoft Azure, a cloud service that is advanced, reliable, and highly compatible with the mobility industry. The two companies started working together in 2020 to provide a tire monitoring system using the Microsoft Connected Vehicle Platform (MCVP) on Azure and share...
Bridgestone is set to bolster investment in the two natural rubber plantations it owns in Indonesia. Setting its sights on the sustainable supply of natural rubber as a renewable resource, the company aims here to increase the productivity of these natural rubber plantations, with plans to invest some $26.7 million in them by 2030. Bridgestone then intends to leverage the...
This article follows part 1 in a series of 2 on second quarter financial results (January-June of the fiscal year ending December 31, 2022) of the four large Japanese tire manufacturers. Sales increased by double digits year-on-year for all four companies. With its strong demand and weak yen exchange rate, the U.S. market was one of the factors that contributed...
Japan’s four major tire manufacturers have now all posted their financial results for January–June 2022. The four companies – Bridgestone, Yokohama Rubber, Sumitomo Rubber, and Toyo Tires – each achieved double-digit increases to their sales revenue when compared to the first half of the previous year, on top of which the first two of these companies managed a year-on-year increase...
Japan’s Carbon Black Association has in its mid-year review of carbon black demand revised its forecast of total demand – including exports – for the year to 754,670 tons, up 5.0 percent from the previous year. This marks a downward revision of 0.4 points from the initial forecast of 757,840 tons, which would have seen an increase of 5.4 percent....
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