A recent Japan Rubber Weekly survey has found that, between the 23 major rubber and synthetic rubber manufacturers who responded, a total of 1,096 new graduates have been hired in the Japanese rubber industry for spring 2018. This figure is down by 21 graduates, or 1.9 percent, from the 1,117 new graduates hired by the respondents last spring. However, 10...
The Chemical Society of Japan (CSJ) has selected synthetic rubber created using monovinyl acetylene (MVA) as one of three historical chemical developments to be newly deemed “chemical heritage”. The MVA production method for synthetic rubber was invented by the late Junji Furukawa, a professor emeritus from Kyoto University’s Faculty of Engineering. Synthetic rubber made using the method successfully completed industrial...
Member unions of the Japanese Rubber Workers Union Confederation (JRC) have submitted their wage demands at the group’s annual spring labor offensive, directing most of their efforts toward large rubber companies. Looking specifically at the per-company wage demands for 35-year-old workers in the tire industry, unions are demanding a 5,600 yen ($52.70) increase from Bridgestone Corp. (TYO:5108), a 5,500 yen...
Kuraray Co. Ltd. (TYO:3405) announced on March 7 that it has inked a joint venture agreement with Sumitomo Corp. (TYO:8053) and Thai-based PTT Global Chemical PCL (PTTGC) for a butadiene derivative business. The three companies began detailed feasibility studies in September 2016. Ahead of the final decision on investment, they signed an agreement to hold further discussions and to file...
Business is expected to stay robust for the construction machinery industry, which is a major source of demand for high-pressure hoses. According to data recently released by the Japan Construction Equipment Manufacturers Association (CEMA), the shipment value of construction equipment is expected to rise 5 percent year-on-year for fiscal 2018, reaching a total of 2.4 trillion yen ($22.61 billion). Driven...
Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...
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