Sumitomo Rubber President Satoru Yamamoto recently looked back on the year 2022 and discussed the company’s EV tires and sensing core business initiatives. Looking Back at 2022 Yamamoto said that with regard to the economic environment, the outlook remained uncertain due to the continuing impact of the coronavirus pandemic and the situation in Ukraine, as well as further inflationary pressures....
Bando Chemical’s first half (April-September) results (IFRS) showed revenue of 52.2 billion yen ($378.70 million), up 13.1 percent year-on-year; and core operating profit of 3.65 billion yen, down 16.6 percent. Sales of products remained strong despite the lingering impact of the coronavirus pandemic. Sales also increased due to the weaker yen. On the other hand, the cost of sales ratio...
Are we on the way toward a full-fledged recovery in demand? As rubber and plastic product manufacturers continue to announce their first half (April-September) earnings results for the fiscal year ending March 31, 2023, a recovery trend becomes visible in the automobile industry, the main source of demand. With the global economic outlook uncertain, it remains to be seen whether...
Dow Chemical Japan announced on November 9 that it will raise the prices of raw materials for polyurethane starting from deliveries on December 1. The products subject to the price increase and the range of the price increase 20 percent or more from the current price for polyols (North American and European origin) and polyurethane system products (for the automotive...
Yokohama Rubber’s sales increased by 28.8 percent year-on-year to 391.48 billion yen ($2.81 billion) in the first half (January-June) of the fiscal year ending December 31, 2022. Business profit for the period was 27.73 billion yen, up 5.3 percent; and net income was 23.31 billion yen, down 36.9 percent. The factors for increases and decreases at the business profit level...
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....
