With many Japanese rubber companies having bases in the U.K., its recent referendum result to leave the EU will likely have an impact on the Japanese rubber industry. Recent interviews by the Japan Rubber Weekly revealed that, although Japanese rubber companies are worried about Brexit’s negative effects, most will wait and see before deciding what measures to take. News of...
Market Background
Bridgestone Museum of Art to Get New Home, Construction Kicks Off
Work has commenced on Nagasaka Sangyo Kyobashi Building, which will be the new home of the Bridgestone Museum of Art. Located in Chuo Ward, Tokyo, the new museum is expected to open in the fall of 2019. With more than double the exhibition space of the old museum of art, there are plans to showcase more than 2,500 pieces from...
Roll Production Up 7% in Q1 2016 Thanks to Capital Spending Plans
While production for rubber products languishes overall, domestic production volume of rubber and resin rolls is trending upward. According to statistics from the Japan Rubber Manufacturers’ Association (JRMA), year-on-year production volume has risen for four straight quarters from the second quarter of last year (April-June) through the first quarter of the current year (January-March). While production of rubber products used...
Rubber Goods Exports and Imports Down for April
Both export and import value for rubber products declined year-on-year for the month of April, according to records collated by the Japan Rubber Manufacturers Association. Sourced from Trade Statistics of Japan, the records show that the value of exported rubber products for April was 76.59 billion yen ($760 million), which makes for a year-on-year decline of 10.8 percent. It was...
With Industry Demand Down, Rubber Hose Production for April Drops 6%
Both production volume and shipment value of rubber hoses was down year on year for the month of April, according to records collated by the Japan Rubber Hose Manufacturers Association. Based on statistics from Japan’s Ministry of Economy, Trade and Industry, the records reveal that production volume of hoses for April was 2,700 tons in terms of new-rubber volume, which...
Yokohama Rubber Offers Saplings for Kakegawa Tree-planting Festival
Yokohama Rubber Co. Ltd. (TYO:5101) recently provided 775 saplings for the Kakegawa Shiosai Tree-planting Festival, held on June 11 in the city of Kakegawa, Shizuoka Prefecture. Fifty-eight employees of the company also volunteered their time to help out. This is the second year in a row that Yokohama Rubber has offered saplings as a form of reforestation assistance to prevent...