Market Background

EPDM Rubber Prices Driven up by Complex Web of Factors

Ethylene propylene diene monomer (EPDM) rubber is seeing a rise in its overseas market prices. The increase here has been driven by a wide range of factors, including supply–demand tightness, U.S.–China tensions, the recent U.S. cold snap and the global shortage of shipping containers. The U.S., for its part, is not only facing a tight supply–demand balance for domestic EPDM...

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Toyoda Gosei Puts Forward Plan to Halve CO2 Emissions by 2030

Toyoda Gosei Co. Ltd. (TYO:7282) has formulated what it is calling Targets 50 & 50, a medium- to long-term plan aimed at reducing CO2 emissions. The company has also set CO2 reduction targets for 2025 as part of its 7th Environmental Action Plan, looking through this to speed up its efforts toward decarbonization. Toyoda Gosei’s previous efforts toward carbon neutrality...

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Toyo Tires Forecasts Revenue and Profit Growth for 2021 on Back of 8.6% Sales Increase in Tires Business

Toyo Tire Corp. (TYO:5105) has released its business forecast for calendar 2021, indicating a recovery for the year. The company is projecting 372 billion yen ($3.49 billion) in sales revenue, up 8.2 percent year-on-year; 44 billion yen in operating income, up 21.1 percent; 42.7 billion yen in ordinary income, up 38.2 percent; and 26.4 billion yen in net income, up...

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Yokohama Rubber Expects to Grow Revenue, Profits for 2021 on Back of Strong Tire Sales

Yokohama Rubber Co. Ltd. (TYO:5101) has released its results forecast for calendar 2021. The company expects to generate 620 billion yen ($5.83 billion) in sales revenue for the year, up 8.7 percent year-on-year; 50 billion yen in business profit, up 35.9 percent; and net profit of 34.5 billion yen, up 31.1 percent. Looking at the upward and downward factors on...

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JRW Report: Rubber and Resin Conveyor Belts See Spotty Demand Amid Coronavirus

Demand for rubber and resin conveyor belts remains spotty as the industry is impacted by the wide division of peaks and valleys it faces. Since the spread of COVID-19, demand for rubber and resin parts has declined for many applications, as is the case with other rubber and resin products. On the other hand, there are also applications for which...

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Showa Denko Sees Decline in Chloroprene Rubber Sales for First Quarter

Showa Denko KK (TYO:4004) recently released its business results for the first quarter of calendar 2020, revealing a decline in both sales and profit metrics. The company posted sales of 171.73 billion yen ($1.6 billion), down 26.8 percent from the same period last year; operating income of just under 2.47 billion yen, down by 94.6 percent; and ordinary income of...

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