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Rubber Industry Rushes to Counter Coronavirus Threat

on March 3, 2020 in Coronavirus, Industry

Efforts in Japan to prevent the spread of novel coronavirus infection are moving forward at a rapid pace. On Feb. 25, Japan’s central government issued its basic policy on novel coronavirus countermeasures, with large-scale events postponed or canceled the following day. JRW has compiled the following report on concurrent efforts being undertaken in rubber-related industries. Many companies have instituted staggered...

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Japanese Tire Manufacturers Struggle to Predict How Coronavirus Will Impact 2020 Business Results

on March 2, 2020 in Coronavirus, Industry, Tires

Japan’s four major tire manufacturers – Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tires Corp. (TYO:5105) – are all forecasting improvements at the operating profit level for calendar 2020. Bridgestone is using adjusted operating profit here, while Sumitomo Rubber and Yokohama Rubber use business profit. However, with Bridgestone noting that it is...

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Coronavirus Outbreak Raises Major Concerns Over Supply of Raw Materials From China

on February 18, 2020 in Coronavirus, Industry

With the spread of the novel coronavirus showing no signs of letting up, companies in the rubber sector are seeing increasingly serious effects on business. Problems are piling up with regard to securing employees, carrying out logistics, operating supply chains and more. Issues on the production side of business have spread to regions outside of China, including Japan. And with...

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Denka Subsidiary Moves to Develop Coronavirus Test Kit

on February 17, 2020 in Coronavirus, Innovation

Chemical manufacturer Denka Co. Ltd. (TYO:4061) announced on Feb. 13 that consolidated subsidiary Denka Seiken Co. Ltd. has started development of a diagnostic test kit for China’s novel coronavirus. Making use of the immunochromatography method for coronavirus antigens, the kit can be used quickly and simply even at general medical facilities. Since its establishment in 1950, Denka Seiken has been...

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Coronavirus Outbreak Poses Major Issue for Chinese Plant Operations of Japanese Rubber Companies

on February 4, 2020 in Coronavirus, Industry

The novel coronavirus outbreak in Wuhan, Hubei Province, China, is having a major impact on society. This is especially true in China itself, though there is also the possibility that the virus will spread further overseas going forward. Looking then to get a better idea of how all this will impact business, Japan Rubber Weekly collected information from a number...

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