A joint venture between Michelin of France, Scandinavian EnviroSystems (Enviro) and Antin Infrastructure Partners (Antin) has finalized a joint investment plan to build its first tire recycling plant. The first plant, based in Uddevalla, Sweden, has already received all necessary environmental and building permits and approvals for construction. The construction process has begun, and the new plant is expected to...
Industry
Denka Completes Construction of Chemical Recycling Plant
Denka and its affiliate Toyo Styrene in March completed construction of a chemical recycling plant for used polystyrene at Denka’s Chiba Plant in Ichihara City. The investment is worth approximately 4 billion yen ($26.45 million), and the plant will process approximately 3,000 tons of used polystyrene per year. While food packaging accounts for more than 60% of Japanese domestic demand...
Toyo Tires and Doshisha University Sign Collaboration Agreement
Toyo Tires and Doshisha University concluded in March a comprehensive collaboration agreement. The two institutions will work together to promote R&D and human resource development in order to contribute to society and promote mutual development. Based on the agreement, the partners will mutually provide and share their unique, high-value-added resources. They will accelerate the social implementation of technologies that can...
Yokohama Rubber Joins Japanese Red Cross Society’s Disaster Prevention Project
Yokokohama Rubber is involved in the “Action! Disaster Prevention and Mitigation” project being conducted by the Japanese Red Cross Society from March 1 to 31. Disaster prevention and mitigation is an activity to nurture the ability of society as a whole to cope with possible future disasters by drawing on the lessons learned and experiences gained from disasters. Every year,...
Sumitomo Riko Donates to the Tadasunomori Foundation
Sumitomo Riko has donated 10 million yen ($67,100) to the Tadasunomori Forest Preservation Society on the grounds of the World Heritage Site Kamo Goso-jinja Shrine. The donation will be used to improve the environment of the Tadasunomori Forest, a historic site, and to preserve cultural properties and shrine buildings, including the national treasure, Kamo Goso-jinja Shrine. The Tadasunomori Forest, registered...
Marubeni Acquires Canadian Conveyor Belt Company
Marubeni has acquired Alternative Belting Enterprises and Alternative Belting (Van Island) Enterprises, a Canadian one-stop provider of rubber and plastic conveyor belts, conveyor belt system components, installation, and maintenance services. The acquisition was made through Marubeni’s wholly owned Canadian subsidiary, Viacore Solutions, and will enable the company to strengthen its operating base in Western Canada and expand its footprint from...