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Bridgestone’s Kumamoto Plant Ceases Operations, Conducts Safety Checks After Powerful Quake

on April 18, 2016 in Industry, News

A magnitude-6.4 earthquake struck at 9.26 p.m. Japan Standard Time on April 14, with its epicenter near the city of Kumamoto in Kumamoto Prefecture, Kyushu, Japan. At Bridgestone Corp.’s (TYO:5108) Kumamoto Plant in Tamana City, Kumamoto Prefecture, the earthquake was recorded on the Japan Meteorological Agency’s seismic intensity scale as 6-lower, and the plant ceased operations immediately after the earthquake struck....

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Katsura Roller’s E-Core Earns Governmental Eco-friendly Award

on April 14, 2016 in Industry, Products

Katsura Roller Mfg. Co. Ltd.’s winding roller, e-Core, has earned the award of “Gold Ecotech,” which is given to Osaka-developed products that are judged as being advanced environmental technology. The e-Core is a product that provides new features to the roller core, which is necessary for rolling plastic film, sheets and metal foil for industrial, printing and packing purposes. By...

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China’s Rubber Sector Looks to Transform With Industry 4.0 – From Size to Strength (Part 2)

on April 12, 2016 in Industry, Materials

Chinese tire manufacturers, even the ones that make the best product, have experienced flat year-on-year growth for passenger vehicle tires, while year-on-year performance is down 30 percent for truck and bus tires. Even so, local tire makers say this situation is good for their companies. Things are said to be even worse for off-road (OR) tires for construction vehicles. This...

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China’s Rubber Sector Looks to Transform With Industry 4.0 – From Size to Strength (Part 1)

on April 12, 2016 in Industry, Materials

China’s rubber industry is seeking to shift its focus from growing larger to being stronger. The new direction was unveiled at the China Rubber Conference 2016, organized by the China Rubber Industry Association, between March 22 and 25. China is aiming to strengthen its rubber industry due to declining demand, surging labor costs and dim prospects for a rapid recovery...

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Kinugawa Rubber Writes Off Some of Kinugawa Mexico Debt

on April 7, 2016 in Industry, Products

Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) has written off some of the debt held by consolidated subsidiary Kinugawa Mexico SA De Cv. Writing off this debt is intended to free Kinugawa Mexico of excessive liabilities and fortify its financial footing. The debts forgiven, including accounts receivable, amounts to $13 million. This move means Kinugawa Rubber Industrial has booked approximately 1.47...

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Bridgestone Questioned About Surplus Capital Usage

on April 7, 2016 in Industry, Tires

Bridgestone Corp. (TYO:5108) has held its general shareholders’ meeting, attended by 630 stakeholders, who asked Bridgestone leadership about a variety of topics. Those topics included the company’s use of surplus capital, the outlook for fiscal 2016, corporate governance as a firm with a nominating board and other committees, business results for fiscal 2015, the company’s Contact Area Information Sensing (CAIS)...

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