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...
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...
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...
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...
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)...
Zeon Corp. (TYO:4205) has announced that its subsidiary, Zeon Kasei Co. Ltd., will build a new factory in Mexico for the production of PVC/PSC resin compound for powder slush molding. The factory will use vinyl chloride resins as the raw material. The investment amount will be 1.5 billion yen ($13.5 million) and Zeon Kasei aims to begin production of 1,200...
