The U.S. and China are not only the two largest economies in the world, but also the world’s number one and number two consumers of new rubber. The economic situation in the two countries has had a significant impact on the performance of Japanese rubber companies. In China, in addition to economic stagnation, Japanese automakers are struggling with sales. In...
The four major Japanese tire makers posted record-high performance figures for the fiscal year ending December 31, 2023, citing the favorable external environment and the strong tailwind of lower ocean freight and raw material prices and a weaker yen as main reasons for the boosted earnings. The combined increase in the three business profit categories (adjusted operating income for Bridgestone...
The Japan Construction Equipment Manufacturers Association (CEMA) held a press conference in Tokyo on February 21 to announce its construction machinery demand forecasts for fiscal 2023 (April 2023 – March 2024) and fiscal 2024 (April 2024 – March 2025). The forecasts were compiled based on a questionnaire survey conducted in January of this year among 62 regular members of the...
In December 2023, Yokohama Rubber and the Surat Thani Branch of the Rubber Authority of Thailand (RAOT) jointly held a seminar event for natural rubber farmers in Thailand to improve the quality and productivity of natural rubber. The seminar was attended by 70 farmers in Surat Thani district, who were provided with 250 kg of fertilizer free of charge per...
Pirelli Japan joined the Japan Automobile Tyre Manufacturers Association (JATMA) as an Associate Member on January 18. As an associate member, the company will actively participate in related activities and cooperate in the five required activities, namely tire recycling, statistical surveys, public relations, accident prevention and recalls....
On January 26, the Japan Rubber Manufacturers Association (JRMA) announced its forecast for new rubber consumption in 2023 and 2024. According to the report, both Japanese domestic shipments and exports, on a rubber volume basis, of mainstay automotive tires in 2023 will be lower than in 2022. For industrial products, although the recovery of automobile production was a positive factor,...
