A new truck and bus (TB) tire plant run by The Yokohama Rubber Co. Ltd.’s (President: Hikomitsu Noji) U.S. tire production subsidiary Yokohama Tire Manufacturing Mississippi LLC (YTMM, President : Tadaharu Yamamoto), has been fully operational since October. This is the first time Yokohama Rubber has constructed a plant in the U.S. from square one. Total investment (Phase 1) in...
On October 15, the Japan Rubber Machinery Association (JRM; Chairman Yasuhiko Takagi, president of Kansai Roll Co. Ltd.) held its 36th regular meeting in Kobe at Sun Members Kobe, attended by 24 persons from 21 member companies. Reports were given regarding conditions for the previous term and first half of this term from all member companies in attendance, with conditions...
According to figures collected by the Japan Automobile Manufacturers’ Association (JAMA), the number of motor vehicles (4-wheeler) produced in August 2015 was 605,000, an approximate 5 percent drop over the same month of the previous year. It was also the 14th consecutive month that the figure had fallen compared to the same month of the previous year. In terms of...
At a meeting with the board of directors held on Sept. 17, 2015, Toyo Tire & Rubber Co. Ltd. announced that the company had reached a 4.2 billion yen (approximately $35 million) settlement with automobile manufacturers who were seeking damages for alleged U.S. antitrust violations. Regarding U.S. antitrust violations concerning price adjustments by Toyo Tire & Rubber of automotive anti-vibration...
Zeon Corp. has established a new company in Gurgaon, Haryana, India. It began business on Oct. 1, 2015 and is involved in importing, selling, and marketing. The new company is called Zeon India Private Limited (capital: 15 million Indian rupees). It is involved in the import, sale, and marketing of synthetic rubber and other Zeon group products. The establishment of...
Mitsutaka Yoshii, president of Bando Chemical Industries Ltd. (Kobe Head Office), a leading belt manufacturer, explained the current status in the third year of implementation of the company’s medium- and long-term management plan. Results of the first quarter (April-June) indicate that sales increased 4.3 percent while operating income increased 30.6 percent, both compared to the same period last fiscal year. In...
