Lanxess signed an agreement to sell its Urethane Systems business to Ube. The value of the business is equivalent to 460 million euros ($503.3 million), and the sale price is expected to be approximately 500 million euros. With this transaction, Lanxess will exit its last polymer business. The Urethane Systems business has five manufacturing sites worldwide and laboratories for application...
Sumitomo Rubber has resolved at a meeting of its board of directors to conclude a share transfer agreement for the transfer of all shares of its consolidated subsidiary, Dunlop Sports Wellness, to Nagase Brothers. The transfer is scheduled to take place in early December 2024. Regarding the share transfer agreement, the company said, “Dunlop Sports Wellness has been striving to...
Bridgestone has decided and agreed with the International Olympic Committee (IOC) not to continue its Worldwide Partner Agreement for the Olympic and Paralympic Games, which expires at the end of December 2024. Based on its mission of contributing to society with the highest quality, the company shares the IOC’s vision of creating a better world through sports and the IPC’s...
Demand for plastic hoses and tubes for semiconductor manufacturing equipment has been improving. The semiconductor industry, which had been sluggish, has been recovering on the back of strong demand for applications such as AI and EVs. Production of semiconductor manufacturing equipment has begun to move, and sales of plastic hoses used in this equipment are also on the road to...
Bridgestone has joined a project conducted by Fukuoka Bio-Community, in collaboration with Kyushu University and Indonesia’s National Research and Innovation Agency (BRIN), to develop preventive technology against para rubber tree root white rot, and has begun research to contribute to improving productivity in natural rubber plantations. The project is part of efforts to establish a unique sustainability business model that...
Hsin Yung Chien (HYC), Taiwan’s largest conveyor belt manufacturer, is promoting ESG management and striving to realize a low-carbon society. To this end, the company has established an ESG team consisting of executives from the sales, engineering, production, development, quality assurance, labor, general affairs, and auditing departments. Exclusive OEM supply to Yoshino Rubber in Japan, boasting a strong track record...
