With raw material prices, logistics expenses, utility costs and more continuing to surge, companies are going about hiking prices on a range of rubber-related products and raw materials. Various price rises reported by Japan Rubber Weekly from January through early April – as well as the subsequent increases in all sorts of costs – are impacting not only broader society...
Toyota Group company Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will establish a new plant in Guangdong, China, to bolster its production of airbags and steering wheels, which are major products for the manufacturer. The new plant will be established as a branch plant of subsidiary Toyoda Gosei (Foshan) Auto Parts Co. Ltd. With investment set to total...
Bridgestone Corp. (TYO:5108) recently announced that it has been selected for inclusion in the FTSE4Good Index Series for the fourth consecutive year. A widely recognized ESG investment index, the FTSE4Good Index Series was developed by FTSE Russell, a major global index provider that operates as part of the London Stock Exchange Group. The index sees large-scale companies around the world...
Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that the Sumitomo Rubber CSR Fund, which is funded by employee volunteers, will donate a total of 14.7 million yen ($120,465) across 56 organizations this year. The Sumitomo Rubber CSR Fund provides support to NPOs and volunteer organizations working on the likes of environmental conservation, disaster support, traffic safety and local issues, with...
Sumitomo Rubber Industries Ltd. (TYO:5110) announced last year that – working in conjunction with Kansai University – it had developed an energy harvester capable of generating power from a tire’s rotation and then supplying it to a sensor fitted in the tire’s periphery, all without the need for a battery. Now the tire manufacturer has taken its efforts here one...
The Japanese Rubber Workers Union Confederation (JRC) has set out on its annual spring labor offensive for 2022. The bulk of demands here have now come in, especially those from the unions of large manufacturers. Looking at these demands, the weighted average wage increase demanded by 42 unions comes out to an extra 5,579 yen ($45.78) per month, or a...
