Toyoda Gosei Co. Ltd. (TYO:7282) recently announced its investment last month in E-ThermoGentek Co. Ltd., a startup with proprietary technology for thermoelectric power generation. With the aim of achieving carbon neutrality by 2050, Toyoda Gosei is striving to adopt the latest energy-saving equipment and machinery, as well as ramp up its use of renewable energy. And as part of this,...
With automotive production bouncing back from the lows brought by COVID-19, rubber-related auto parts too have seen a recovery in both production and shipment numbers. Looking at Japan’s automotive production figures from last year, it is apparent that production volume started to fall by double digits year-on-year in April 2020, marking a trend that then continued for some time. Following...
Bridgestone Corp. (TYO:5108) recently announced that subsidiary Bridgestone EMIA has formed a long-term partnership with electric vehicle (EV) charging solutions company EVBox Group and its partner TSG Group. The companies will work to expand Europe’s EV charging infrastructure by utilizing the Bridgestone Group’s retail and service network. Established in 2010, EVBox is a leading provider of EV charging solutions, with...
Japan Rubber Weekly has conducted a study into the fiscal 2020 business results of 135 rubber-related manufacturing companies in Japan, allowing it to then rank these companies by their ordinary profit. Under the ranking, the top 96 companies had a combined ordinary profit of 274.19 billion yen ($2.51 billion) for fiscal 2020, while those 97th and below were not included...
Japan Rubber Weekly has carried out a study into the fiscal 2020 business results of rubber-related companies across Japan. This revealed that the combined sales revenue of the top 50 companies came to just under 3.41 trillion yen ($31.12 billion), down 14.3 percent year-on-year, while the top 10 companies totaled just over 2.6 trillion yen, down 15.2 percent. The spread...
Bridgestone Corp. (TYO:5108) has completed its acquisition of Azuga Holdings Inc., a U.S.-based provider of fleet management solutions. The tire manufacturer has already received regulatory approval and carried out the relevant proceedings for this deal. Azuga has been valued here at $391 million, with adjustments then being made based on its working capital and the like to get the total...
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