The Michelin Group recently announced that it has formed a partnership with Canadian startup company Pyrowave Inc. Through this partnership, Michelin will look to make a speedy entry into the market for plastic waste recycling technology. A total of more than 20 million euros ($24.53 million) is set to be invested into joint development here, with an industrial demonstrator slated...
Japanese demand for automotive tires is expected to improve year-on-year across all product categories next year, totaling 174.75 million tires. This would mark a 5 percent increase over demand levels seen in 2020, though a 9 percent decrease when compared to 2019. These figures come from a tire demand forecast put together by the Japan Automobile Tyre Manufacturers Association (JATMA)....
Demand for Japanese-made rubber belts is expected to reach 19,668 tons in 2021, which would mark a 1 percent year-on-year increase. This figure comes from the Japan Belting Manufacturers Association, which recently put together a 2021 demand forecast for rubber and plastic belts. The logistics sector, as well as the sector for packaging and paper production, are set to continue...
Osaka Exchange Inc. (OSE) and Thai Futures Exchange PCL (TFEX) have come to an agreement regarding a new futures market for Japanese natural rubber. Based on this agreement, TFEX launched a market named Japanese Rubber Futures on Nov. 30, with this being a cash-settled natural rubber futures market based on the final settlement price of OSE’s own Natural Ribbed Smoke...
With automotive production recovering, there has also been steady improvement in both production and shipment results for rubber products. According to figures released by the Ministry of Economy, Trade and Industry (METI) for September, Japan’s monthly production and shipments of rubber products came to a value of almost 181.4 billion yen ($1.74 billion), down just 8.2 percent against the same...
Mitsubishi Chemical Corp. recently announced that its carbon fiber sheet molding compound (SMC) has been adopted for use in the roof of the new GR Yaris launched in September by Toyota Motor Corp. (TYO:7203). In selecting this SMC, Toyota judged that the material would be able to facilitate both significant lightweighting and a high level of component performance while also...
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