Japanese companies with Chinese bases in the rubber sector look like they will still need some more time to get these bases back to where they were before COVID-19. A survey carried out by Japan Rubber Weekly provided some details here. China is starting to work toward economic recovery, making moves such as lifting the urban lockdown on virus epicenter...
Denka Co. Ltd. (TYO:4061) has concluded a technology licensing agreement with Agilyx Corp., a global plastic recycling company based in Portland, Oregon, for a chemical recycling project involving used polystyrene from Toyo Styrene Co. Ltd., an equity-method investee of Denka. Denka has begun serious planning for the construction of demonstration equipment at its plant in Ichihara, Chiba Prefecture, that would...
Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...
Japan Rubber Weekly recently conducted a survey asking Japan’s major rubber companies and their affiliates about their spring recruitment efforts for 2020. Among the 27 companies that responded, 1,524 new graduates were employed in this year’s spring recruitment intake – down by just seven new hires when compared to last year’s total of 1,531. Eleven of the 27 companies hired...
Bridgestone Corp. (TYO:5108) has extended an official partnership agreement with the Japan Ice Hockey Federation (JIHF). Having been a supporter of the JIHF since 2012, Bridgestone recently announced that it is renewing its backing of the federation for another year, extending this out to March 31, 2021. Under the terms of the agreement, Bridgestone will support both the men’s and...
Naphtha prices, which serve as a basis for the likes of the synthetic rubber market, are showing a significant drop amid tough market conditions. As of March 24, prices in Tokyo’s open-spec naphtha market are sitting at a median of $195 per ton when looking at product set to be delivered in late May. This is roughly a third of...
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