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...
Nitta’s consolidated subsidiary Korea Nitta Moore relocated and expanded its plant in Gumi, Korea, and began operations at the new plant on October 1. The investment was 23 billion won ($17.1 million). With a land area of 30,312 square meters and building area of 21,705 square meters, the new plant is 2.3 times larger than the old one. Air pollution...
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...
Nitta’s Moore Division’s first quarter (April-June) financial results showed sales were flat year-on-year and operating profit increased. In the general industrial business, sales increased year-on-year. Sales of tubing and fittings, which are components of semiconductor manufacturing equipment, improved as customers began to place orders for such equipment. “The semiconductor manufacturing equipment production started in the second half of the previous...
Bridgestone’s hose business reported higher sales and profits in the first half of fiscal 2024 (January-June 2024) compared to the same period last year. Sales of high-pressure hoses for construction machinery were strong, especially in overseas markets, and exceeded the double-digit sales growth of the same period last year by several more percent, reaching a record high in the first...
