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Eneos Materials Advances Development of World’s First Battery Made from Recycled Tires

on July 30, 2024 in Industry, Innovation

Eighteen member companies of the Tire Battery Project, including Eneos Materials, have been developing the world’s first next-generation storage battery, the Tire Battery, which is created by recycling used tires. After 12 years of development and improvement, the companies will now begin demonstration testing of stationary products, namely street lights, equipped with the Tire Battery. The demonstration test will be...

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Yokohama Rubber to Acquire Goodyear OTR Business

on July 29, 2024 in Industry, Tires

Yokohama Rubber will acquire the off-the-road tire (OTR) business for mining and construction vehicles of U.S.-based tire producer and distributor Goodyear. The acquisition is priced at $905 million and will be completed after receiving approval from the relevant authorities. Goodyear’s OTR business had sales of $678 million in fiscal 2023, EBITDA of $129 million, and an EBITDA margin of 19.0%....

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Katsura Roller Expands Sales of Air Rolls for Floating Conveyors

on July 26, 2024 in Products

Katsura Roller reported lower sales and profits for the fiscal year ended March 31, 2024 compared to the previous fiscal year. While sales of rolls for printing use were down, the stagnation of overseas markets led to a decline in sales of rolls for film use throughout the year. Sales of rolls for printing were generally sluggish. Replacement demand for...

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Meiwa Rubber to Ramp up Online Promotion, Exhibitions

on July 25, 2024 in Products

Meiwa Rubber’s performance in the first half of fiscal 2024, from October 2023 to March 2024, exceeded the results of the same period of the previous year but fell short of the target. In addition to the unstoppable decline in sales of rolls for printing, sales of rolls for industrial use, which had been the driving force in the previous...

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Kinyosha to Expand Production Facilities on Solid Blanket Sales

on July 24, 2024 in Products

Kinyosha, Japan’s leading manufacturer of rubber rolls, reported only a slight decrease in sales in fiscal 2023, keeping revenues almost at the same level as in the previous year. Blanket sales were firm, but total sales fell slightly short of the previous year’s results due to sluggish sales of some rolls. By division, sales of rolls were down from the...

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Report: Denka Expects Moderate CR Recovery, Expands Evolmer Into Tire Bladders

on July 23, 2024 in Materials

Denka’s chloroprene rubber (CR) business experienced weak sales in the previous fiscal year (April 2023-March 2024). “The poor sales trend of the first half continued into the second half of the fiscal year,” the company said. Initially, it had expected a recovery in the second half of the year, but there was no boost in terms of volume, and both...

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