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Germany’s HF TireTech to Enter Japanese Market With Tire Manufacturing Curing Presses

on June 4, 2024 in Products

The HF TireTech Group, headquartered in Hamburg, Germany, has high hopes for entering the Japanese market with its tire manufacturing equipment products. HF is a 165-year-old rubber machinery manufacturer. Since its establishment, the company has supplied more than 7,000 tire manufacturing vulcanizing presses, and has established partnerships with the world’s top 10 tire manufacturers. With locations in Germany, the United...

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Nippon A&L Raises Prices of Synthetic Rubber Latex Products

on June 4, 2024 in Materials

Nippon A&L said on May 27 that it will raise the prices of its synthetic rubber latex products for delivery on July 1. The price increase will be 25 yen ($0.16) or more per kilogram for paper processing latex as well as other latex. The company commented on the price increase, “It has become difficult to absorb the cost increase...

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Sumitomo Rubber and Yamanashi Prefecture Collaborate to Go Carbon Neutral

on June 3, 2024 in Industry

Sumitomo Rubber and Yamanashi Prefecture have agreed to mutually cooperate in building a hydrogen energy society to achieve carbon neutrality. The two partners will use green hydrogen through the Yamanashi Model P2G System to decarbonize tire manufacturing and other processes. The Yamanashi Model P2G System is a technology to realize decarbonization by producing hydrogen from electricity derived from renewable energy...

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Fujikura Composites Sees Sales, Profits Decline in FY2023: Results

on May 31, 2024 in Products

Fujikura Composites posted a 7.1% year-on-year decline in net sales to 37.79 billion yen ($241.18 million), an 18.2% decline in operating income to 3.62 billion yen, a 24.2% decline in ordinary income to 3.9 billion yen, and a 17.6% decline in net income to 3.25 billion yen for the fiscal year ended March 31, 2024. By segment, the industrial supplies...

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NOK Significantly Increases Net Income in FY2023

on May 30, 2024 in Products

NOK reported a 5.7% year-on-year increase in net sales to 750.50 billion yen ($4.47 billion), a 49.0% increase in operating income to 22.91 billion yen, a 51.7% increase in ordinary income to 40.29 billion yen, and a 137.2% increase in net income to 31.60 billion yen for the fiscal year ending March 31, 2024. “Although the company did not reach...

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Sakura Rubber Sales up 25% in FY2023

on May 29, 2024 in Products

Sakura Rubber’s fiscal 2023 results showed sales of 13.35 billion yen ($85.19 million), up 24.9% year-on-year; operating income of 1.14 billion yen, up 166.9%; ordinary income of 1.11 billion yen, up 170.4%; and net income of 733 million yen, up 133.5%. Among segments, the firefighting and disaster prevention business posted sales of 8.72 billion yen, up 28.8%, and operating profit...

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