Zeon Corp. (TYO:4205) has announced that its subsidiary, Zeon Kasei Co. Ltd., will build a new factory in Mexico for the production of PVC/PSC resin compound for powder slush molding. The factory will use vinyl chloride resins as the raw material. The investment amount will be 1.5 billion yen ($13.5 million) and Zeon Kasei aims to begin production of 1,200...
The latest Tokyo Motorcycle Show gathered 121 companies, exhibiting the latest production and custom models, parts and apparel. Japan’s largest motorcycle-related event, this year’s show is aimed at changing motorcycling from a sport for grownups to an activity parents and children can easily approach together. Bridgestone Corp. (TYO:5108) showed off the tire maker’s premium BATTLAX brand concept, emphasizing its theme...
Yokohama Industrial Products Italy S.r.l., a subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101) that manufactures and sells marine hoses, will begin boosting production and increasing sales of its Seaflex brand of marine hoses in the first half of the fiscal year that began on April 1, 2016. The hoses, which are used for the maritime transport of crude oil and...
Komatsubara, a Japanese manufacturer of equipment and machinery for producing rubber products, has plans to increase sales of its Floating Vibro Washer (FV Washer), a washing system for automatically cleaning and unclogging soiled metal mesh conveyor belts. The FV Washer is highly suitable for use in food production processes, where complete hygiene control is an absolute requirement. And the company...
The settlement results for labor force wages and annual bonuses have started to come out from the “spring offensive” negotiations in Japan. The Japanese Rubber Workers Union Confederation is comprised of 58 member unions. Forty-eight of those put forth wage demands to the companies of the unions’ respective labor forces, from which 20 unions have reached conclusions. Regarding annual bonuses, 45...
Yokohama Rubber Co. Ltd. (TYO: 5101) announced it will purchase all shares of Dutch company Alliance Tire Group B.V. (ATG). The equity value of the transition is $1.179 billion (136 billion yen), Yokohama Rubber’s largest acquisition to date. The company will finance the purchase with its own funds and bank loans. The acquisition is expected to be finalized on July...
