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Japanese Rubber Machine Makers Shift Focus to Maintenance Demand

on March 31, 2016 in Industry, Market Background

Japan’s rubber machinery manufacturers are increasingly cashing in on demand for maintenance and modifications to raise efficiency and add advanced features rather than new orders. This has come amid decreasing capital spending on production facilities, triggered by shrinking domestic manufacturing of automotive rubber parts and general industrial rubber products as a result of a decline in domestic production of automobiles...

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Rubber Shipments Down 6% in January, Medical and Hygiene Applications Robust

on March 30, 2016 in Market Background, Products

In January 2016, the shipment value of rubber products in Japan fell by 6 percent to 160 billion yen ($1.41 billion), the seventh consecutive month of year-on-year decreases, according to Japan’s Ministry of Economy, Trade and Industry (METI). Automobile tire production was down 67 percent to 10.72 million tires, the 14th consecutive month of year-on-year decreases. Meanwhile, the value of...

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Japan’s Natural-Rubber Import Volume Rises for First Time in Five Months

on March 30, 2016 in Market Background, Materials

Japan’s import volume of natural rubber for January 2016 increased by 1 percent year-on-year to more than 58,000 tons, rising for the first time in five months, according to the Rubber Trade Association of Japan. However, the import value plunged by 18 percent to 9.26 billion yen ($81.7 million), declining for the fifth month in a row. The average import...

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Hiroshima Kasei to Build Automotive Seals Plant in Indonesia

on March 29, 2016 in Industry, Products

Hiroshima Kasei Ltd. is moving ahead with the construction of a factory to make vehicle seals in Bandung, Indonesia. The decision is in response to Japanese vehicle manufacturers operating plants outside Japan. The venture in Indonesia will be the first time the company will directly manufacture vehicle seals outside Japan. The company has until now indirectly supplied vehicle manufacturing plants...

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Rubber Industry Expands Hiring of Female Tech Grads – Japan Rubber Weekly Survey

on March 29, 2016 in Industry, Market Background

Employers in the rubber industry are increasingly expanding business operations and beefing up production by increasing their workforces, according to a spring 2016 hiring status survey of 31 major rubber industry companies. The survey by Japan Rubber Weekly also indicated that the number of firms increasing the number of new hires this year compared to the previous year has grown...

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Kinugawa Rubber to Accept Takeover Bid by Development Bank of Japan

on March 28, 2016 in Industry, Products

Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) will accept a takeover bid (TOB) from the Development Bank of Japan, Inc. (DBJ). For this deal, the DBJ has concluded separate agreements with Kinugawa Rubber Industrial’s largest shareholder, Nissan Motor Co. Ltd. (TYO:7201; stake of 20.25 percent), and second largest shareholder, Toyo Tire & Rubber Co. Ltd. (TYO:5105; stake of 11.89 percent), to...

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