Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) has written off some of the debt held by consolidated subsidiary Kinugawa Mexico SA De Cv. Writing off this debt is intended to free Kinugawa Mexico of excessive liabilities and fortify its financial footing. The debts forgiven, including accounts receivable, amounts to $13 million. This move means Kinugawa Rubber Industrial has booked approximately 1.47...
Bridgestone Corp. (TYO:5108) has held its general shareholders’ meeting, attended by 630 stakeholders, who asked Bridgestone leadership about a variety of topics. Those topics included the company’s use of surplus capital, the outlook for fiscal 2016, corporate governance as a firm with a nominating board and other committees, business results for fiscal 2015, the company’s Contact Area Information Sensing (CAIS)...
Bridgestone Corp. (TYO:5108) held an awards ceremony for the 13th Bridgestone Children’s Eco-painting Competition. The annual contest organized by the Bridgestone Group was launched in 2003 as part of its environmental initiatives. Attracting a record high of 56,128 entries, the competition called for entries from students in sixth-grade and under to show their favorite parts of nature. Various individual prizes...
Toyo Tire & Rubber Co. (TYO:5105) recently conducted free tire inspections for drivers stopping at the Ebina Service Area (westbound) of the Tomei Expressway. While Toyo Tires conducts awareness activities on tire safety inspections every year, this was the first roadside inspection effort in four years. Covering three criteria — tire pressure, groove wear and visual checks for scratches and...
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...
