Hideo Tsuji, president and CEO of Lanxess K.K. (and head of Rhein Chemie Additives Business Unit in Japan and Korea), said at a recent event that he has two key strategies for leading the company’s business in Japan. The first involves products. Tsuji is intent on stepping up Lanxess’s role as a worldwide partner for its customers amidst rapidly advancing...
For fiscal 2015 as a whole, many Japanese auto parts manufacturers anticipate a turn for the worse. This is particularly true overseas, where besides deceleration in China and elsewhere in Asia, and a sluggish South American economy, output is down at European car companies. The Brazilian economy began shifting down last year, and it will likely continue to do so...
Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya stated that the company has not ruled out buying more companies in the same industry. However, he added that although money makes an acquisition itself possible, the important thing is that a lack of strategic value, such as synergies coming after integration, complicates matters. Tsuya went on to say that...
Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya recently commented on the two M&A deals the tire manufacturer announced in October. Tsuya said that Bridgestone has not ruled out buying more tire manufacturers or other companies in the same industry. He went on to say that the three big acquisitions in the company’s history have been Firestone Tire...
There is growing cause for concern over the outlook for Japanese manufacturers of rubber auto parts. The Chinese economy is now in a clear slowdown, while uncertainty lingers over developing economies in Southeast Asia and South America. Manufacturers have increased overseas sales over the past few years. This growth has primarily been in China and elsewhere in Asia, as well...
Sales of studless winter tires in Japan have been brisk for the past few years thanks to the snowfall. According to Japan Automobile Tyre Manufacturers Association (JATMA), 25.96 million snow tires were sold in Japan in 2014, marking a year-on-year increase of 4.0 percent. Studless tires accounted for 99.8 percent of all snow tire sales: 25.92 million units sold, up...
