The Japan Automobile Tyre Manufacturers Association Inc. (JATMA) announced combined automobile tire and tire tubes production performance figures for the January–June period at a total of 536,091 tons, a 3.8 percent drop compared to the same period last year. Differentiated according to product categories, production performance for truck and bus tires and tubes dropped by 5.3 percent, for light trucks...
Chemical, construction material, and metal manufacturer Ube Industries Ltd. held an opening ceremony for its butadiene rubber (BR) joint-venture company established in Malaysia, “Lotte-Ube Synthetic Rubber” (LUSR, located in Tanjung Langsat Industrial Park, Johor, Malaysia). LUSR is a joint-venture company between Ube Industries, Lotte Chemical Corp. and its subsidiary Lotte Chemical Titan Holding Sdn. Bhd., and Mitsubishi Corp. LUSR operates...
Toyoda Gosei, a Toyota Group auto parts company, is slated to invest in Pecval Industria, a Brazilian firm that produces resin parts for auto interior and exterior. With this move, Toyoda Gosei plans to reinforce its business base in Brazil. Pecval is a wholly-owned subsidiary of Shimizu Industry Co., Ltd. (Kariya City, Aichi Prefecture), that produces auto dashboard components and...
In the first quarter results of Japan’s two major synthetic rubber companies, JSR Corp. and Zeon Corp., (fiscal year ending March 2016), elastomers saw lower revenues and profits at JSR, but higher revenues and profits at Zeon. In particular, JSR’s quarterly operating profits were at their lowest level since the 2008 financial crisis. The earnings differentials were caused by factors...
Sumitomo Riko Co. Ltd. (formerly Tokai Rubber Industries), in a joint venture with Daeheung R&T Co. Ltd. of South Korea, will establish a rubber refinement (kneaded rubber/rubber compound) manufacturing and vending company in China. Both companies had been involved in producing kneaded rubber, but with business expansion came the need to augment production capabilities. Sumitomo Riko views this as an...
