Kuriyama Holdings reported a 9.9% year-on-year increase in net sales to 40.33 billion yen ($286.62 million), a 22.9% increase in operating income to 2.78 billion yen, a 21.5% increase in ordinary income to 3.11 billion yen, and a 17.5% increase in net income to 2,11 billion yen in its consolidated interim (January-June) results for fiscal 2024. Both sales and profits...
Bridgestone group company Bandag Europe announced at a special meeting of its employees its intention to close its retreading materials (pre-cured tread and cushion rubber) production plant in Lanklaar, Belgium, by the first half of 2025. The truck and bus business in Europe, including retread tires, has been facing many profitability issues, and the company has been restructuring its business...
Kinjo Rubber has been cooperating in the installation of rubber walking mats for the visually impaired at the 17th All-Japan Judo Tournament for the Visually Impaired held at the Kodokan in Tokyo. The rubber walking guidance mat for the visually impaired safely guides the visually impaired to their destinations by the difference in the sound and feel of the floor...
Mitsubishi Chemical has begun studying the chemical recycling of used tires in the coke ovens at its Kagawa Plant in Sakaide City, aiming to sell several thousand tons of carbon black per year in fiscal 2025 and several tens of thousands of tons per year in fiscal 2030, both of which are recyclable resources. As the tire industry accelerates its...
Nitta posted sales of 21.63 billion yen ($148.14 million), down 0.4% year-on-year, operating profit of 1.16 billion yen, down 9.2%, ordinary profit of 3.60 billion yen, up 18.7%, and net profit of 3.02 billion yen, down 20.5% in the first quarter (April-June 2024) of the fiscal year ending March 2025. By segment, the belt and rubber products business posted sales...
Valqua’s results for the first quarter of the fiscal year ending March 31, 2025, showed sales of 61.74 billion yen ($419.94 million), down 0.7% year-on-year; operating income of 7.10 billion yen, down 20.0%; ordinary income of 7.40 billion yen, down 18.1%; and net income of 4.91 billion yen, down 27.2%. By segment, the sealing products business posted sales of 37.16...
