Okamoto Industries Inc. (TYO:5122) is set to establish a new plant for the production of automotive interior materials in Wuhan, Hubei Province, China. Operated by a new subsidiary named Okamoto Manufacturing Wuhan Co. Ltd., the new plant is set to see construction begin this May and finish in December. The Wuhan plant will give Okamoto a third production base for...
Sumitomo Rubber Industries Ltd. (TYO:5110) has reached a settlement with Timsun Rubber Tire (Weihai) Co. Ltd. by employing the mediation of the Beijing Intellectual Property Court. Sumitomo Rubber had been seeking an injunction against the Chinese tire manufacturer for, among other things, infringing its patent rights, specifically Chinese Patent Number ZL201110212627.X, and design rights, specifically Chinese Design Right Number ZL201130113641.5....
Yokohama Rubber Co. Ltd. (TYO:5101) is pressing forward with efforts to roll out its hydraulic rubber hoses in the overseas market after having previously focused on business growth here in Japan – marketing OE products to Japanese-owned companies and replacement products to the domestic market. For OE, this strategy will include a considerable focus on China, the world’s largest market...
Japanese companies with Chinese bases in the rubber sector look like they will still need some more time to get these bases back to where they were before COVID-19. A survey carried out by Japan Rubber Weekly provided some details here. China is starting to work toward economic recovery, making moves such as lifting the urban lockdown on virus epicenter...
Around two months have now passed since the novel coronavirus came to be widely reported on in the global media. But unlike in China, where some aspects relating to the virus outbreak are starting to calm down, the world more broadly is seeing the virus continue to spread. Against this backdrop, one player in the field noted concern around how...
Bridgestone Corp. (TYO:5108) announced on Feb. 28 that it has won a patent rights infringement lawsuit against Chinese tire manufacturer Fangxing Rubber Co. Ltd. in the Shanghai High People’s Court. Bridgestone first filed the lawsuit with the Shanghai Intellectual Property Court in September 2017, claiming that Fangxing had infringed on its patent rights by manufacturing and selling tires with a...
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