Sumitomo Rubber Industries Ltd. (TYO:5110) held its latest general meeting of shareholders at 10:00 a.m. Thursday, March 26, hosting this at its headquarters in Kobe, Hyogo Prefecture. A total of 190 shareholders attended the event, which lasted for 54 minutes. One of the shareholders asked what Sumitomo Rubber is doing for novel coronavirus countermeasures – such as cost-cutting or reconsidering...
coronavirus
Japan’s Major Tire Manufacturers Halt Employee Initiation Ceremonies Amid Coronavirus Concerns
Responding to the continued spread of the novel coronavirus, major tire manufacturers in Japan have decided to call off or postpone initiation ceremonies for new employees. Bridgestone Corp. (TYO:5108) is among this list, having decided to postpone its ceremonial activities. Meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) has decided that rather than hold its usual activities for new employees, it will...
Bridgestone Fields Questions Regarding Coronavirus, Diversified Business and More at General Meeting of Shareholders
Bridgestone Corp. (TYO:5108) recently held a general meeting of shareholders at the Palace Hotel Tokyo, starting at 10:00 a.m. on Tuesday, March 24. The meeting was attended by 246 shareholders and lasted for one hour and 10 minutes. Seven shareholders at the meeting asked a total of eight questions. Topics here included the company’s progress with diversified businesses, as well...
Coronavirus Looks Set to Impact European Operations of Japanese Rubber Companies
The outbreak of the novel coronavirus has now spread to the point where it is impacting Japanese rubber companies with operations in Europe. Bridgestone Corp. (TYO:5108) has halted operations at two of its European plants as of 3:00 p.m. Thursday, March 19, Japan Standard Time. The decision includes a truck and bus tire plant in Bilbao, Spain, as well as...
Companies Struggle to Predict How Novel Coronavirus Will Impact Rubber Industry With Uncertainties Hovering Over Western Markets
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...
Shimadzu Works to Develop New Test Kit for Novel Coronavirus
Shimadzu Corp. (TYO:7701) has started development efforts on a genetic test kit for the novel coronavirus. As this new test kit skips the conventional step of extracting ribonucleic acid (RNA) from the sample, it will help to reduce labor and time requirements for testing. A manufacturer of testing, measuring and analytical equipment for the likes of the rubber sector, Shimadzu...