Bridgestone Corp. (TYO:5108) announced on March 14 that it would be stopping its production of tires in Russia, as well as its tire exports to the country. On the production front, Bridgestone is suspending operations at its Russian plant for passenger car tires – located in Ulyanovsk – and freezing all new capital investment in the country. The company decided...
Japan’s exports of rubber products fell 23.2 percent year-on-year to 453.8 billion yen ($4.3 billion) over January–August, while imports were down 11.3 percent to 273.8 billion yen, according to trade figures published by the Ministry of Finance and compiled by the Japan Rubber Manufacturers Association (JRMA). The spread of COVID-19 had a significant impact on both fronts here. Exports showed...
The Japan Rubber Hose Manufacturers Association has used statistics from the Ministry of Economy, Trade and Industry (METI) to compile results for Japan’s rubber hose sector in 2019. Figures here show that the sector’s production volume using new rubber fell 10.9 percent year-on-year to 34,593 tons, with shipment value down 1.4 percent to 142.53 billion yen ($1.33 billion). This marks...
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