Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it is set to establish Yokohama Tyre Sales Malaysia Sdn. Bhd. as a Malaysian JV for tire sales on Jan. 1, 2022. The JV will be formed with YHI International Ltd. (YHI) – the exclusive distributor of Yokohama tires in Southeast Asia – and its subsidiary YHI (Malaysia) Sdn. Bhd. (YHIM), which...
Lanxess AG announced on Dec. 31 that that it has sold off its stake in synthetic rubber joint venture Arlanxeo AG to 50–50 JV partner Saudi Arabian Oil Co., commonly known as Saudi Aramco. But despite the divestment, the German-based company has declared that its Japanese arm, Lanxess KK, will continue to carry out marketing and sales activities for synthetic...
Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Americas Inc. and The Goodyear Tire and Rubber Co. announced on April 17 that they will jointly establish TireHub LLC, a nationwide U.S wholesale company. TireHub will handle U.S. wholesale operations for the passenger vehicle tire and small truck tire businesses of both parent companies. Bridgestone Americas and Goodyear will use the opportunity to offer...
Ube Industries Ltd.’s (TYO:4208) butadiene rubber (BR) joint venture factory in Malaysia, Lotte Ube Synthetic Rubber Sdn. Bhd. (LUSR), expects to start fully operating in the second half of the current fiscal year. Synthetic rubber is one of the business areas designated for aggressive expansion in Change & Challenge 2018, Ube Industries’ three-year medium-term business plan launched in fiscal 2016....
ZS Elastomers Co. Ltd. (ZSE), a solution styrene-butadiene rubber (S-SBR) joint venture between Zeon Corp. (TYO:4205) and Sumitomo Chemical Co. Ltd. (TYO:4005), will commence operations on April 3. ZSE has obtained approvals from the relevant authorities in Japan and overseas and will take over the sales and R&D functions of Zeon and Sumitomo Chemical’s S-SBR businesses. The company will also...
