The so-called 2024 Problem, which refers to a cap on overtime hours for truck drivers in Japan that came into effect in April and results in transportation capacity shortages, has reached the rubber-related industries as well. Not only are transportation costs continuing to rise, but the conditions demanded by shippers, such as shorter waiting times for cargo, are becoming even...
Mitsubishi Chemical and Mitsui Chemicals have launched a joint study with the aim of standardizing and optimizing chemical logistics, which serve as a backbone for both society and industry. Over time, the companies intend to launch various efforts in a number of relevant areas, with those that can be quickly put in place set to be implemented starting this fiscal...
Michelin Tire Japan and Yamato Transport signed a lead logistics partnership agreement on September 14 to rebuild Michelin’s smooth and robust logistics system in Japan. The partnership aims to transform Michelin’s entire supply chain and optimize its logistics and inventory to reduce future total logistics costs and shipping lead times to further improve customer satisfaction. This joint project will build...
Japan Rubber Weekly conducted a survey among the country’s rubber and resin product manufacturers midway through December 2017, looking to get their respective takes on the current climate of the rubber industry. Of the 169 companies that received the survey, 119 responded, making for a 70.4 percent response rate. When asked how sales will pan out for fiscal 2017, 44.2...
Forbo Siegling Japan Ltd.’s belt and seal businesses have posted solid sales for the first half (January–June) of 2017. The company’s belt business saw sales increase more than 5 percent year-over-year on the back of sales growth in the logistics and food industries. Sales for the logistics sector were particularly robust, backed by increased demand both from logistics centers that...
Nitta Corp. (TYO:5186) has reported a surge in revenue and profit for the first half of the fiscal year ending March 31, 2018. Sales rose to 36.48 billion yen ($319.79 million), up 14 percent from the same period last year, and net profit jumped 25.5 percent to 4.88 billion yen. Meanwhile, operating profit was up 15.2 percent at 2.87 billion...
