Mitsubishi Chemical Corp., a developer and manufacturer of performance products and materials, has announced it will set up a regional management company in Singapore to help expand its performance polymer business in the ASEAN region and India. As of April 1, Advanced Plastics Compounds Singapore Pte. Ltd. (APS) – a Singaporean-based consolidated subsidiary of Mitsubishi Chemical – will assume a...
Bridgestone Diversified Products Japan Co. Ltd. (BDPJ), a Bridgestone Corp. (TYO:5108) subsidiary focused on rubber and other materials for industrial and infrastructural applications, recently held a regular distributor conference. The conference covered BDPJ’s operations in the Ban-etsu and Kanto regions of Japan, and was attended by 78 corporate members. Speaking at the event, company president Fumihiko Eitoku said that he...
Okamoto Industries Inc. (TYO:5122) President Yoshiyuki Okamoto believes that his company this year will likely be able to maintain the business performance that it saw with automotive products in 2017. Sitting down for an interview recently with Japan Rubber Weekly, Okamoto said that he expects these products to keep up sales levels, particularly in the U.S. and China, though he...
Bridgestone Corp. (TYO:5108) Chairman and CEO Masaaki Tsuya has announced the tire manufacturer’s Mid-Term Management Plan (MTP) for 2017, with medium-term numerical targets largely unchanged from the MTP issued the previous year. The 2017 plan reiterates the 2016 MTP’s medium-term goals of a return on assets (ROA) of 6 percent, an operating profit rate of 10 percent, and a return...
Tokyo Zairyo Co. Ltd., a raw material trading company and a subsidiary of Zeon Corp. (TYO:4205), achieved record profits for the seventh year in a row in the fiscal year ending March 2017. Now starting this fiscal term, the company has implemented a new medium-term management plan. Sitting down recently with Japan Rubber Weekly, President Shuichi Kakinuma said that the...
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