Bridgestone Corporation has applied to have its shares delisted from the Nagoya Stock Exchange. Explaining the rationale behind this move, the company notes that it is currently listed on three stock exchanges in Japan – Tokyo, Nagoya and Fukuoka. In order to reduce the management costs and streamline management operations related to duplicate listings, it has decided to delist from the Nagoya Stock Exchange.
Bridgestone Corporation is currently restructuring its non-tyre Diversified Products business and has announced its intention to close a factory in Japan as part of consolidation efforts related to production of automotive seat pads. It will close the Bridgestone Chemitech plant in Ageo, Saitama Prefecture in the fourth quarter of 2023 and consolidate operations within the three remaining facilities dedicated to automotive seat pad production – Bridgestone Chemitech’s Nabari and Hofu sites as well as Bridgestone Diversified Chemical Products’ Tosu plant.
Developments resulting from the partnership between Yokohama Rubber and navigation technology firm Zenrin are currently being evaluated. Yokohama Rubber reports that the partners have begun practical testing on vehicles across Japan that are outfitted with sensors attached to the inner surface of their tyres.
The Yokohama Rubber Co., Ltd. has announced a revision to its Procurement Policy for Sustainable Natural Rubber, which take effect this month. The revision to the procurement policy established in October 2018 incorporates the policy framework adopted by the Global Platform for Sustainable Natural Rubber (GPSNR) at its second general assembly in September 2020.
Camso Japan has received the President’s Award from Toyota Industries Corporation. Presented to the top company among the Supplier Award recipients in each division, the President’s Award follows a recent Supplier Award from Toyota L&F Company, the materials handling equipment division of Toyota Industries. Camso was recognized for its outstanding performance and the very high standards of its materials handling tyres and assembly supply.
Camso has introduced the CWL 532 bias tyre in order to offer “off-road performance and optimal traction for compact loaders operating on mixed and soft surfaces”. It has been specifically designed to meet the requirements of compact wheel loaders in Japan, where these machines now constitute the third-most important segment of compact equipment in the construction industry.
Following the publication of stronger than expected second-quarter 2021 financial results that returned the bottom line to profitability despite pandemic- and seismic-rubber-related headwinds, Toyo published a statement ramping up its full-year 2021 estimates. See accompanying table (below) for further details.
Toyo Tire Corporation achieved second-quarter 2021 net sales of 186,392 million yen (£1.217 billion; 1.438 billion euros; US$1.687 billion), an increase of 23.8 per cent compared with the same period in 2020. Compared with low levels last year, Toyo’s profitability also increased. Operating income amounted to 26,958 million yen, up 240.0 per cent.
This month, Sumitomo Rubber Industries, Ltd. (SRI) begins a proof-of-concept study to determine the viability of harnessing hydrogen energy for tyre manufacture. The study will take place at SRI’s plant in Shirakawa, Japan and is being supported by national research and development agency the New Energy and Industrial Technology Development Organization (NEDO).
The Olympic and Paralympic Games Tokyo 2020 belatedly begin this week, and as is well known, much will be different this time round. Worldwide partner Bridgestone Corporation has outlined the ways its contributions will help support safety and efficiency for athletes and operations.
Japanese Ambassador to the UK, Hayashi Hajime, visited global battery manufacturer GS Yuasa’s factory in Ebbw Vale on Friday 9 July as part of an official two-day visit to Wales to celebrate the strong connections between the two countries. During the visit, Hayashi Hajime toured the plant, which is owned by the Japanese based corporation and celebrated its 40th anniversary earlier this year, seeing first-hand how industrial batteries are produced by the 360-strong workforce.
Bridgestone Corporation has taken a significant step towards powering its tyre manufacturing facilities in Japan with electricity from renewable sources. Third-party sourced electricity used within the Hikone, Tosu, Shimonoseki, and Kitakyushu plants now comes from hydro, geothermal, solar and wind energy.
Bridgestone Corporation has published its 2020-2021 Sustainability Report, a document it describes as “an important milestone” on its “ongoing journey to provide social and customer value as a sustainable solutions company.” The report outlines the steps Bridgestone has taken over the past year and contains detailed information about its Mid-Long Term Business Strategy, Sustainability Business Framework, Mid Term Business Plan (2021-2023), and CSR activities.
Sumitomo Rubber Industries, Ltd. has pledged to support the recommendations given by the FSB’s (Financial Stability Board) Task Force on Climate-Related Financial Disclosures (TCFD). In a statement, the Japanese tyre and rubber products maker declares that moving forward, it will “strive to follow the TCFD recommendations by working to actively disclose information concerning both the risks and the opportunities that climate change presents” in regards to four key areas of its business: Governance, Strategy, Risk Management and Goals/Indicators.
Sumitomo Rubber Industries has begun supplying the Dunlop Enasave EC300+ to Lexus for certain versions of its first all-electric model, the UX300e. Meanwhile, Hankook Tire shares that it will equip the 2021 Honda Vezel hybrid for the Japanese market with its Kinergy Eco² tyre ex works.