Struktol - A World of Capabilities

News and week in review

Scroll down for more news

Click here to subscribe to the daily news

Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co.

11/8/2018 - Tokyo, Japan - Mitsubishi Corporation has approved the purchase of an additional stake in Toyo Tire & Rubber Co., Ltd. for 50.9 billion yen via subscription to a private placement of shares, and has entered into a capital alliance agreement with Toyo Tire. The purchase of these additional shares will increase MC’s shareholding in Toyo Tire from 3.05 percent to 20.00 percent. The mobility sector is undergoing a once-in-a-century transformation, including the electrification of automobiles and the onset of automated driving technology and, as the so-called CASE trends advance, major shifts in industrial structures are also becoming more visible. This also has implications for the tire industry, in which the nature of the services demanded and the types of roles executed are changing, not just on the manufacturing side, including the development of fuel-efficient or low environmental impact products that support the shift to electric vehicles (EV) and the improvement of production efficiency utilizing AI and IoT, but on the sales and distribution side, as well. Up until now, Toyo Tire has utilized its individual technology to build a unique product portfolio, including large-diameter tires for SUVs and other large vehicles. On the other hand, MC has a wide array of touching points with various industries, and has accumulated know-hows while building a global network through a wide range of businesses. Through this alliance, MC will expand its cooperative relationship with Toyo Tire, one that has been in the making over a half-century of transactions and joint venture business overseas, to a company-wide partnership. Utilizing its comprehensive capabilities, MC will work closely with Toyo Tire to create a new business model, one that will contribute to increasingToyo Tire’s corporate value through the provision of new services that meet the needs of the digital age and that are in line with revolutions in the mobility sector.

Thursday, January 17, 2019

Rogers Corporation introduces FDA compliant UHMW-PE films for specialty hoses - click to expand

Ohio Rubber Group holds winter technical meeting January 29 - click to expand

Global industrial rubber market forecast to reach $167 billion by 2026 - click to expand

Rubber Division, ACS, requests nominations for the 2020 Science & Technology Awards - click to expand

Global synthetic rubber market forecast with a CAGR of 5.5 percent through 2025 - click to expand

Wednesday, January 16, 2019

Retread tires market to grow at a CAGR of 4.6 percent through 2028 - click to expand

Preferred Compounding acquires Valley Rubber Mixing and Glo-Mold - click to expand

Freudenberg BlueSeal helps trucks and SUVs - click to expand

Goodyear declares quarterly dividend of 16 cents per share - click to expand

RISE project shows the profitability of extracting oil from tires - click to expand

Tuesday, January 15, 2019

Europe and CIS tire market forecast at $51 billion by 2023 - click to expand

Indonesia is ready to coordinate with Thailand and Malaysia to address declining rubber prices - click to expand

Anne Forristall Luke elected vice chair of the National Association of Manufacturers (NAM) Council of Manufacturing Associations (CMA) board of directors - click to expand

Falken Tire's ZIEX ZE001 A/S selected as factory standard tire for Subaru's Crosstrek hybrid - click to expand

Global rubber glove market forecast to reach $7.3 billion by 2023 - click to expand

Monday, January 14, 2019

Goodyear to present at Deutsche Bank Auto Industry Conference - click to expand

Global injection molding machine market size forecast at $22.45 billion by 2025 - click to expand

Cooper Tire to present at Deutsche Bank 2019 Global Auto Industry Conference - click to expand

Zeon establishes Czech subsidiary to sell raw materials for auto parts - click to expand

China to establish a rubber based free trade zone in Sri Lanka - click to expand

Friday, January 11, 2019

Shin-Etsu plans $23 million expansion of its Akron, OH, silicone facility - click to expand

Goodyear to webcast its presentation at the 2019 Wolfe Research Global Auto Industry Conference - click to expand

Abstracts solicited for 2019 International Elastomer Conference - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

ARPM creates digital training modules for rubber manufacturers - click to expand

Thursday, January 10, 2019

Rex Gauge introduces the DD-5 digital durometer - click to expand

Falken Tires selected as original equipment supplier for the 2019 Jeep Wrangler Rubicon - click to expand

TA Instruments introduces high sensitivity pressure cell for the ARES-G2 rheometer - click to expand

Silicone film market forecast to reach $1 billion by 2023 - click to expand

Market Reports

Agricultural and food grade rubber conveyor belt market to grow at a CAGR of 4.9% through 2028 - click to expand

Global silica for S-SBR market forecast with a CAGR of 7.2% through 2028 - click to expand

Silicone to lead the wearable materials market forecast at $2.9 billion by 2023 - click to expand

Global industrial rubber market forecast to reach $167 billion by 2026 - click to expand

Global synthetic rubber market forecast with a CAGR of 5.5% through 2025 - click to expand

Aircraft elastomers market to grow at CAGR Of 5.1% through 2023 - click to expand

Retread tires market to grow at a CAGR of 4.6% through 2028 - click to expand

Europe & CIS tire market is forecast at $51 billion by 2023 - click to expand

Global rubber glove market forecast to reach $7.3 billion by 2023 - click to expand

Global injection molding machine market size forecast at $22.45 billion by 2025 - click to expand

Silicone film market forecast to reach $1 billion by 2023 - click to expand

Global water-based adhesive market forecast to reach $21.3 billion by 2024 - click to expand

Global market for liquid silicone rubber forecast at $7.9 billion by 2026 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details