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Japan boasts one of the world’s most important rubber industries. In Japan, many firms have synthetic rubber manufacturing factories. Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd. are four of Japan’s tyre manufacturers.
Manufacturers of secondary processed goods, such as belts, hoses, anti-vibration and seismic isolation rubber, fenders, rolls, sheet rubber, sealing materials, and medical items, are among the prominent participants. It’s possible that no other country in the world has as many and diverse manufacturers as Japan. This is what distinguishes the Japanese rubber business.
The Japan Rubber Industry accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Shin-Etsu Chemical Co. Ltd has announced the development of the TC-BGI Series, a silicone rubber sheet designed to act as a thermal interface in electric vehicle (EV) parts as the trend toward higher voltage continues.
The Dunlop KE-1 is a new racing kart tyre by Sumitomo Rubber Industries Ltd. The KE-1 is compatible with both standard and electric karts and offers an excellent blend of steering stability, grip, and extended life. The tyre is available in two sizes.
Faced with severe competition from China and South Korea in the automobile tyre sector, Japan’s Yokohama Rubber expedited its push into the industrial and agricultural markets with the announcement of a 2.1 billion euro ($2.31 billion) acquisition of Sweden’s Trelleborg Wheel Systems.
The transaction, which is pending to competition regulator approval, is expected to be Yokohama Rubber’s largest, surpassing the purchase of farm tyre manufacturer Alliance Tire Group. With the purchase, the Japanese company will become one of the world’s largest producers of farm tyres.
The agreement will expand the tyre choice for agricultural machinery while also improving cost competitiveness. As part of the agreement, Yokohama Rubber intends to acquire full ownership of Trelleborg Wheel Systems from parent Trelleborg Group, which will be funded with a mix of cash and loans.
Yokohama Rubber expects a temporary hit to its balance sheet, but it hopes to get its debt-to-equity ratio back to pre-crisis levels in a few years. In terms of passenger car products, Yokohama Rubber is Japan’s third-largest tiremaker, trailing Bridgestone and Sumitomo Rubber Industries.
As a result of supply chain interruptions, Toyota Motor and other automakers have had to decrease production.
Yokohama Rubber Co., Ltd. announced the signing of a Memorandum of Understanding (MOU) with Thailand’s Rubber Authority to provide economic assistance to Thai natural rubber farmers and to strengthen traceability to maintain supply chain transparency and soundness. This agreement with RAOT is the company’s most recent concrete move in support of its “Procurement Policy for Sustainable Natural Rubber.”
