Uvex Safety Group GmbH & Co. KG, a German manufacturer of safety equipment, has entered into a distributorship agreement with Kokugo Co. Ltd., a historic Japanese vendor of physics and chemistry products for the sale of the former’s industrial gloves in Japan. The partnership will see the full launch of a range of high function, value-added products in the country....
Chemical, construction material, and metal manufacturer Ube Industries Ltd. held an opening ceremony for its butadiene rubber (BR) joint-venture company established in Malaysia, “Lotte-Ube Synthetic Rubber” (LUSR, located in Tanjung Langsat Industrial Park, Johor, Malaysia). LUSR is a joint-venture company between Ube Industries, Lotte Chemical Corp. and its subsidiary Lotte Chemical Titan Holding Sdn. Bhd., and Mitsubishi Corp. LUSR operates...
Toyoda Gosei, a Toyota Group auto parts company, is slated to invest in Pecval Industria, a Brazilian firm that produces resin parts for auto interior and exterior. With this move, Toyoda Gosei plans to reinforce its business base in Brazil. Pecval is a wholly-owned subsidiary of Shimizu Industry Co., Ltd. (Kariya City, Aichi Prefecture), that produces auto dashboard components and...
In the first quarter results of Japan’s two major synthetic rubber companies, JSR Corp. and Zeon Corp., (fiscal year ending March 2016), elastomers saw lower revenues and profits at JSR, but higher revenues and profits at Zeon. In particular, JSR’s quarterly operating profits were at their lowest level since the 2008 financial crisis. The earnings differentials were caused by factors...
Sumitomo Riko Co. Ltd. (formerly Tokai Rubber Industries), in a joint venture with Daeheung R&T Co. Ltd. of South Korea, will establish a rubber refinement (kneaded rubber/rubber compound) manufacturing and vending company in China. Both companies had been involved in producing kneaded rubber, but with business expansion came the need to augment production capabilities. Sumitomo Riko views this as an...
