JSR Corp. (TYO:4185) recently reached an agreement to acquire a 100 percent stake in 3D software company Lexi Co. Ltd. With the JSR Group expanding its business through 3D printing and material technology, this is an opportunity for the company to move forward and establish a new business in the life sciences sector. The acquisition would see the combining of...
The Japanese Rubber Workers Union Confederation (JRWUC), comprising 58 member unions from the rubber industry, announced the results of its 2017 spring labor offensive negotiations to improve living standards for its membership. All 58 unions reached an agreement regarding the wages negotiated during the spring labor offensive and 53 unions reached an agreement regarding the negotiated lump sum payments for...
Japanese manufacturers of industrial rubber rollers are developing more high-performance products as a strategy to cope with declining domestic production and anticipated weak demand. Production volume is currently in a state of stagnation. According to a report by the Japan Rubber Manufacturers Association (JRMA), roller manufacturing volume during the first quarter of calendar 2017 was 996 tons, down 3.1 percent...
According to the Japan Society of Seismic Isolation’s (JSSI) recent report on the penetration of earthquake-resistant buildings, the cumulative number of buildings employing seismic isolation technology as of December 2015 amounted to 4,139, of which government buildings were 804 and private buildings were 3,335. The number of new earthquake-resistant buildings for 2015 was 170. The year saw a drastic decline...
Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...
