Using demand through March 2015 as a baseline, Sumitomo Riko Co. Ltd. (TYO:5191) is, on a consolidated basis, anticipating close to double-digit revenue growth for 2016 with its industrial hose business. Going forward, this will be backed by overseas markets. Sumitomo Riko already has production bases in China and India, and it is expanding also into other regions, with particular...
Despite forecasts indicating slow demand for construction machinery both in Japan and overseas and market conditions that have become more difficult since last year, Bridgestone Corp. (TYO:5108), which has introduced an in-house company system, is rolling out a plan to include its high-pressure hose business in its in-house global mining and agricultural machinery solutions company. Under this arrangement, the in-house...
The Japanese Rubber Workers Union Confederation (JRWUC) has largely completed its spring labor offensive, and unions have submitted wage demands at most large rubber manufacturers. According to the JRWUC, 45 out of 58 unions have submitted their wage demands, and despite discrepancies between sectors such as tires, automobile parts, and industrial goods, wage increase demands are trending downward from the...
Bridgestone Corp. (TYO:5108) has received the Environmental Award presented by Honda Motor Co. Ltd. (TYO:7267) to honor select suppliers. It is the first time that Bridgestone has received the award. The Environment Award is one of five categories including Product Quality under which Honda confers honors to express gratitude to suppliers that excel. Bridgestone received the award in the Environment...
Nitta Corporation of America (NCA), the U.S. manufacturing and sales subsidiary of Nitta Corp. (TYO:5186), has decided to construct a second plant to add more production facilities. In addition to fabricating light conveyor belts made from plastic, the second plant will add facilities for producing flat belts. NCA will invest around $7.6 million in the project, with construction commencing this...
President Yoichi Ohno of Ohno Rubber Industrial Co. Ltd., a maker of automobile rubber spare parts, recently unveiled a policy for actively developing new markets and new products in areas that the company has not been active in up till now. Proud of its 75-year history, the expansion into new areas including plastics products and engineering plastics as well as special...
