Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...
Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s sole manufacturer of rubber and plastic polymeric parts for automobiles, posted a year-on-year decline in sales volume for the first quarter, falling 5.1 percent to drop to 178.02 billion yen ($1.76 billion). Pretax profit likewise fell, dropping 5.4 percent for a mark of 7.352 billion yen. Toyoda Gosei’s revenue hits came on account...
Production of automobile tires and tire tubes for the first half of 2016 suffered a year-on-year drop of 6.6 percent, to a total of 500,481 tons, according to records compiled by the Japan Automobile Tyre Manufacturers Association (JATMA). Apart from a year-on-year increase of 7.3 percent in the production of industrial vehicle tires, production volumes fell year-on-year for all tire...
The shipment volume of carbon black for June fell 3.3 percent year on year, down at 49,414 tons, according to records compiled by the Japanese Carbon Black Association. This marked the seventh consecutive month of decline from the previous year’s results. Shipments of carbon black for rubber products were down 5.7 percent for tires, while that for general rubber products...
According to statistics recently collated by the Japan Belting Manufacturers Association, the production volume of resin belts for the first half of the year was 514,892 square meters, a 4 percent increase over that for the same period last year. By unit type, polyvinyl chloride (PVC) belts rose 1 percent and polyurethane belts were up 6 percent, with all other...
According to statistics recently collated by the Japan Belting Manufacturers Association, production volume of rubber belts for January–June 2016 has fallen 10 percent year on year, down at 13,201 tons. Shipment value was similarly down, with close to a double-digit fall for an estimated 32 billion yen ($314.015 million). This was influenced by lowered demand domestically and overseas for conveyor...
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