Yokohama Rubber announced a new medium-term management plan, “Yokohama Transformation 2026 (YX2026),” covering the period from 2024 to 2026. Under YX2026, the company aims to achieve hockey stick growth by 2027 through further promoting the deepening of strengths and exploration of new values in existing businesses that have been promoted since the previous mid-term plan, YX2023. The management targets for...
Bridgestone’s Diversified Products business is steadily improving its performance. In the fiscal year ended December 31, 2023, this business posted sales revenue of 298.4 billion yen ($1.98 billion), up 7% from the previous year, adjusted operating profit of 13.2 billion yen, up 39%, and adjusted operating profit margin of 4.4%, up 1.0 percentage point. The Chemical Products business posted sales...
Toyoda Gosei will increase the production capacity of its U.S. subsidiaries TG Missouri (TGMO) and TG Kentucky (TGKY) in order to respond to expanding sales of automotive interior and exterior parts in North America. The investment will be approximately 3.1 billion yen ($20.88 million) for TGMO and approximately 5.7 billion yen for TGKY. The expanded capacity is scheduled to start...
Bando Chemical started operation of a solar power generation system on the roof of Bando Belt Tianjin, its subsidiary in China, in December as part of its efforts to achieve carbon neutrality and utilize clean energy. The newly installed solar power generation system has a generating capacity of 741 kW, with a projected annual power output of 850 MWh per...
Sumitomo Riko’s anti-vibration rubber seat rail mounts have been adopted by Toyota and Toyota Auto Body in the new Alphard and Vellfire models. Minivans use anti-vibration components to cancel out seat vibration in order to improve ride comfort, but until now they have not been able to cancel out all vibration. To solve this problem, the new Alphard has adopted...
In the first half (April-September) of the fiscal year ending March 31, 2024, Togawa Rubber’s rubber sheet business posted a slight increase in sales over the same period last year. However, the business stalled in the summer, possibly due to the impact of price revisions implemented in June, and sales in August and September were lower than in the same...
