The Japan Automobile Tyre Manufacturers Association Inc. (JATMA) has announced that the combined domestic production of automotive tires and tubes for the January–September period totaled 763,456 tons, making for a 0.6 percent increase over the same period last year. Of this total production volume, 395,632 tons were for domestic use, up 4.7 percent, while production volume for exports totaled 375,654...
NOK Corp. (TYO:7240) has released its results for the second quarter of fiscal 2017. The major oil seals manufacturer posted net sales of 357.04 billion yen ($3.14 billion), up 6.7 percent year-on-year; operating income of 20.1 billion yen, up 77 percent; ordinary income of 26.6 billion yen, up 175.7 percent; and quarterly net profit of 16.25 billion yen, up 246.1...
Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its business results for the first half of the fiscal year ending March 2018. The company, which manufactures weatherstrips and other auto parts, posted sales of 44.29 billion yen ($390.32 million), up 4.7 percent year-on-year; an operating profit of 3.75 billion yen, down 3.5 percent and an ordinary profit of 4.54 billion yen,...
Bando Chemical Industries Ltd. (TYO:5195) has established Bando Asia & Pacific Co. Ltd., a new wholly-owned subsidiary in Bangkok, Thailand. Intended to help Bando advance its business in Asian markets more effectively, the subsidiary was established with 11 million Thai Baht ($332,527) in capital, and is set to begin operating next January. For the time being, its role will be...
Forbo Siegling Japan Ltd.’s belt and seal businesses have posted solid sales for the first half (January–June) of 2017. The company’s belt business saw sales increase more than 5 percent year-over-year on the back of sales growth in the logistics and food industries. Sales for the logistics sector were particularly robust, backed by increased demand both from logistics centers that...
Sumitomo Riko Co. Ltd. (TYO:5191) held its second “Kyoshokai” event on Nov. 1 at the company’s branch in Ayabe, Kyoto. The company used the event to outline business objectives and recognize the efforts of outstanding Chinese distributors. Established in 2016, Kyoshokai is a distributors conference for Sumiriko Industrial Products (Shanghai) Co. Ltd., a Shanghai-based industrial hose sales subsidiary of Sumitomo...
