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Sumitomo Rubber Submits Updated Eco-First Commitments

on November 24, 2017 in Products

Sumitomo Rubber Industries Ltd. (TYO:5110), a company certified under the Ministry of the Environment’s Eco-First Program, recently announced that it has submitted its updated Eco-First Commitments to the Minister of the Environment. The Eco-First Program is an initiative in which companies pledge their own efforts to protect the environment, including measures against global warming, to the Minister of the Environment....

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Mitsuboshi Belting Posts Record-High Earnings for Second Quarter

on November 22, 2017 in Products

Conveyor and transmission belt manufacturer Mitsuboshi Belting Co. (TYO:5192) has posted approximately 35.59 billion yen ($316.92 million) in total sales for the July–September period of fiscal 2017. This represents an increase of 7.1 percent over the same period for the previous year. The company also set record highs for the second quarter for operating profit, ordinary profit and quarterly net...

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Rubber Hoses See Solid Demand for Automotive and High-Pressure Applications

on November 21, 2017 in Market Background, Products

Production and shipments for rubber and resin hoses are on an upward trend. Automotive and high-pressure rubber hoses have been solid performers on the back of a recovery in domestic automotive production volume and robust demand for construction equipment and machine tools. Resin hoses and tubes have also been going strong, supported by firm demand from the semiconductor industry. This...

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Automotive Tire and Tube Production up 0.6% Across First Three Quarters

on November 17, 2017 in Products

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...

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Seals, Electronic Components Drive Higher Income and Profit for NOK in First Half

on November 14, 2017 in Market Background, Products

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...

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Nishikawa Rubber Sees Strong First Half on Back of Automotive Turnaround

on November 14, 2017 in Market Background, Products

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,...

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