Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...
Mitsuboshi Belting Ltd. (TYO:5192) set a new company record for operating income in the fiscal year ending March 2017. This marks the company’s fourth straight year of record numbers in this category. The operating income figure was 8.28 billion yen ($74.28 million), up 8.5 percent over the previous year. Although a higher yen had a slight negative impact on net...
Sumitomo Riko Co. Ltd. (TYO:5191) on June 1 launched a new size in the company’s SR Soft Vision series of body pressure sensors. The new product is half the size of other products in the line and covers the torso from shoulders to hips. The product series uses smart rubber (SR) sensor technology developed by Sumitomo Riko to form sheet...
Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
Sumitomo Riko Co. Ltd. (TYO:5191) recently debuted a low-density ethylene propylene diene monomer (EPDM) hose made from the company’s newly developed lightweight reinforcement material. The hose was revealed at the Automotive Engineering Exposition 2017 held at the Pacific Convention Plaza Yokohama May 24 through May 26. Developed in order to reduce automotive energy consumption, the hose is based on a...
Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...
