Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) has written off some of the debt held by consolidated subsidiary Kinugawa Mexico SA De Cv. Writing off this debt is intended to free Kinugawa Mexico of excessive liabilities and fortify its financial footing. The debts forgiven, including accounts receivable, amounts to $13 million. This move means Kinugawa Rubber Industrial has booked approximately 1.47...
Yokohama Industrial Products Italy S.r.l., a subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101) that manufactures and sells marine hoses, will begin boosting production and increasing sales of its Seaflex brand of marine hoses in the first half of the fiscal year that began on April 1, 2016. The hoses, which are used for the maritime transport of crude oil and...
Komatsubara, a Japanese manufacturer of equipment and machinery for producing rubber products, has plans to increase sales of its Floating Vibro Washer (FV Washer), a washing system for automatically cleaning and unclogging soiled metal mesh conveyor belts. The FV Washer is highly suitable for use in food production processes, where complete hygiene control is an absolute requirement. And the company...
Nitta Corp. (TYO:5186) subsidiary Nitta Corporation of America (NCA) has conducted a ceremony, believed under the indigenous Japanese Shinto religion to purify land, at the expanded construction site where its second factory is to be built. Operating mainly in North and South America, NCA is building the new factory facilities to reinforce its production and processing efforts as its regional...
In January 2016, the shipment value of rubber products in Japan fell by 6 percent to 160 billion yen ($1.41 billion), the seventh consecutive month of year-on-year decreases, according to Japan’s Ministry of Economy, Trade and Industry (METI). Automobile tire production was down 67 percent to 10.72 million tires, the 14th consecutive month of year-on-year decreases. Meanwhile, the value of...
Hiroshima Kasei Ltd. is moving ahead with the construction of a factory to make vehicle seals in Bandung, Indonesia. The decision is in response to Japanese vehicle manufacturers operating plants outside Japan. The venture in Indonesia will be the first time the company will directly manufacture vehicle seals outside Japan. The company has until now indirectly supplied vehicle manufacturing plants...
