Nitta Corporation of America (NCA), the U.S. manufacturing and sales subsidiary of Nitta Corp. (TYO:5186), has decided to construct a second plant to add more production facilities. In addition to fabricating light conveyor belts made from plastic, the second plant will add facilities for producing flat belts. NCA will invest around $7.6 million in the project, with construction commencing this...
President Yoichi Ohno of Ohno Rubber Industrial Co. Ltd., a maker of automobile rubber spare parts, recently unveiled a policy for actively developing new markets and new products in areas that the company has not been active in up till now. Proud of its 75-year history, the expansion into new areas including plastics products and engineering plastics as well as special...
Kureha Elastomer Co. Ltd., a manufacturer of office automation (OA) equipment and rubber spinning rollers, is developing ultra-thin high-performance rubber sheets with which it hopes to target new markets such as batteries and medical instrumentations. The ultra-thin high-precision sheets measure 0.05-0.02 mm in thickness with tolerances of ±10 percent, and can be produced from various kinds of synthetic rubber in...
According to statistics by the Japan Belting Manufacturers Association on demand for conveyor belts and plastic belts in 2015, the total value of conveyor belt sales was flat from the previous year. Domestic demand accounted for 61 percent of total sales in monetary terms. Exports accounted for 39 percent of sales, a drop of 19 percent from the year prior....
The sneaker craze may very well have hit a peak in 2015. New Balance Japan Inc., a key driver of this high demand, saw 2015 (January–December) sales go up almost 30 percent over the previous year, with lifestyle shoes rising more than 40 percent. President Tomoo Tomita called 2015 a year in which his company benefitted from the sneaker craze....
Motoi Oyama, president and CEO of Asics Corp. (TYO:7936), explained the company’s recent performance as follows. Domestic sales fell by 1.5 percent to 101.2 billion yen ($890.8 million) largely due to sluggish performance of apparel. Overseas sales increased by 14.8 percent to 327.3 billion yen, which even after removing currency effects, represented a 10.2 percent increase. The proportion of global...
