Sumitomo Riko Co. Ltd. (TYO:5191) held a ceremony in Thailand to mark the opening of SumiRiko Chemical and Plastic Products (Thailand) Ltd. (SRK-CP). A subsidiary of Sumitomo Riko in Rayong Province, SRK-CP manufactures and sells precision parts for office equipment. Tetsu Matsui, Sumitomo Riko president and COO, said at the ceremony, which took place in early November, that he hopes...
For fiscal 2015 as a whole, many Japanese auto parts manufacturers anticipate a turn for the worse. This is particularly true overseas, where besides deceleration in China and elsewhere in Asia, and a sluggish South American economy, output is down at European car companies. The Brazilian economy began shifting down last year, and it will likely continue to do so...
There is growing cause for concern over the outlook for Japanese manufacturers of rubber auto parts. The Chinese economy is now in a clear slowdown, while uncertainty lingers over developing economies in Southeast Asia and South America. Manufacturers have increased overseas sales over the past few years. This growth has primarily been in China and elsewhere in Asia, as well...
Asahi Rubber Inc., a manufacturer of automotive and medical rubber products, is planning capital investments worth approximately 543 million yen ($4.42 million) during the fiscal year ending in March 2016. The investments will inject 250 million yen ($2.03 million) into automotive, 95 million yen ($773,000) into medicine, 132 million yen ($1.07 million) into life sciences and 110 million yen ($895,000)...
Fukoku Co. Ltd., a manufacturer of automobile rubber parts, enjoyed a 6.5 percent advance in consolidated net sales year-on-year for the first six months (April–September) of fiscal 2015, Executive Vice President Akira Inohara said. This result, aided by increased earnings at Fukoku subsidiaries in all regions, continues on last year’s solid showing. Net sales were 22.8 billion yen ($185.36 million)...
Conveyor and transmission belt manufacturer Nitta Corporation is also known for developing signature products in the mechatronics field. The latest of these is the company’s newly announced Omega type M automatic tool changer. Nitta offers an extensive automatic tool changer lineup and has to date shipped a cumulative total of more than 200,000 units to customers in 28 countries. The...
