Toyoda Gosei will increase the production capacity of its U.S. subsidiaries TG Missouri (TGMO) and TG Kentucky (TGKY) in order to respond to expanding sales of automotive interior and exterior parts in North America. The investment will be approximately 3.1 billion yen ($20.88 million) for TGMO and approximately 5.7 billion yen for TGKY. The expanded capacity is scheduled to start...
Bando Chemical started operation of a solar power generation system on the roof of Bando Belt Tianjin, its subsidiary in China, in December as part of its efforts to achieve carbon neutrality and utilize clean energy. The newly installed solar power generation system has a generating capacity of 741 kW, with a projected annual power output of 850 MWh per...
Sumitomo Riko’s anti-vibration rubber seat rail mounts have been adopted by Toyota and Toyota Auto Body in the new Alphard and Vellfire models. Minivans use anti-vibration components to cancel out seat vibration in order to improve ride comfort, but until now they have not been able to cancel out all vibration. To solve this problem, the new Alphard has adopted...
In the first half (April-September) of the fiscal year ending March 31, 2024, Togawa Rubber’s rubber sheet business posted a slight increase in sales over the same period last year. However, the business stalled in the summer, possibly due to the impact of price revisions implemented in June, and sales in August and September were lower than in the same...
Sumitomo Riko has begun renovation of its Komaki Plant to achieve the 2029 Sumitomo Riko Group Management Vision (2029V). As the first phase of this project, a groundbreaking ceremony for a new chemical engineering plant was held on November 28. In 2021, the company has dismantled the former company housing and gymnasium in the northern part of the Komaki Plant...
Automotive rubber parts maker Fukoku posted sales of 42.95 billion yen ($291.76 million), up 10.2% year-on-year, operating profit of 1.06 billion yen, up 29.6%, recurring profit of 1.39 billion yen, down 23.2%, and net profit of 1.047 billion yen, down 28.7% in the first half (April-September) of the fiscal year ending March 2024). Sales were affected by the economic slowdown...
