Yokohama Rubber Co. Ltd. (TYO:5101) is looking to increase production capacity for conveyor belts at its Hiratsuka Factory in Kanagawa. This comes as part of a broader effort to bolster the company’s business for industrial materials. Plans are to conduct the expansion here in stages, with the first stage amounting to an investment of around 1.6 billion yen ($13.22 million)....
Bridgestone Corp. (TYO:5108) is set to raise its manufacturer’s selling prices for domestic sales of a number of industrial products, including hydraulic hoses and rubber crawlers. The changes will come into effect on April 1. Specifically, Bridgestone has announced an average 12 percent price hike on hydraulic hoses, including rubber hoses, plastic hoses, polyamide tubes and their protective materials; an...
Fukoku Co. Ltd. has posted its business results for the first three quarters of fiscal 2021. The rubber auto parts manufacturer posted sales for the period coming to 54.15 billion yen ($468.84 million), while operating profit came to 1.81 billion yen. Looking on a per-segment basis, Fukoku’s Functional Parts Business generated sales of 24.13 billion yen, up 21.5 percent year-on-year,...
Fuji Latex Co. Ltd. (TYO:4199) has posted its business results for the first three quarters of fiscal 2021, revealing sales of 6.14 billion yen ($53.19 million), an operating profit of 647 million yen, an ordinary profit of 616 million yen and a net profit of 353 million yen. Looking at these figures on a per-segment basis, the company’s health care...
Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
Transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) has finished constructing a new building for the twisting of tensile cords at its Shiga Plant in Takashima, Shiga. Coming in at an investment of 900 million yen ($7.91 million), the new building has a total floor area of 2,327 square meters and is slated to begin operations this April. The investment here...
