Nishikawa Rubber Co. Ltd. (TYO:5161) announced on July 20 that it has agreed to plead guilty and pay $130 million in fines for infringement of U.S. antitrust law through the company’s sales of automotive sealing parts. Nishikawa Rubber had fully cooperated with the U.S. Department of Justice in its investigation into the company’s automobile sealing products, and has decided to...
Bridgestone Sports Co. Ltd., a subsidiary of Bridgestone Corp. (TYO:5108), is launching a new series of Tour B products under the Bridgestone Golf brand that are designed for athletic golfers. Bridgestone Sports launched the Bridgestone Golf Tour B330 golf ball series in March, followed by the Bridgestone Golf Tour B V10 golf ball series in April. Tour B clubs are...
Chemicals manufacturer Denka Co. Ltd. (TYO:4061) has set up an “Automotive Materials & Solutions Department” under the company’s Electronics & Innovative Products Division. The department will collectively handle new research and development themes undertaken at the request of business units within the Denka Group, with a focus on next-generation automobiles and automotive parts. Denka boasts a solid track record in serving...
Three Japanese companies have come up with a novel idea for treating dementia patients in their home country, which is rapidly aging. Achilles Corp. (TYO:5142) has partnered with Tsukui Corp. (TYO:2398), which runs an elderly nursing care business, and Kato-Denki Inc., a company involved in planning and selling security devices for automobiles and general use. The trio will commence a...
The month of May brought a 10th consecutive month of decline for the export value of rubber products, while import value rose for the first time in half a year, according to records collated by the Japan Rubber Manufacturers Association. Sourced from Trade Statistics of Japan, the records show that the value of exported rubber products for May was 63.07...
Production and shipments of rubber goods in Japan remain in low gear. According to Japan’s Ministry of Economy, Trade and Industry, the shipment value of rubber goods in May 2016 decreased by 4.6 percent year on year to 164.5 billion yen ($1.57 billion), the 11th consecutive month of year-on-year decline. Production and shipments of major rubber goods such as tires,...
