Marugo Rubber Industries Ltd., based in Kurashiki, Okayama, plans to establish a production base for automobile rubber parts in Thailand. It has also inked a technical assistance agreement with a rubber component manufacturer in the Philippines. Those moves are part of Marugo’s strategy to strengthen its production and supply capability in the growing ASEAN region. Marugo has established a sales...
Togawa Rubber Co. Ltd. will revise pricing for its natural rubber sheets from January 1, 2016. The lines that will be affected are the thicker versions of the general-purpose natural rubber sheets, for which current prices will increase by 15–20 percent. Although the cost of primary materials is relatively stable, manufacturing facilities differ with respect to the thickness of the rubber...
Nitta Corp. (TYO:5186), which has previously made clear its intent to expand its global reach, currently has 18 manufacturing, fabrication and sales locations in 12 countries around the world. Nitta Corporation (Thailand) Ltd., a manufacturer and seller of hoses and tubes that was recently established in Thailand, has completed a factory that is now coming into full operation. Nitta also...
Yokohama Rubber Co. Ltd. (TYO:5101) is working to expand sales overseas of its Multiple Business (MB) Group, which handles products such as hydraulic hoses, conveyor belts, marine hoses and vehicle fender materials. In September 2014, Yokohama Rubber acquired Parker MHP S.r.l., an Italian marine hose manufacturing subsidiary of Parker Hannifin Corp. of the United States. With a production volume of...
Mitsuboshi Belting Ltd. (TYO:5192) is enjoying strong sales of conveyor belts for light transport, particularly the “white” belts used for food products. Sales are on the increase in the processed food market, particularly of convenience store items such as packed lunches, “onigiri” stuffed rice balls and prepared side-dishes. Safety and hygiene management standards in the food production workplace have grown...
The domestic revenue for the conveyor belt business of Yokohama Rubber Co. Ltd. (TYO:5101) moved almost sideways last year from the prior year. Meanwhile, the global sales for the segment fell, pushed down by a decline in global commodity prices. Although the segment’s domestic sales volume slightly increased, the profit was squeezed by price competition. While the demand for steelmakers,...
