The efforts of business activities to date are beginning to come to fruition for Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Motor Group’s sole manufacturer of rubber and resin automotive components. Speaking of his ambition in a recent interview, President Naoki Miyazaki said that 2016 is a year in which Toyoda Gosei is looking to make full-scale developments. However, Miyazaki said,...
Belt manufacturer Habasit Nippon has launched an automatic belt cleaner marketed as the FV Washing System. The apparatus employs a new cleaning technique. Waves in the water strike a conveyor belt with vibrations. These vibrations loosen and remove the belt's dirt, which then float up in the water. The system uses no detergent, only water, hot or cold.
Sumitomo Riko’s (TYO:5191) results for the first nine months of the fiscal year ending March 2016 show sales of 316.4 billion yen ($2.7 billion), up 8 percent. Operating profit increased 75 percent to 8.7 billion yen, while net profit was 1 billion yen against a loss of 323 million yen in the same period of the previous year.
The total value of hose assembly sales during 2015 was 62.562 billion yen, 5 percent less than the previous year, representing a turn to negative territory after an annual increase in 2014, according to the Japan Hose Coupling Association (JHCA). For December alone, overall sales were down more than 10 percent from December of the previous year.
Resin belt production in 2015 was approximately 1.04 million square meters, on a par with the previous period. Demand was stable in the two main segments of food and distribution systems. By product segment, PVC showed a slight increase and polyurethane a slight decrease. All other products showed a double-digit increase.
Japanese rubber belt production in 2015 was around 29,000 tons, marking a 6-percent year-on-year drop to below the 30,000-ton level for the first time in five years, according to statistics compiled by the Japan Belting Manufacturers' Association. Domestic demand held to only a small three-percent decline, but export demand decreased steeply by 15 percent.
