Toyo Tires Corp. (TYO:5105) is gradually reducing the operating losses of its auto parts business. While the company’s forecasts for calendar 2020 point to this business – which is focused on anti-vibration rubber – as posting another operating loss, the specific loss here is set to more than halve compared to 2018, when the company first changed the auto parts...
Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...
Zeon Corp. (TYO:4205) group company Tokyo Zairyo Co. Ltd., a seller of chemicals and other products from stock, recently established a new subsidiary in the Czech Republic capital of Prague. The new subsidiary began operations earlier this month under the name Tokyo Zairyo Czech s.r.o. Utilizing the networks that its parent company has cultivated both locally and overseas, Tokyo Zairyo...
Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...
NOF Corp. (TYO:4403) is keeping a keen eye on its NOF-Alloy TZ Series of high-performance elastomers, which are targeted toward use in components around automotive engines. Most applications for the series at present see these products being used in air ducts for trucks and similar vehicles. The NOF-Alloy TZ Series covers a range of thermoplastic elastomers with polymer alloy technology...
Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....
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