Mitsuboshi Belting Ltd. (TYO:5192) has posted approximately 53.2 billion yen ($492.7 million) in total sales for the first three periods of fiscal 2017. This represents an increase of 6.6 percent over the same period for the previous year. The company made gains in operating profit as well, recording a 6 percent year-on-year increase to hit approximately 6.91 billion yen. Ordinary...
Mitsuboshi Belting Ltd. (TYO:5192) has launched sales as of the end of last year for the Doctor Tension Type-IV, a sonic tension meter that helps maximize conveyor belt function. The device, which uses sound waves to measure optimum tension in transmission belts, can be used with a wide range of belt designs – including timing belts, flat belts, V-belts and...
The Japan Belting Manufacturers Association is forecasting 11,817 tons of demand for domestically produced transmission belt products during 2017, virtually unchanged from the previous year. While automotive-related demand has somewhat declined, demand has been strong for general industrial belting. Growth was driven by applications for semiconductors, injection molding machinery, machine tools and industrial robots. Transmission belt production from January through...
Nitta Corp. (TYO:5186) has posted record-high sales and profits for the first half (April–September) of the fiscal year ending March 2018. This reflects strong domestic and overseas business results for the company’s mainstay belt and hose business operations, as well as for its air conditioning and device-related products. Total sales for the half were 36.48 billion yen ($319.79 million), up...
Forbo Siegling Japan Ltd.’s belt and seal businesses have posted solid sales for the first half (January–June) of 2017. The company’s belt business saw sales increase more than 5 percent year-over-year on the back of sales growth in the logistics and food industries. Sales for the logistics sector were particularly robust, backed by increased demand both from logistics centers that...
The conveyor belt business is recovering thanks to a turnaround in domestic demand for conveyor production and a 40 percent jump in exports to Australia. Meanwhile, soaring raw material costs are hurting the industry’s bottom line. Production volume figures for January through August compiled by the Japan Belting Manufacturers Association show that output has recovered on a year-on-year basis to...
