Light-duty resin conveyor belts are trending well at present in terms of both production and shipment, due to robust sales in Japan’s food industry. Offering the largest demand among all sectors for such belts, the food industry provides stability now and prospectively moving forward in this regard. As such, it is drawing the attention of belt manufacturers across the board,...
In FY 2015, Mitsuboshi Belting Ltd. (TYO:5192) posted operating income of 7.6 billion yen ($69.45 million), a 7 percent increase over the year prior and the highest the company has ever achieved. Year-on-year net sales were up no more than 1 percent at approximately 67.1 billion yen. Net sales of belts in Japan were around 26.5 billion yen, down 3...
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