Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it is looking to double production capacity for automotive rubber weatherstrips at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co. Ltd. (TG Zheng Ao), an affiliate located in Hubei Province, China. By May 2021, Toyoda Gosei aims to have extended its floor space at the location and...
Lanxess AG has started up operations at a new plant in Changshu, China, for the production of high-performance plastics. The plant will be used to manufacture the company’s Durethan and Pocan brands of high-performance plastics for use in the automotive, electrical and electronics sectors. The new plant specializes in intelligent manufacturing. As part of this, it has been designed with...
Driven by factors such as the U.S.–China trade war, China’s economic slowdown is becoming clearer as of late. And these trade tensions, as well as the related sense of deceleration in domestic Chinese conditions, are now having a visible impact on trade figures. Business conditions for electrical and electronic parts saw a negative trend through to the end of last...
Sumitomo Riko Co. Ltd. (TYO:5191) is looking to target local OEMs by establishing a Chinese headquarters for its automotive business next April. Located in Jiaxing, Zhejiang Province, the new headquarters will come as part of a broader company initiative to strengthen its business system in China – the hope here being to speed up local sales growth for auto parts....
Demand for synthetic rubber is projected to keep up a strong performance for the second half of fiscal 2018, spanning October–March. While the first half of the fiscal year saw raw material cost trends drive falling profits in some areas, demand itself has been stable on the whole, with some product types continuing to see tightness in the supply–demand balance....
Kiyoshi Doi, president of major oil seal producer NOK Corp. (TYO:7240), recently provided his thoughts on how the ongoing trade war between the U.S. and China is impacting his company’s business. NOK’s operations see the company ship products both from the U.S. to China and vice versa, Doi said. He therefore expects that tariffs being placed on these products will...
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