Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...
Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
With the four large Japanese tire makers closing their fiscal years by end of December, the latter half of March has in succession seen Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tire & Rubber Co. Ltd. (TYO:5105) holding their annual shareholders meetings. Talking at Bridgestone’s meeting on March 24, Kazuhisa Nishigai, the...
Okamoto Industries Inc. (TYO:5122) President Yoshiyuki Okamoto recently granted an interview with Japan Rubber Weekly to describe the company’s plans for the near-future. Okamoto said the company has plans to upgrade and redesign factories over the coming three years. Okamoto Industries will be aggressive in capital spending to streamline operations at plants in Japan, an effort that president Okamoto characterized...
In 2016, Wanli Tire Co. Ltd. was the first Chinese tire maker to participate in D1 Grand Prix, known to be the top drift competion in the world, and also the first to win a series championship. This helped the company to during the year enter and establish a foothold in the Japanese market. In November 2016, Wanly has become...
Sitting down recently for an interview, Bando Chemical Industries Ltd. (TYO:5195) President Mitsutaka Yoshii offered his assessment on where the company stands today, as well as how it is looking to improve itself moving forward. The company, Yoshii said, has to work in 2017 on accelerating its measures for dealing with the exchange rate and other fluctuating outside circumstances. He...
