Rubber manufacturer Bando Chemical Industries Ltd. (TYO:5195) experienced turbulent sales in fiscal 2016. After early months showed a year-on-year downturn, the company recovered in the latter half of the year, most notably in the January–March period. But in an industry moving toward electric vehicles, how does Bando Chemical plan to respond to concerns around declining automotive belt sales? Japan Rubber...
Bando Chemical Industries Ltd. (TYO:5195) has decided to focus on selling and developing conveyor belts, leveraging the company’s technological prowess for steep incline conveyor belts, pipe conveyor belts and flame resistant conveyor belts. The decision comes in an effort to meet demand assumed by such large-scale infrastructure projects as the Tokyo Olympics and the Linear Chuo Shinkansen bullet train line....
The production volume of rubber belts for 2016 fell 7 percent from the previous year, dropping to 26,373 tons, according to statistics from the Japan Belting Manufacturers Association. Conveyor belt production declined 13 percent, down at 14,607 tons. This came as a consequence of a 16-percent year-on-year drop in exports, with a significant depression in exports for mines in Australia....
Mitsuboshi Belting Ltd. (TYO:5192) saw improved business performance over the second quarter of fiscal 2016. With operating profit rising 7 percent year-on-year to hit 4.5 billion yen ($40 million), it was Mitsuboshi Belting’s best second quarter to date. While there was impact felt with the appreciating yen, the company ensured an increase in profit on account of a decline in...
Shipment value of rubber products made a slight year-on-year increase in August, moving up 0.8 percent to 163 billion yen ($1.55 billion), according to records collated by Japan’s Ministry of Economy, Trade and Industry (METI). Although the shift was of only a small degree, it represents the first year-on-year improvement in 14 months. Broken down by product type, the production...
Yokohama Rubber Co. Ltd. (TYO:5101) is promoting sales of Tuftex α, its new conveyor belt cover compound designed for use in conveyor belts with world class abrasion resistance. The compound, which was launched in August, is targeting equipment such as reclaimers, which are used to move large volumes of materials, such as iron ore, in a short period of time...
