Rubber consumption will see its first annual increase in six years, according to a forecast by the Japan Rubber Manufacturers Association (JRMA). Combined total consumption of natural and synthetic rubber in 2017 is expected to reach 1.2932 million tons, up 0.6 percent year on year. However, total rubber consumption in 2016 is expected to fall for the fifth straight year,...
Rubber hose production fell 1.4 percent year-on-year to 3,126 tons in terms of new-rubber volume in September, while the value of shipments fell 0.7 percent to 11.863 billion yen ($102.41 million), according records compiled by the Japan Rubber Hose Manufacturers Association based on statistics by the Ministry of Economy, Trade and Industry (METI). By category, high-pressure hoses were recovering, while...
Demand is continuing to bounce back for high-pressure hoses used in construction equipment and machine tools, according to records compiled by the Japan Rubber Hose Manufacturers Association. Based on Ministry of Economy, Trade and Industry (METI) statistics, the records show that production volume for September was up 8.7 percent year-on-year, hitting 398 tons. Shipment value was also up, increasing 8.1...
Sumitomo Riko Co. Ltd. (TYO:5191) has reported that sales for the second quarter of the fiscal year ending March 2017 declined due to a negative impact of currency exchange rates caused by a strong yen. However, operating profit rose on the back of a sales volume increase mainly in North America, China and other Asian countries, positive effects of restructuring...
Sumitomo Riko Co. Ltd. (TYO:5191) has recently set up “Kyoshokai,” a distributors conference for Sumiriko Industrial Products Shanghai Co. Ltd., the company’s industrial hose sales subsidiary based in Shanghai, China. Kyoshokai has been established with the aim of gathering dealers that market Sumitomo Riko-branded products, provide them with information about new products and other company news, and to share market...
Production and shipment of high-pressure hoses are recovering, according to records compiled by the Japan Rubber Hose Manufacturers Association based on Ministry of Economy, Trade and Industry (METI) statistics. August production rose 12.6 percent year-on-year to 313 tons, while the value of shipments rose 10.8 percent to 1.293 billion yen ($12.44 million). High pressure hoses are largely used in construction...
