Rubber and resin-related companies are focusing on expanding into the food market, where they expect stable demand. At Fooma Japan 2023, held recently at Tokyo Big Sight from June 6-9, a large number of rubber and resin-related companies were present, with many of them exhibiting for the first time in order to cultivate new demand in the food industry. The...
Automobile transmission belt manufacturer Mitsuboshi Belting has switched the energy used at its Kobe Works and Shikoku Plant to alternative sources that can contribute to reducing carbon emissions. The move follows the installation of solar systems on the roofs of the Kobe Works’ Central Plant’s third and fourth buildings in November 2021 and is part of the company’s efforts to...
Mitsuboshi Belting Ltd. (TYO:5192) has reported increases to both sales and profits for the fiscal year through March 2022. Sales increased 15.4 percent from the previous year to 74.87 billion yen ($580 million), while operating income increased 53.8 percent to 7.64 billion yen. The company noted that business began to recover gradually during the second half of fiscal 2020, with...
Transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) has finished constructing a new building for the twisting of tensile cords at its Shiga Plant in Takashima, Shiga. Coming in at an investment of 900 million yen ($7.91 million), the new building has a total floor area of 2,327 square meters and is slated to begin operations this April. The investment here...
Mitsuboshi Belting Ltd. (TYO:5192) is looking to build a new plant in India for the manufacture of automotive transmission belts and other products. Investment here will come to approximately 3.6 billion yen ($32.64 million), with the new plant slated to begin operations in February 2023. Mitsuboshi Belting’s 2021 medium-term business plan has the conveyor belt and automotive transmission belt manufacturer...
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...
