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...
Japanese-based Matsuda Seisakusho Co. Ltd. and German-based Klockner Desma Elastomertechnik GmbH (Desma), both major manufacturers of injection molding machines for rubber, recently announced that they have formed a business alliance. From this spring, the companies will use their alliance to establish a system for joint product development, sales and after-sales services. These services will be offered mainly to Japanese manufacturers...
Toyoda Gosei Co. Ltd. (TYO:7282) wants to get back to the fundamentals of manufacturing, says President Naoki Miyazaki. Sitting down recently for an exclusive interview with Japan Rubber Weekly, Miyazaki said that getting back to these basics will serve to achieve continued growth and get out on top of global competition in what is expected to be a tough business...
Toyoda Gosei Co. Ltd. (TYO:7282) operates four plants in Mexico and is in the process of shifting production from plants in Canada and the U.S. to Mexico as part of the North American Free Trade Agreement (NAFTA) framework, particularly in relation to weatherstrip products. The company is moving forward with investments in a Mexico subsidiary to increase the production capacity...
Sumitomo Riko Co. Ltd. (TYO:5191) will need to boost production in the U.S. if renegotiation of the North American Free Trade Agreement (NAFTA) following President Trump’s inauguration results in high tariffs, said Chairman and CEO Yoshiaki Nishimura. Speaking at a recent media gathering, Nishimura stated that the company will monitor developments involving NAFTA, tailoring investment and employment plans accordingly and...
Bridgestone Corp. (TYO:5108) CEO and Chairman Masaaki Tsuya recently offered his perspective on U.S. President-elect Donald Trump’s plans to pull out of the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP). Speaking at a press conference held on Dec. 5, Tsuya said that these moves could in the near term have a positive effect on tires and...
