Nitta on January 1 changed the company name of Connect Conveyor Belting (CCB), a consolidated subsidiary in Canada that processes and sells belts, to Nitta Corporation of Canada. Since its establishment in 1992, CCB has been providing services tailored to the specific needs of the region while utilizing its unique belt processing technology as a Canadian distributor for Nitta Corporation...
Belt, hose and tube maker Nitta has established a new company, Wakutto Nitta Corporation, to plan, propose, and operate a new business utilizing the natural resources of Hokkaido, and will start selling “domestic maple syrup” next spring, taking advantage of the company’s forest holdings. The company owns a vast forest of approximately 6,700 hectares in the Tokachi region of Hokkaido....
Nitta is constructing a second plant on the premises of its consolidated subsidiary Nitta Corporation [Thailand] (NCT), and held an inauguration ceremony on November 26. As part of the company’s shift to further globalization of the hose and tube products business in the medium-term management plan SHIFT2030, the group constructed a second plant on the premises of the NCT plant...
Nitta announced a 1.3% year-on-year increase in net sales to 44.36 billion yen ($288.40 million), a 1.5% increase in operating income to 2.56 billion yen, a 16.5% increase in ordinary income to 7.25 billion yen, and a 16.3% increase in net income to 5.83 billion yen for the first half (April-September) of the fiscal year ending March 31, 2025. Sales...
Nitta’s sales of plastic belts in the first half of the fiscal year ending March 31, 2025 (April-September) are expected to increase in the high single digits year-on-year, largely in line with plans. Sales in the food field have been the strongest, with growth in sales to convenience stores for onigiri rice balls, prepared foods, and other snack foods, as...
Nitta’s consolidated subsidiary Korea Nitta Moore relocated and expanded its plant in Gumi, Korea, and began operations at the new plant on October 1. The investment was 23 billion won ($17.1 million). With a land area of 30,312 square meters and building area of 21,705 square meters, the new plant is 2.3 times larger than the old one. Air pollution...
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