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NOK Launches Rubber Pole Made From Sustainable Raw Materials

on October 20, 2023 in Products

NOK has released the industry’s first biomass type Postcone rubber pole (line-of-sight marker/lane separation marker) that utilizes plant-derived biomass material polymer. The new product uses 39% plant-derived polymer for the pipe portion of the body, which has the same characteristics as the polyurethane elastomer used in conventional products, while reducing CO2 emissions in the manufacturing process of the raw material...

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NOK Sets up New Sustainability Promotion Office

on July 7, 2023 in Products

Oil seal manufacturer NOK has on June 28 integrated the Environmental Management Office, the ESG Promotion Office, and the Safety and Health Promotion Department of the Operations Division and reorganized them into the Sustainability Promotion Office. NOK established “Our Purpose” and “Our Values” in May, and in the same month formulated the “Medium-Term Management Plan” and “NOK Group Sustainability Basic...

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NOK Posts Full Year Results, Sales up 4%

on May 17, 2023 in Products

NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...

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Industry Trends: Signs of Recovery in Automotive Rubber Parts Performance

on November 15, 2022 in Industry, Market Background

Are we on the way toward a full-fledged recovery in demand? As rubber and plastic product manufacturers continue to announce their first half (April-September) earnings results for the fiscal year ending March 31, 2023, a recovery trend becomes visible in the automobile industry, the main source of demand. With the global economic outlook uncertain, it remains to be seen whether...

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NOK Raises Earnings Estimates for Second Half and Full Year

on October 31, 2022 in Products

NOK, a leading manufacturer of O-rings, announced upward revisions to its second half and full-year earnings forecasts. According to the announcement, the company sees its second half sales forecast to remain largely unchanged from the previous forecast, but expects operating income to increase due to foreign exchange fluctuations and the passing on of selling prices following the sharp rise in...

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NOK to Expand Manufacture of Anti-Vibration and Soundproofing Products for EVs

on September 6, 2022 in Products

NOK is set to expand facilities to manufacture anti-vibration and soundproofing products for electric vehicles used around electric power steering (EPS), gears, and brakes at its Tottori Plant in Japan. The move will take place over a three-year period from fiscal 2021 to 2023 and aims to enhance the company’s response to the electrification of automobiles. The investment amount is...

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