As announced by the Japan Belting Manufacturers Association, sales for rubber and resin conveyor belts over January–June saw a decrease in demand for rubber conveyor belts used in their primary space of big steel. Sales to blast furnace manufacturers were down 1 percent year-on-year. Meanwhile, sales to companies involved in big steel were down 45 percent, which was the highest...
Sitting down for an interview recently, Nitta Corp. (TYO:5186) President Motonobu Nitta told Japan Rubber Weekly that the company’s sales and profit figures have mostly developed as planned. Nitta furthermore said that forecasts for the full business year remain unchanged for the major belt, hose and tube manufacturer. On general conditions for the first quarter of fiscal 2016, Nitta said...
According to statistics recently collated by the Japan Belting Manufacturers Association, production volume of rubber belts for January–June 2016 has fallen 10 percent year on year, down at 13,201 tons. Shipment value was similarly down, with close to a double-digit fall for an estimated 32 billion yen ($314.015 million). This was influenced by lowered demand domestically and overseas for conveyor...
Rubber belt production for May totaled 2,003 tons in terms of new-rubber volume, down 3.6 percent from the same month of the previous year, while shipments were valued at 5.6 billion yen ($53.01 million), up 0.6 percent from the previous May. It was the 13th consecutive month of decline in production volume and the first year-on-year increase in shipment value...
In FY 2015, Mitsuboshi Belting Ltd. (TYO:5192) posted operating income of 7.6 billion yen ($69.45 million), a 7 percent increase over the year prior and the highest the company has ever achieved. Year-on-year net sales were up no more than 1 percent at approximately 67.1 billion yen. Net sales of belts in Japan were around 26.5 billion yen, down 3...
Mitsutaka Yoshii, president of Kobe-based Bando Chemical Industries Ltd. (TYO:5195), presided over a ceremony on April 14 to commemorate the 110th anniversary of the business’s foundation, where he and around 200 people including executives, managers and other employees were in attendance for the special occasion. The ceremony was broadcast live to 23 locations in nine countries. Yoshii kicked off the...
