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Sumitomo Riko Forms Kyoshokai, Strengthening Ties With Dealers in China

on November 11, 2016 in Products

Sumitomo Riko Co. Ltd. (TYO:5191) has recently set up “Kyoshokai,” a distributors conference for Sumiriko Industrial Products Shanghai Co. Ltd., the company’s industrial hose sales subsidiary based in Shanghai, China. Kyoshokai has been established with the aim of gathering dealers that market Sumitomo Riko-branded products, provide them with information about new products and other company news, and to share market...

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Rubber Goods Production for August Shows Upward Momentum

on October 28, 2016 in Market Background, Products

Shipment value of rubber products made a slight year-on-year increase in August, moving up 0.8 percent to 163 billion yen ($1.55 billion), according to records collated by Japan’s Ministry of Economy, Trade and Industry (METI). Although the shift was of only a small degree, it represents the first year-on-year improvement in 14 months. Broken down by product type, the production...

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High-pressure Hoses Show Resolve Amid Otherwise Lackluster July for Rubber Hose Production, Shipment Value

on October 6, 2016 in Market Background, Products

Both production volume and shipment value of rubber hoses was down year-on-year for the month of July, according to records collated by the Japan Rubber Hose Manufacturers Association. Based on statistics from Japan’s Ministry of Economy, Trade and Industry (METI), the records reveal that production volume of hoses for July was 2,863 tons in terms of new-rubber volume, which represents...

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Nitta Remains on Track to Achieve Its Mid–Long-term Business Plan, says CEO

on September 9, 2016 in Interviews, Products

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...

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Rubber Hose Production Down 3.4% in First Half, Falls Below 17,000 Tons

on September 8, 2016 in Market Background

According to figures compiled by the Japan Rubber Hose Manufacturers Association, production of rubber hoses for the first half of 2016 (January-June) fell 3.4 percent over the previous year to 16,968 tons, calculated according to the volume of new rubber produced. The value of rubber hoses shipped over the same period was down 2.6 percent year-on-year to 66.063 billion yen...

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Hose Assemblies Sales Drop to 29.68 Billion Yen in First Half

on August 29, 2016 in Market Background

Sales of hose assemblies fell 6 percent year-on-year to 29.677 billion yen in the first half of 2016, according to the Japan Hose Coupling Association (JHCA). By category, industrial rubber hoses fell 6 percent, automotive rubber hoses declined 5 percent, and plastic hoses were down 6 percent. For June, total sales fell 5 percent year-on-year to 5.482 billion yen, the...

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