Sumitomo Riko Co. Ltd. (TYO:5191) and Nagoya University recently entered into the second year of a collaborative research agreement under the Ministry of Economy, Trade and Industry (METI). Formed last April, the agreement targets joint research into heat management for organic materials. Looking to accelerate the deployment of heat management measures in materials technology, this comprehensive agreement targets four annual...
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Sumitomo Riko Starts Construction of New R&D Facility for Anti-Vibration Rubber
Sumitomo Riko Co. Ltd. (TYO:5191) has held a ceremony to formally mark the start of construction on a new R&D center. The facility will be established under SumiRiko AVS Germany GmbH, a subsidiary devoted to the R&D and sales of anti-vibration rubber for vehicles and based in Hesse, Germany. Under construction with a budget of approximately 10 million euros ($11.62...
Sumitomo Riko Targets 1 Trillion Yen in Sales for 100th Anniversary in 2029
Sumitomo Riko Co. Ltd. (TYO:5191) announced on May 24 that it is switching to a new medium-term management plan, titled 2022 Sumitomo Riko Group Vision (2022V). With recent years seeing factors such as a major transformation in the automotive industry and the rise of protectionism in Western nations, the new plan comes as a fundamental shift to the approach outlined...
Sumitomo Riko Lauded for Application of Anti-Vibration Rubber to Table Tennis Rackets
Sumitomo Riko Co. Ltd. (TYO:5191) has been in the limelight after its co-development of Q3, a rubber for use in table tennis rackets, with sporting goods manufacturer Mizuno Corp. (TYO:8022). While product supply in the sports industry is a first for Sumitomo Riko, the company has been able to leverage its know-how, cultivated over many years, in both anti-vibration rubber...
Sumitomo Riko President Talks Electric Vehicles and Adaptation
The auto industry’s transition to electric vehicles (EVs) is picking up pace. However, Toru Matsui, president of major rubber part manufacturer Sumitomo Riko Co. Ltd. (TYO:5191), says the trend is not having as much of an impact on the company as public discussion would imply. That being said, Sumitomo Riko has responded to the wave of EV innovation by setting...
Sumitomo Riko Aims to Bolster Overseas Production of Non-Automotive Products
Sumitomo Riko Co. Ltd. (TYO:5191) is gearing up to grow its business for general industrial products in non-automotive sectors. These plans include starting overseas production of water-developable flexographic printing plates and increasing the company’s overseas production bases for anti-vibration rubber for use in railcars. Sumitomo Riko will establish a production base for water developable flexographic printing plates in Turin, Italy,...