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 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...
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 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,...
The robotics industry is booming as manufacturers cut personnel costs and supplement scarce human resources through production line automation and workforce reduction. According to statistics reported by the Japan Robot Association (JARA), 55,998 robotic devices were produced during the July-September quarter, up 44.9 percent from the same quarter of the previous year. Shipment value amounted to 195.95 billion yen ($1.73...
Sumitomo Riko Co. Ltd. (TYO:5191) subsidiary Tokai Imperial Hydraulics India Pvt. Ltd. (TIH) is set to take part in Excon 2017, also known as the International Construction Equipment and Construction Technology Trade Fair. The Indian-based manufacturer and seller of industrial hoses will be exhibiting its key products at the trade fair, which starts in Bangalore on Dec. 12. The firm...
