Sumitomo Riko Co. Ltd. (TYO:5191) has established in Poland a new company, SumiRiko Automotive Hose Poland Sp. z o. o. (SRK-HP), for the manufacturing and distribution of automotive hoses. The new company represents an investment of 10 million euro ($11 million). Located in the city of Sosnowiec, the company will commence operations in October of this year. Sumitomo Riko already...
Yoshiaki Nishimura, Chairman of the Board and CEO of Sumitomo Riko Co. Ltd. (TYO:5191), recently commented on the current state of the company’s business growth and transformation into a global firm. In 2013, Sumitomo Riko carried out four M&A deals, giving the company the largest share in the global market for automotive anti-vibration rubber. That share is projected to be...
Sumitomo Riko Co. Ltd. (TYO:5191) has developed a cardiac compression training sensor system that makes use of the company’s all-rubber “Smart Rubber” (SR) touch sensors. Set inside a dummy’s chest for cardiopulmonary resuscitation (CPR) training, the system is a unit composed of a sensor sheet together with computer software and a controller. The system detects the position, depth, force and...
Sumitomo Riko’s (TYO:5191) results for the first nine months of the fiscal year ending March 2016 show sales of 316.4 billion yen ($2.7 billion), up 8 percent. Operating profit increased 75 percent to 8.7 billion yen, while net profit was 1 billion yen against a loss of 323 million yen in the same period of the previous year.
Sumitomo Riko Co. Ltd. has concluded an exclusive distributor agreement with Hydroscand AB, a Swedish seller of high-pressure hoses based in Stockholm. The move will enable Sumitomo Riko to expand sales of high-pressure hoses in 43 countries in Europe and elsewhere. This marks the company's first full entry into the industrial hose business's European market.
New Year’s Top Interview: Sumitomo Riko President Tetsu Matsui In an interview with Japan Rubber Weekly, Sumitomo Riko Co. Ltd. (TYO:5191) President Tetsu Matsui talked about his background as well as his and the company’s present situation. He said he assumed his post in June 2015 after spending seven years in North America. Since Matsui’s previous work experience was in...
