Talking to Japan Rubber Weekly, Sumitomo Riko President Kazushi Shimizu said he believes that while automotive products will be firm this year, high-pressure hoses will depend on market conditions in China. In addition to doubling the number of local distributor members during the coronavirus pandemic, the major manufacturer of anti-vibration rubber for automobiles has announced a new product and expects...
Sumitomo Riko’s anti-vibration rubber seat rail mounts have been adopted by Toyota and Toyota Auto Body in the new Alphard and Vellfire models. Minivans use anti-vibration components to cancel out seat vibration in order to improve ride comfort, but until now they have not been able to cancel out all vibration. To solve this problem, the new Alphard has adopted...
Sumitomo Riko has begun renovation of its Komaki Plant to achieve the 2029 Sumitomo Riko Group Management Vision (2029V). As the first phase of this project, a groundbreaking ceremony for a new chemical engineering plant was held on November 28. In 2021, the company has dismantled the former company housing and gymnasium in the northern part of the Komaki Plant...
Sumitomo Riko’s heat shielding film is widely being adopted for in-vehicle use in Malaysia. The film is installed on front and front side glass and has been used in approximately 100,000 vehicles, including in police vehicles. The company plans to strengthen its sales expansion activities in Southeast Asia and India. The film was developed in collaboration with Ecotint, a Malaysian...
Sumitomo Riko’s first half (April-September 2023) results (IFRS) showed net sales of 297.88 billion yen ($1.98 billion), up 16.5% year-on-year; operating income of 12.78 billion yen, compared with a loss of 894 million yen in the same period of the previous year; and net income of 5.83 billion yen, compared with a loss of 4.79 billion yen. By business segment,...
Sumitomo Rubber will collaborate with Sumitomo Riko and Sumitomo Electric Industries to develop recycling technologies to realize the Circular Economy. In November 2022, Sumitomo Riko announced the conclusion of a joint development agreement with Lanzatech, a U.S. biotechnology company with carbon capture and conversion technology. Sumitomo Rubber and Sumitomo Electric Industries are now participating in this joint development. By collaborating...
