Are we on the way toward a full-fledged recovery in demand? As rubber and plastic product manufacturers continue to announce their first half (April-September) earnings results for the fiscal year ending March 31, 2023, a recovery trend becomes visible in the automobile industry, the main source of demand. With the global economic outlook uncertain, it remains to be seen whether...
Sumitomo Riko will increase the production capacity of the O’Donnell Plant of S-Riko de Querétaro (SRK-QRO, headquartered in Querétaro, Mexico), a group company that manufactures and sells automotive anti-vibration rubber and other products in Mexico. By expanding the plant building from the current 12,000 square meters to 22,000 square meters, SRK-QRO’s production capacity of automotive anti-vibration rubber will be increased...
Sumitomo Riko, a leading supplier of automotive rubber parts such as anti-vibration rubber, posted sales of 255.6 billion yen ($1.76 billion), up 22.7 percent year-on-year, business loss of 894 million yen (102 million yen profit in the same period last year), and quarterly loss of 4.794 billion yen (3.480 billion yen profit in the same period last year) in the...
Sumitomo Riko has joined on July 25 the Global Platform for Sustainable Natural Rubber (GPSNR). This comes as the company believes that it is necessary to endorse and join the GPSNR policy to ensure the traceability and sustainability of the procurement of natural rubber. GPSNR is an international platform established in October 2018 with the participation of tire manufacturers, automakers,...
Sumitomo Riko Co. Ltd. (TYO:5191) has seen Finesulight, a thin heat-insulating material, win the 2022 Aichi Invention Award issued by the Aichi Institute of Invention. Finesulight sees silica aerogel, a heat-insulating filler with pores small enough that even air is unable to move significantly, turned into paint form. The material is then coated onto base materials such as nonwovens or...
Sumitomo Riko (TYO:5191) has had its anti-vibration rubber for trains get selected for use in the 315 series, a conventional commuter train offered by Central Japan Railway Co. (JR Central; TYO:9022). Anti-vibration rubber can be fitted to a train’s bogie to minimize vibration while the train is in motion. Sumitomo Riko’s offerings in this market are used in overseas and...
