Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...
Toyoda Gosei Co. Ltd. (TYO:7282) and Advanced Softmaterials Inc. have concluded an exclusive licensing agreement for the use and sales of Slide-Ring Material, a key material for e-Rubber. The agreement is limited to applications of the material in dielectric actuators and dielectric sensors. Advanced Softmaterials, which was established in 2005 with the aim of commercializing the Slide-Ring Material developed at...
Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s only manufacturer of high-polymer automobile components made from rubber and plastic, has released its business results for the fiscal year ending March 2017. The company saw sales of 755.61 billion yen ($6.63 billion), a year-on-year decrease of 3.4 percent; operating profit was down at 40,675,000,000 yen, a 5-percent decline; ordinary income dropped to...
Toyoda Gosei Co. Ltd. (TYO:7282) will be exhibiting at Auto Shanghai 2017, the 17th International Automobile Industry Exhibition. The event will be taking place from April 19 at the National Exhibition and Convention Center. Toyoda Gosei will showcase a wire mock-up car fitted with company products that contribute to safety and environmental performance. Products contributing to improved safety will include...
Toyoda Gosei Co. Ltd. (TYO:7282) said it is installing liquefied natural gas (LNG) equipment at its Morimachi Plant and switching boiler fuel from heavy oil to LNG. The company eyes to start operations within February 2017. It is also planning to switch the liquefied petroleum gas (LPG) currently used in the heating furnaces in production processes to LNG by February...
As Toyoda Gosei Co. Ltd. (TYO:7282) moves forward with 2017, the company finds itself encompassed by an environment of accelerating change, says President Naoki Miyazaki. Continuing on from the first installment of a two-part exclusive interview with Japan Rubber Weekly, Miyazaki discussed what such changes mean for the company and how it plans to proceed. For Miyazaki, the nature of...
