Sumitomo Riko Co. Ltd. (TYO:5191) is looking to target local OEMs by establishing a Chinese headquarters for its automotive business next April. Located in Jiaxing, Zhejiang Province, the new headquarters will come as part of a broader company initiative to strengthen its business system in China – the hope here being to speed up local sales growth for auto parts....
With Fukoku Bussan Co. Ltd. approaching the 70th anniversary of its founding this coming May, CEO and President Yoshie Kibe spoke recently on the rubber industrial product trading company’s aspirations moving forward. The last few decades has seen the company develop joint venture factories and sales offices in China, Indonesia and Thailand, Kibe said. Looking forward, she said, the company...
Sumitomo Riko Co. Ltd. (TYO:5191) will need to boost production in the U.S. if renegotiation of the North American Free Trade Agreement (NAFTA) following President Trump’s inauguration results in high tariffs, said Chairman and CEO Yoshiaki Nishimura. Speaking at a recent media gathering, Nishimura stated that the company will monitor developments involving NAFTA, tailoring investment and employment plans accordingly and...
Sumitomo Riko Co. Ltd. (TYO:5191) has recently set up “Kyoshokai,” a distributors conference for Sumiriko Industrial Products Shanghai Co. Ltd., the company’s industrial hose sales subsidiary based in Shanghai, China. Kyoshokai has been established with the aim of gathering dealers that market Sumitomo Riko-branded products, provide them with information about new products and other company news, and to share market...
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...
