Good Second-Half Earnings for NOK

Major Japanese oil seal maker NOK Corp.‘s performance in the first half (April-September) of 2015 achieved large increases in revenues and profits, with net sales increasing 22 percent year-on-year to 383.6 billion yen ($3.13 billion); operating profit rising 15 percent to 29.3 billion yen ($239.37 million); ordinary income increasing 11 percent to 34.3 billion yen ($280.23 million); and quarterly net...

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Robust Earnings for Kinugawa Rubber

Nissan affiliate Kinugawa Rubber Industrial Co. Ltd. enjoyed increased revenue and profit in the first half of fiscal 2015 (April–September). While revenue was down slightly in Japan due to lower output at Nissan Motor Co. Ltd. and a fall in orders for construction machinery products, earnings were up in the Americas and Asia. Factors contributing to higher profits included more...

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Sumitomo Riko to Open Global Headquarters

Sumitomo Riko to Open Global Headquarters

Sumitomo Riko Co. Ltd. has established its Global Headquarters in JP Tower Nagoya in the city of Nagoya (Aichi Prefecture, Japan). Opening in January 2016, it will provide integrated management of the group’s worldwide operations. With strengthened global head office functions now situated in a major metropolis, Sumitomo Riko aims for reformed employee awareness and the ability to procure and...

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Bando Sets up Timing Belt Sales Company in Mexico

Bando USA, the U.S. subsidiary of Bando Chemical Industries Ltd., has established Bando Belting Mexico in Mexico City to market V-belts and timing belts and boost sales in the country’s repair market. Mexico’s automobile industry is seeing a rapid increase in output of cars for the North American and Latin American markets. Bando USA’s new sales company looks to ride...

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Cheaper Raw Materials Help Tire Manufacturers Increase Profit (Part 2)

The price of Japanese-made naphtha, an indicator of synthetic rubber prices, was 47,200 yen ($380) per kiloliter for the third quarter (July–September), down by more than 3 percent, or 1,600 yen ($13), over the second quarter (April–June). Naphtha prices are expected to drop further in the October–December period. Falling raw material prices look to continue as a factor in tire...

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Denka President and CEO Shinsuke Yoshitaka

Denka Aims for CR Sales of 50 Billion Yen

Shinsuke Yoshitaka, president and CEO of Denka Co. Ltd., spoke about his company’s recently completed acquisition of the chloroprene rubber (CR) business of E.I. Dupont de Nemours and Company (Dupont). Yoshitaka said that since announcing the acquisition, Denka has submitted the deal to antitrust authorities in 12 countries and has been given the go-ahead, and that the newly acquired U.S....

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