Mitsui Chemicals to Ramp up TPE Production to 60,000 Tons by 2020

Mitsui Chemicals Inc. (TYO:4183) will expand production capacity for thermoplastic elastomer product Milastomer to 60,000 tons by 2020. This figure represents a 30-percent increase compared to 2017’s volume. Milastomer is a cross-linked olefin-based thermoplastic elastomer, referred to as thermoplastic vulcanite (TPV). The material’s primary ingredients are ethylene propylene (EP) rubber and polypropylene (PP). Compared to other soft resins, Milastomer has...

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Nitta to Sell US-Made Condensation Particle Counter

Nitta Corp. (TYO:5186) has begun marketing the AeroTrak 9001, a condensation particle counter (CPC) manufactured by U.S.-based TSI Inc. The product is capable of measurement at high flow rates and has an ultra-low false-count rate. The AeroTrak 9001 has a unique design and is the only CPC on the market with a water-based laminar-flow triple detector structure. The product’s extremely...

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Bando Chemical Records Profits of 4.9B Yen for Fiscal 2016

Bando Chemical Industries Ltd. (TYO:5195) recorded profits of 4.95 billion yen ($44.86 million) in the fiscal year ending in March 2017, up 12.9 percent over the previous year. This marks the second highest profit figure in company history, just below the 5.29 billion yen recorded for fiscal 2008. Foreign exchange gains and a decrease in taxes contributed to the profit...

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Nichirin to Establish Manufacturing and Sales Base in China for Automotive Hoses

Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...

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Production at Toyo Tires Malaysian Plant Exceeds 10M Units

Toyo Tire and Rubber Co. Ltd. (TYO:5105)  said that tire production volume at its automobile tire manufacturing subsidiary in Malaysia has exceeded a total of 10 million units. Toyo Tyre Malaysia Sdn Bhd functions as a global hub for supplying not just Southeast Asia, but also others market segments, including Europe, Japan and North America. The subsidiary was established in Malaysia’s...

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Mitsuboshi Belting Posts Record Numbers in Operating Income for Fourth Consecutive Year

Mitsuboshi Belting Ltd. (TYO:5192) set a new company record for operating income in the fiscal year ending March 2017. This marks the company’s fourth straight year of record numbers in this category. The operating income figure was 8.28 billion yen ($74.28 million), up 8.5 percent over the previous year. Although a higher yen had a slight negative impact on net...

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