Mitsuboshi Belt President Talks EV Impact on Automotive Belt Market

The Japanese market is witnessing a decline in demand for automotive belts, says Hajime Kakiuchi, president of major automotive belts and parts manufacturer Mitsuboshi Belting Ltd. (TYO:5192). Sitting down recently for an interview with Japan Rubber Weekly, Kakiuchi said that the drop-off comes as a consequence of not only the shift to electric vehicles (EVs) but also with the expanded…

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