Raw materials trading firm Sanyo Trading Co. Ltd. (TYO:3176) has posted a strong set of business results for the fiscal year ending September 2018. Over the period, the company achieved 78.45 billion yen ($688.8 million) in sales, up 15.8 percent year-on-year; 5.26 billion yen in operating profit, up 6.6 percent; 5.58 billion yen in ordinary profit, up 5.8 percent; and...
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Continental Tire Japan Co. Ltd. recently announced that it has been selected as a preferred after-sales partner of Daimler AG for the Asia–Pacific region. This comes as part of the German automaker’s Global Mercedes-Benz Tire Program. The new partnership covers a range of countries across the Asia–Pacific, including Japan, China, Taiwan, South Korea, Australia, New Zealand and India. It is...
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Sumitomo Rubber Co. Ltd. (TYO:5110) announced on Oct. 30 that it is supplying its Dunlop SP Sport Maxx 050 line of tires as OE for the new Lexus ES model that launched last month. As an original debut model of the Lexus brand, the ES is a mainstay of the automaker’s lineup. And the latest model of this, coming as...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...
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Glove manufacturer Towa Corporation Ltd. is set to move forward with expansion efforts from Aug. 1, 2019, adding new room to a Bangladeshi plant that produces gloves for the manufacturing industry. The company will invest around 100 million yen ($882,900) to achieve this. By adding a third floor to its current two-floor setup here, Towa Corporation will open up additional...
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