NOK Corporation and Eagle Industry announced on November 10 that their respective boards of directors had approved a management integration agreement through a joint share transfer. Under the plan, the two companies will establish a joint holding company, NOK Group, on October 1, 2026, which will become the wholly owning parent company of both firms. The integration is subject to...
There are emerging signs of recovery in the previously stagnant demand for resin hoses. As automobile production remains stable, the flow of goods has gradually resumed, and demand for hoses used in machinery and equipment at production sites has started to pick up, albeit modestly. In addition, demand for semiconductor manufacturing equipment, an area that was expected to grow significantly...
Zeon has announced an investment in Sino Applied Technology (SiAT), a Taiwan-based startup developing conductive paste using single-walled carbon nanotubes (SWCNTs) for next-generation lithium-ion batteries. The investment follows a basic agreement signed in May between the two companies. Under the partnership, Zeon will support SiAT’s plan to expand production capacity for its SWCNT-based conductive paste and will collaborate on joint...
Sumitomo Electric Industries announced that its Board of Directors, at a meeting held on October 30, resolved to make its consolidated subsidiary Sumitomo Riko Company Limited a wholly owned subsidiary through a tender offer. The tender offer price has been set at 2,600 yen ($16.89) per share, with a total acquisition value of approximately 133.3 billion yen. The offer period...
The Japan Rubber Manufacturers Association (JRMA), chaired by Takashi Shimizu, President and CEO of Toyo Tire Corporation, held its 36th Executive Committee meeting on October 24 at the Hotel Hankyu International in Osaka. In his opening remarks, Chairman Shimizu reflected on global and domestic developments that have shaped the year. “This year began with the inauguration of re-elected U.S. President...
Chemical manufacturer Zeon has built and begun operating a new IoT common platform to advance companywide smart factory initiatives. The platform will enable visualization and effective use of diverse data from manufacturing sites and research facilities, driving efficiency in on-site operations and broader deployment of digital technologies. Since 2020, the company has pursued smart factory transformation using digital tools to...
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