Toyoda Gosei Co. Ltd. (TYO:7282) is establishing a new plant in Ohira, Kurokawa-gun, Miyagi Prefecture, to bolster its auto parts production capacity in the Tohoku region and better serve its main customer, Toyota Motor East Japan Inc. Set to be established under production subsidiary Toyoda Gosei East Japan Co. Ltd., the new plant is slated for a construction start this...
Industry
JRC Announces Lifestyle Improvement Plan for Spring: Wages May Accommodate COVID-19 Impact
The Japanese Rubber Workers Union Confederation (JRC) has announced its plans for spring 2021 on improving lifestyles of union members throughout Japan’s rubber industry. The plan lists three main areas in which the union group will focus its efforts: (1) wages, (2) lump-sum payments and (3) promotion of work-life balance. The JRC plans to take the impact of the COVID-19...
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Toyoda Gosei Pursues Merger of Indian Subsidiaries to Complete Local Integration Strategy
Toyoda Gosei Co. Ltd. (TYO:7282) is looking to have subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) merge with equity-method affiliate Minda TG Rubber Pvt. Ltd. (MTG) by way of a takeover. Through this merger, Toyoda Gosei aims to improve management efficiency in India, which the company is positioning as a priority market in its medium-term business plan for 2025....
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Toyoda Gosei Invests in Digital Transformation Startup Counterworks
Toyoda Gosei Co. Ltd. (TYO:7282) has invested in Counterworks Inc., a startup company that provides support for the digital transformation of retail and commercial facilities. Counterworks also offers a range of other services, such as visualizing customer behavior in stores and utilizing Retail as a Service (RaaS) to offer tenant recruitment. While Toyoda Gosei is focused on supplying automakers with...
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Bridgestone Deciphers Genome Sequence of Guayule Through Joint Research With NRGene
Bridgestone Corp. (TYO:5108) has managed to accurately decipher the complex genome sequence of guayule, an alternative to natural rubber. This comes as part of a joint research project between the tire manufacturer and NRGene Ltd., a company focused on genomic big data solutions. Bridgestone has been working since 2017 to diversify its natural rubber resources, looking here at getting more...
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Mitsui Chemicals Receives Letter of Gratitude From METI for Supplying Emergency Medical Goods During COVID
Mitsui Chemicals Inc. (TYO:4183) has received a letter of gratitude from the Ministry of Economy, Trade and Industry (METI), thanking the company for working over the past year to boost its raw material production for medical gowns, masks and so on. With COVID-19 starting to spread widely around the world last spring, there was a shortage of medical gowns. And...
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