Industry

Nitta Holds Shinto Rites at Second North American Factory Site

Nitta Corp. (TYO:5186) subsidiary Nitta Corporation of America (NCA) has conducted a ceremony, believed under the indigenous Japanese Shinto religion to purify land, at the expanded construction site where its second factory is to be built. Operating mainly in North and South America, NCA is building the new factory facilities to reinforce its production and processing efforts as its regional...

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Japanese Rubber Machine Makers Shift Focus to Maintenance Demand

Japan’s rubber machinery manufacturers are increasingly cashing in on demand for maintenance and modifications to raise efficiency and add advanced features rather than new orders. This has come amid decreasing capital spending on production facilities, triggered by shrinking domestic manufacturing of automotive rubber parts and general industrial rubber products as a result of a decline in domestic production of automobiles...

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Hiroshima Kasei to Build Automotive Seals Plant in Indonesia

Hiroshima Kasei Ltd. is moving ahead with the construction of a factory to make vehicle seals in Bandung, Indonesia. The decision is in response to Japanese vehicle manufacturers operating plants outside Japan. The venture in Indonesia will be the first time the company will directly manufacture vehicle seals outside Japan. The company has until now indirectly supplied vehicle manufacturing plants...

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Rubber Industry Expands Hiring of Female Tech Grads – Japan Rubber Weekly Survey

Employers in the rubber industry are increasingly expanding business operations and beefing up production by increasing their workforces, according to a spring 2016 hiring status survey of 31 major rubber industry companies. The survey by Japan Rubber Weekly also indicated that the number of firms increasing the number of new hires this year compared to the previous year has grown...

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Kinugawa Rubber to Accept Takeover Bid by Development Bank of Japan

Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) will accept a takeover bid (TOB) from the Development Bank of Japan, Inc. (DBJ). For this deal, the DBJ has concluded separate agreements with Kinugawa Rubber Industrial’s largest shareholder, Nissan Motor Co. Ltd. (TYO:7201; stake of 20.25 percent), and second largest shareholder, Toyo Tire & Rubber Co. Ltd. (TYO:5105; stake of 11.89 percent), to...

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Toyoda Gosei Develops System to Prevent Drivers From Looking Away, Sleeping on the Wheel

Toyoda Gosei Co. Ltd. (TYO:7282) developed a retrofittable alert system that detects dangerous driving behaviors such as taking eyes off the road and nodding off at the wheel in order to help prevent accidents involving its trucks it sold. The system, which consists of a replacement handle equipped with a camera and a smartphone installed with a dedicated application, sends...

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