Bridgestone Corp. (TYO:5108) has joined JFE Steel Corp. and JFE Civil Engineering & Construction Corp. to jointly develop a new intermediate viscoelastic damper. Serving to control vibrations, it absorbs the energy generated by an earthquake and efficiently reduces the swaying experienced by buildings. Bridgestone builds the panels used in the viscoelastic body, while JFE Steel makes the upper and lower...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
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Safety and sanitary equipment manufacturer Midori Anzen Co. Ltd. last month began selling work gloves made by Sri Lankan glove maker Advanced Technology Group Inc. (ATG). All 28 models from ATG’s four series are available. Midori Anzen sells the gloves on the Internet and elsewhere. The leading product among ATG’s 28 models is the MaxiFlex Ultimate work gloves. They have...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and...
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Two large synthetic rubber manufacturers, JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205), recently released their business results for the first quarter of fiscal 2017. Both companies saw a significant increase to their elastomer division profits for the quarter, including profits for synthetic rubber. This profit growth is caused by an increase in the spread between elastomer material costs and selling...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it will establish a new company and manufacturing facility in Slovenia. Serving to accelerate the global development of Sumitomo Rubber’s business in precision rubber parts for medical applications, the new company will be established as a subsidiary of Swiss-based Lonstroff AG with a total investment of 34 million euros ($40.03 million). Sumitomo...
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