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Sumitomo Riko Changes Names of Overseas Subsidiaries to Promote Company Brand

on August 8, 2017 in Materials

Sumitomo Riko Co. Ltd. (TYO:5191) has mostly completed changing the names of the group companies it acquired in 2013 – German-based automotive anti-vibration rubber products manufacturer Anvis Group GmbH, now SumiRiko AVS Holding Germany GmbH, and Italian-based automotive hose manufacturer Dytech-Dynamic Fluid Technologies SpA, now SumiRiko Italy SpA. Sumitomo Riko began carrying out the name changes, which are included in...

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NOK Sees Sales Increase 12% in Q1

on August 4, 2017 in Materials

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted first quarter sales of 164.91 billion yen ($1.49 billion) for April–June, representing a year-on-year increase of 12.8 percent. NOK’s operating profit for the first quarter was 6.04 billion yen compared to 3.77 billion yen for the same period of the previous year. Ordinary income was 9.87 billion yen, representing a...

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Shin-Etsu Polymer Achieves Strong First Quarter Results

on August 2, 2017 in Materials

Plastics processing company Shin-Etsu Polymer Co. Ltd. (TYO:7970) achieved net sales of 18.98 billion yen ($172.27 million) for the first quarter of fiscal 2018 (April–June 2017), up 5.8 percent year-on-year. Shin-Etsu Polymer’s operating income for the first quarter of fiscal 2018 was 1.68 billion yen, up 2.3 percent year on year. The company achieved an ordinary income of 1.85 billion...

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Nitta Holds Completion Ceremony for Second US Factory

on July 31, 2017 in Materials

Nitta Corp. (TYO:5186) hosted a completion ceremony on July 11 for its consolidated U.S. subsidiary Nitta Corporation of America (NCA)’s second factory in Georgia, construction for which began in March 2016. The ceremony was attended by Nitta’s President Motonobu Nitta, Consul General of Japan in Atlanta Takashi Shinozuka, Chairman of Forsyth County Board of Commissioners Todd Levent and NCA’s employees....

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Asahi Kasei to Increase Annual Production Capacity for S-SBR by 30,000 Tons

on July 27, 2017 in Materials

Asahi Kasei Corp. (TYO:3407) has decided to increase its production capacity for solution-polymerized styrene-butadiene rubber (S-SBR) for fuel efficient tires. The increase will take place at the company’s Singapore subsidiary Asahi Kasei Synthetic Rubber Singapore. Annual capacity will increase by 30,000 tons, raising the total production capacity in Singapore to 130,000 tons per year. The additional production of S-SBR is...

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Japan Makes Fifth Straight Monthly Gain in Carbon Black Shipments

on July 20, 2017 in Market Background, Materials

Figures compiled by the Carbon Black Association show that 43,271 tons of carbon black were shipped in Japan for the month of May. This marks a 0.2 percent year-on-year increase and the fifth consecutive monthly increase. With regard to carbon black for use in rubber, shipments rose 1.4 percent for general rubber, but fell 1.1 percent for tires, which account...

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