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Okamoto Builds New Plant to Produce Automotive Interior Materials in Wuhan, China

Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...

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Sumitomo Rubber Plans Global Launch of New Flagship Tire for Premium Vehicles

Sumitomo Rubber Industries Ltd. (TYO: 5110) is targeting a March 1 launch for the Dunlop SP Sport Maxx 060+, a new flagship tire designed to bring out the full potential of premium vehicles. This tire will be released with open pricing in a wide lineup of 58 sizes. Sales will begin in Japan, followed by the Middle East, Central and...

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Mitsuboshi Belting Sets up New Building for Twisting of Tensile Cords

Transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) has finished constructing a new building for the twisting of tensile cords at its Shiga Plant in Takashima, Shiga. Coming in at an investment of 900 million yen ($7.91 million), the new building has a total floor area of 2,327 square meters and is slated to begin operations this April. The investment here...

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Yokohama Rubber Plans Domestic Price Hike on All Aftermarket Tires Starting April

Yokohama Rubber Co. Ltd. (TYO:5101) is set to revise its manufacturer’s selling prices for domestic aftermarket tires. The change will apply to all tire categories in the Japanese aftermarket sector – including summer, winter and all-season tires – as well as to tubes and flaps. Summer tires, all-season tires, tubes and flaps will see the adjustment made on April 1,...

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Sumitomo Riko President Shines Light on Plans to Get Results From Structural Reform Starting 2023

Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu recently spoke about current efforts being made by the company, highlighting here the good progress being made on the structural reform it has been pursuing of late. And with this in mind, plans going forward are to achieve growth for both auto parts and general industrial products, he said. Shimizu noted here...

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Zeon President Kimiaki Tanaka Sees 2022 as Year to Take Next Step Forward

Zeon Corp. (TYO:4205) President Kimiaki Tanaka recently expressed very high hopes for fiscal 2022 as a year for the company to take its next step forward. Beyond just business expansion, the company intends to use the year to pursue efforts such as the formulation of a master plan for reaching carbon neutrality by 2050. Giving his broad outlook for Zeon...

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