Fukoku Co. Ltd., a manufacturer of automobile rubber parts, enjoyed a 6.5 percent advance in consolidated net sales year-on-year for the first six months (April–September) of fiscal 2015, Executive Vice President Akira Inohara said. This result, aided by increased earnings at Fukoku subsidiaries in all regions, continues on last year’s solid showing. Net sales were 22.8 billion yen ($185.36 million)...
Zeon Corp. will halt its synthetic rubber production in the U.K. The company plans to break up and liquidate Zeon Chemicals Europe Ltd. (ZCEL), a consolidated subsidiary that produces and sells nitrile rubber (NBR). The reasons for the decision are uncertainty about securing procurements of primary materials over the long-term in the U.K., as well as the changing market environment....
Bando Chemical Industries Ltd., a major Japanese belt manufacturer, is making strides in increasing sales in overseas markets. Growing sales in China, Asia and new markets is one of the strategies in the company’s mid-term business plan. Bando Chemical has improved sales of replacement belts for scooters in India and Vietnam during the fiscal year ending March 31, 2016. In...
As China’s economy slows down, the country’s manufacturers of rubber materials and machinery are hoping to export to Japan or sell to Japanese companies operating in China. Shinichi Kato, who runs his own rubber and chemicals consulting firm, recently visited China and informed Japan Rubber Weekly about the latest happenings in the Chinese rubber industry. The International Rubber Conference 2016...
The 25 listed rubber companies (including the two synthetic rubber manufacturers JSR Corp. and Zeon Corp.) have reported their earnings for the first six months (April-September) of fiscal 2015. Twenty of the 25 companies reported higher revenues, while 21 increased operating profits, 19 had higher ordinary income, and 20 increased net income. Seventeen increased both revenues and profits (sales, ordinary...
Major Japanese oil seal maker NOK Corp.‘s performance in the first half (April-September) of 2015 achieved large increases in revenues and profits, with net sales increasing 22 percent year-on-year to 383.6 billion yen ($3.13 billion); operating profit rising 15 percent to 29.3 billion yen ($239.37 million); ordinary income increasing 11 percent to 34.3 billion yen ($280.23 million); and quarterly net...
