Bando USA, the U.S. subsidiary of Bando Chemical Industries Ltd., has established Bando Belting Mexico in Mexico City to market V-belts and timing belts and boost sales in the country’s repair market. Mexico’s automobile industry is seeing a rapid increase in output of cars for the North American and Latin American markets. Bando USA’s new sales company looks to ride...
Sumitomo Riko Co. Ltd. is stepping up its global strategy in industrial hoses. The company’s high-pressure hoses performed strongly in the Japanese market up to July but have softened since September. Sales of products for custom designed vehicles and dump trucks were also strong, but the previously robust machine tool business fell on lower exports. Sales in the repair market...
Net sales in Japan for the hoses and couplings business of Yokohama Rubber Co. Ltd. dropped year-on-year in the first half of 2015 (January–June). Although the company began full-fledged sales of high-pressure hydrogen gas hoses for hydrogen filling stations and received a boost in sales from new automobile hose products, hydraulic hose sales shrank due to lower output by construction...
On Nov. 3, 2015, former JSR Corp. President Yoshinori Yoshida received the Order of the Rising Sun, Gold and Silver Star from the Cabinet Office of the government of Japan. The Cabinet was conferring its autumn decorations and medals of honor. Yoshida was cited for accomplishments including spearheading global diversification that restructured JSR’s business and led to growth; contributing to...
Denka Company Limited completed it acquisition of the chloroprene rubber (CR) business of E.I. Dupont de Nemours and Company (Dupont) on Oct. 31, 2015. In December 2014, the companies announced that Dupont would sell its CR business to Denka Performance Elastomer (DPE; capital: $62 million), a joint venture between Mitsui & Co. Ltd. and Denka, for between 10 and 14...
Yokohama Rubber Co. Ltd. recently held a groundbreaking ceremony for new buildings at its Nagano Toyooka Plant (Nagano Prefecture) as the company consolidates its Nagano production facilities with the aim of strengthening its hoses and couplings business. Construction is set for completion in November 2016, after which equipment will be moved from the current Nagano Takamori Plant to Toyooka. Consolidation...
