Industry

Sumitomo Riko to Open Global Headquarters

Sumitomo Riko to Open Global Headquarters

Sumitomo Riko Co. Ltd. has established its Global Headquarters in JP Tower Nagoya in the city of Nagoya (Aichi Prefecture, Japan). Opening in January 2016, it will provide integrated management of the group’s worldwide operations. With strengthened global head office functions now situated in a major metropolis, Sumitomo Riko aims for reformed employee awareness and the ability to procure and...

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Bando Sets up Timing Belt Sales Company in Mexico

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...

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Sumitomo Riko Makes Global Push in Industrial Hoses

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...

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Yokohama Rubber Hose Sales Hurt by Falling Construction Machinery Production

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...

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Former JSR President Yoshida Honored by Japanese Cabinet

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...

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Denka Completes Acquisition of Dupont’s Chloroprene Rubber Business

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...

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