Major automotive rubber parts manufacturer Nishikawa Rubber Co. Ltd. (TYO:5161) announced on Sept. 14 that it had reached an agreement in principle for a settlement with plaintiffs in a class-action civil lawsuit. The lawsuit, filed at the U.S. District Court for the Eastern District of Michigan, involves the company’s sales of automotive sealing components. Nishikawa Rubber has agreed to pay...
Mitsubishi Chemical Corp. signed a cooperation agreement on Sept. 7 with Air Liquide Engineering & Construction, a subsidiary of French firm Air Liquide SA. Under the agreement, Air Liquide E&C will license Mitsubishi Chemical’s process for manufacturing butadiene from n-butene. The aim is to develop a technology licensing business by packaging together Mitsubishi Chemical’s butene to crude butadiene production technology...
Lanxess KK recently held chemistry lab classes for elementary school students in Yamada, Iwate Prefecture. Looking to help with Tohoku’s recovery efforts in the aftermath of the 2011 earthquake, the Japanese wing of Lanxess AG included 25 local schoolchildren from first to sixth grade in the class, which it conducted over Aug. 18–19. Children in lower grades participated in a...
A number of new employees in technical positions at Toyoda Gosei Co. Ltd. (TYO:7282) recently took part in a cleaning activity held on five separate days at the Inazawa Prefectural Special Needs School in Inazawa, Aichi Prefecture. The event was a first for Toyoda Gosei, which added it to the company’s new employee program this year. The purpose of the...
Carbon masterbatch (CMB) manufacturer Mitsufuku Industry Co. Ltd. has seen its profit grow steadily, despite unchanging sales. Mitsufuku Industry’s fluororubber business has shown a solid performance on the back of annually growing demand for fluororubber triggered by downsizing of engines and other trends. The company is focusing on launching its fourth factory in Fukushima Prefecture to finalize compounds for olefin-based...
Sealing material manufacturer Nippon Valqua Industries Ltd. (TYO:7995) has reported that sales rose 13.4 percent year-on-year to 11.77 billion yen ($106.7 million) and operating profit surged 74 percent to 1.51 billion yen for the first quarter ended June 30, 2017 of the fiscal year ending March 31, 2018. Ordinary profit was 1.54 billion yen, up 113.1 percent, and net income...
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