Tigers Polymer, a manufacturer of rubber parts for home appliances and automobiles, will establish a subsidiary in Rayong Province, Thailand. The subsidiary, tentatively named Tigerflex (Thailand), will be a wholly owned holding company and will manufacture rubber and resin products for home appliances and automobiles. It is scheduled to be established in October this year and to start operations in...
The Nagase Group, of which plastic hose and pipe manufacturer Totaku Industries is a member, has set the resolution of social and environmental issues and globalization as a key issue, and as a specific goal to address climate change, aims to reduce CO2 emissions by 37% from the 2013 level by 2025 and achieve carbon neutrality by 2050. As part...
Sumitomo Rubber is making progress in proprietary technologies such as Active Tread and Sensing Cores. Active Tread is the company’s proprietary, patent-pending rubber technology that switches the tread in contact with the road surface to the optimum performance according to various road surface conditions caused by changes in weather and temperature. When the road surface changes from dry to wet,...
Toyoda Gosei announced its mid- to long-term management plan, the 2030 Business Plan. Under the new medium-term plan, the company aims by 2030 for sales revenue of 1.2 trillion yen ($8.23 billion), operating profit of 100 billion yen, an operating profit margin of 8%, and ROE of 10%. President Katsumi Saito said that the biggest challenge for future growth is...
Toyo Tires will on October 31 terminate production in Kentucky at Toyo Automotive Parts (TAP), a U.S. production subsidiary that manufactures anti-vibration rubber and constant velocity joint boots for automobiles. Dissolving TAP is intended to optimize management resources and strengthen the structure of the automotive parts business. TAP has been supplying anti-vibration rubber and other products to automakers in the...
In the first quarter of the fiscal year ending March 31, 2024 (April-June 2023), chemical and rubber manufacturer Denka’s sales fell 6.9% year-on-year to 87.82 billion yen ($603.63 million), operating income fell 43.0% to 2.79 billion yen, ordinary income fell 53.7% to 2.38 billion yen, and net income fell 47.1% to 2.29 billion yen. By segment, the Elastomers & Infrastructure...
