Bando Chemical’s first half (April-September) results (IFRS) showed revenue of 52.2 billion yen ($378.70 million), up 13.1 percent year-on-year; and core operating profit of 3.65 billion yen, down 16.6 percent. Sales of products remained strong despite the lingering impact of the coronavirus pandemic. Sales also increased due to the weaker yen. On the other hand, the cost of sales ratio...
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Sumitomo Riko Hosetex to Increase High-Pressure Hose Production Capacity in Japan, China and India
Industrial hose manufacturer Sumitomo Riko Hosetex is expanding production capacity at its production bases in Japan (Kyoto), China (Hefei, Anhui Province) and India (Neemrana, Rajasthan) in response to strong demand for high-pressure hoses (wire braid hoses). The plan was decided in August 2021, with an investment of approximately 1 billion yen ($7.43 million). The expansion is scheduled to be completed...
Nissan’s Elgrand Minivan to Come With Yokohama Rubber Advan V51 Tires
Yokohama Rubber has begun deliveries of Advan V51 tires for new vehicle installation (OE) on Nissan’s Elgrand minivan, which has been partially upgraded to improved specifications. The Advan V51 is a high-performance tire from the company’s top-of-the-line Advan series brand. Installed on the Elgrand this time, it achieves a high level of quietness suitable for the minivan through special tuning...
Toyo Tires Posts 9M Results, Sales up 23.9%
Toyo Tires reported net sales of 350.43 billion yen ($2.56 billion), up 23.9 percent year-on-year, operating income of 31.39 billion yen, down 20.9 percent, ordinary income of 45.29 million yen, up 8.4 percent, and net income of 44.77 billion yen, up 55.1 percent, for the nine months (January-September) of the fiscal year ending December 31, 2022. Operating income saw increases...
Sanyo Trading Obtains ISCC PLUS Certification
Sanyo Trading, a raw materials trading company, has acquired ISCC PLUS certification, an international certification system for sustainable products. ISCC PLUS certified products include Perstorp polyols, trimethylolpropane, pentaerythritol, and dipentaerythritol (environmentally friendly grade). The ISCC PLUS certification enables the company to handle ISCC PLUS certified products worldwide, including outside the EU. The company has positioned sustainability initiatives as a key...
Sumitomo Riko to Develop Technologies for Transition to Circular Economy
Sumitomo Riko has signed a joint development agreement with LanzaTech, a U.S. biotechnology company with carbon capture and conversion technologies, for the transition to a circular economy for rubber, resin, and urethane wastes. Through this initiative, both parties will establish new technologies and accelerate efforts to realize a sustainable society, including carbon neutrality and circular economy. Sumitomo Riko provides a...
