Sumitomo Electric Industries announced that its Board of Directors, at a meeting held on October 30, resolved to make its consolidated subsidiary Sumitomo Riko Company Limited a wholly owned subsidiary through a tender offer. The tender offer price has been set at 2,600 yen ($16.89) per share, with a total acquisition value of approximately 133.3 billion yen. The offer period...
Yokohama Rubber has announced plans to expand production capacity at Yokohama Industries Americas de Mexico (YIA Mexico), its automotive hose assembly manufacturing and sales subsidiary in Mexico. The company has acquired approximately 32,000 square meters of land adjacent to the existing plant and will construct a new building, effectively doubling the total site area. Construction is scheduled to begin in...
Forbo Siegling Japan held on October 28 an opening ceremony for its new Transilon production line at the company’s Shizuoka Plant in Fukuroi City, Shizuoka Prefecture. The event was attended by company president Mamoru Sato, senior executives from Forbo Siegling—including the senior vice president and the president for the Asia-Pacific region—as well as representatives from member companies of Siegling Kai,...
Bando Chemical expects sales of its resin conveyor belts for the first half of the fiscal year ending March 31, 2026 (April–September) to increase year-on-year. In the logistics sector, the company reported steady growth. “Over the past few years, we have focused our sales strategy on the logistics market, which has allowed us to capture demand steadily,” the company said....
ContiTech Industrial Solutions Japan said ContiTech’s business performance for the first half of 2025 (January–June) remained under pressure from challenging market conditions and high costs carried over from last year. Despite this environment, the company maintained financial stability, recording sales of approximately 3.1 billion euro ($3.61 billion) and achieving an adjusted EBIT margin of 5.6%. In Japan, the company’s conveyor...
Bridgestone held a groundbreaking ceremony on October 21 at its Seki Plant in Gifu Prefecture for the construction of a Precision Pyrolysis Pilot Demonstration Plant for End-of-Life Tires. The initiative marks the transition from research to the demonstration phase of a project aimed at realizing circular tire recycling—returning used tires to raw materials that can once again be used to...
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