Kobe Steel Ltd. (TYO:5406) has acquired L&T Kobelco Machinery Pvt. Ltd. (LKTM) as a wholly owned subsidiary. Previously operated as a JV between Kobe Steel and Larsen & Toubro Ltd., the Indian-based firm designs, manufactures and sells a range of tire and rubber machinery, including rubber mixers and twin-screw extruders. By turning LKTM into a wholly owned subsidiary, Kobe Steel...
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Daicel-Evonik Ltd. has installed new extrusion equipment for multilayer plastic tubes at its Technical Center in the city of Himeji. The new equipment is capable of producing tubes with up to five layers. Gaining the ability to manufacture five-layer tubes – up from the previous three layers – will open up major opportunities for Daicel-Evonik in terms of responding to...
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Radial aviation tires from Nihon Michelin Tire Co. Ltd. are set to be used for the Airbus A380 airplanes flown by All Nippon Airways Co. Ltd. (ANA). The A380 is scheduled to enter into service on May 24 for flights between Japan and Hawaii. The A380 will be fitted with the Michelin Air X radial tire. Incorporating Michelin’s proprietary Near...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it is planning a June 1 launch for the Enasave RV505, a new tire made specifically for minivans. In addition to limiting the wobbling that minivans tend to encounter when going around curves or through a crosswind, the RV505 offers an improved lifespan and quieter operation. Sumitomo Rubber intends to launch the...
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Bridgestone Mining Solutions Australia Pty Ltd. (BMSA), an Australian subsidiary of Bridgestone Corp. (TYO:5108) that sells and services mining vehicle tires and conveyor belts, recently opened the Hunter Mining Solution Centre (HMSC). The HMSC provides mining companies with a suite of solutions for on-site operations that includes the sale, maintenance and repair of mining vehicle tires, rim modification and repair,...
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Bando Chemical Industries Ltd. (TYO:5195) announced on April 5 that it signed a share purchase agreement to acquire all shares of Aimedic MMT Co. Ltd., a manufacturer, seller and provider of after-sale services for orthopedic medical devices. Acquired from a fund managed by the Polaris Capital Group Co. Ltd. for around 10.55 billion yen ($94.23 million), Aimedic MMT will become...
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