Bando Chemical Industries Ltd. (TYO:5195) and Tosoh Corp. (TYO:4042) have been selected to receive backing for a joint project of theirs from the New Energy and Industrial Technology Development Organization (NEDO). This comes as part of a NEDO initiative to develop cellulose nanofiber (CNF)-related technology capable of helping to achieve a carbon-recycling society. Set to run over fiscal 2020–2024, the...
Toyo Tire Corp. (TYO:5105) is planning to launch an additional 13 sizes for its Celsius series of all-weather tires in the Japanese market. The new sizes are being prepared for rollout starting this November. The Celsius series has been performing well in the market, capitalizing on customer desires to cut down on the need for maintenance, such as the need...
Yokohama Rubber Co. Ltd. (TYO:5101) is updating its next-gen IoT-based tire management system (TMS), with the updated service here set to be rolled out over September–October. At the same time, the company will launch HiTES4, the fourth generation of its tire pressure monitoring system for trucks and buses. Linking up tire-related data with the internet will allow the technology to...
Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that it has jointly developed a new microfluidic device in conjunction with Lilac Pharma Inc., a pharmaceutical venture from Hokkaido University. Plans are to begin pre-orders this winter for the new device, which is used to manufacture lipid nanoparticles. The microfluidic device consists of two primary components: a microfluidic chip for creating the...
Sumitomo Riko Co. Ltd. (TYO:5191) is planning to open a new production and sales subsidiary for automotive hoses in Vietnam. This will be the company’s second Vietnamese base for the manufacture of automotive hoses. Set to be named SumiRiko Vietnam Co. Ltd., the new subsidiary will be capitalized at 113.1 billion Vietnamese dong ($4.85 million) and wholly owned by Sumitomo...
Yokohama Rubber Co. Ltd. (TYO:5101) is continuing with a summer tire sales strategy that has seen the company focus on wet performance since 2017. Such specialist tires represent a particular area of strength for the company, which boasts the industry’s widest lineup of tires with a wet performance rating of “a.” Last year, Yokohama Rubber’s sales strategy here saw the...
