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...
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Sumitomo Riko Eyes Launch for New Microfluidic Device Developed With Lilac Pharma
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 to Establish Second Vietnamese Base for Automotive Hose Production
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 Looks to Grow Summer Tire Sales by Highlighting Excellent Wet Performance
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...
Interview: Gates Unitta Asia VP Shuji Miyamoto Sees Recovery in Q3 of Calendar Year
After taking a hit from COVID-19, Gates Unitta Asia Co. (GUA) now sees signs of recovery as it heads into the third quarter of the calendar year. Japan Rubber Weekly recently sat down with Shuji Miyamoto, who serves as VP at the auto parts supplier, to get some insight into the company’s business results, overseas performance and management strategies. Miyamoto...
Achilles Posts 17.8% Decline in Q1 Sales Revenue
Achilles Corp. (TYO:5142) recently released its business results for the April–June quarter of fiscal 2020, revealing declining sales and a mixed bag of profit metrics. The company posted quarterly sales revenue of just under 15.84 billion yen ($148.17 million), down by 17.8 percent year-on-year; an operating loss of 92 million yen, down from an operating profit of 236 million yen;...
