Yokohama Rubber Co. Ltd. (TYO:5101) is planning for Yokohama Tire Philippines Inc. (YTPI), its manufacturing subsidiary in the Philippines, to return to full production capacity by the end of 2020. This follows a fire that occurred at YTPI on May 14, 2017, affecting approximately 17,400 square meters in the northeast sector of the subsidiary’s East Plant. The plant’s buildings and...
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Japan’s construction equipment industry is expected to achieve healthy performance for fiscal 2018–2019, according to a demand forecast recently compiled by the Japan Construction Equipment Manufacturers Association (CEMA). This continues a trend from both fiscal 2017 and early fiscal 2018 wherein sluggish domestic demand has been offset by stronger demand overseas, leading to higher revenues on the whole. Alongside this...
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Zeon Corp. (TYO:4205) has announced that it intends to establish a new subsidiary, tentatively named Zeon Chemicals Asia Co. Ltd., to help in expanding its business for the manufacture and sale of acrylic rubber. The subsidiary will be located in Rayong Province, Thailand, and capitalized at 1.25 billion baht ($38.13 million). Acrylic rubber provides for excellent resistance to heat and...
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Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....
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Nitta Corp. (TYO:5186) has reported rising sales and profits for the first quarter of fiscal 2018. This puts the company on a solid start to achieving its medium-term management plan goal of generating 100 billion yen ($899.62 million) in sales for fiscal 2020. Sales for the quarter came out to 21.63 billion yen, growing 19.2 percent year-over-year. Operating profit increased...
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More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
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