Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...
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Inoac Launches Online Sales for Polyurethane Masks as Coronavirus Drives Shortages
Inoac Corp. launched sales on April 17 of a face mask with a washable polymer body, offering this as a way to help alleviate the nationwide shortage of masks caused by the spread of COVID-19. The major rubber and polyurethane foam products manufacturer is conducting sales through the online shop of subsidiary Inoac Living Co. Ltd., though these have been...
Towa Corporation Likely to Resume Operations at Glove Plants in Bangladesh and Malaysia
Glove manufacturer Towa Corporation Ltd. is likely to resume operations at its plants in Bangladesh and Malaysia. Operations at both plants have been suspended in accordance with the restrictions and measures that both countries have implemented. A company spokesperson said that, depending on the situation, the plants could either resume operations before April 14 or remain shut down for a...
Bridgestone Launches Production of Basic Masks
Bridgestone Corp. (TYO:5108) has started working alongside a pair of subsidiaries to manufacture simple masks amid the ongoing COVID-19 pandemic. The setup here is for Bridgestone Chemitech Co. Ltd. to produce polyurethane, with Bridgestone Diversified Chemical Products Co. Ltd. then processing this into masks. Bridgestone is basing its work here upon expertise it has built up since 2017, when it...
Inoac Posts Increased Revenue, Profit in Auto Parts Business for 2019
Inoac Corp. recently posted its business results for calendar 2019, revealing a year-on-year increase to sales revenue but decrease to profits for the company as a whole. Sales revenue for the major manufacturer of rubber and polyurethane foam came to 189.47 billion yen ($1.76 billion), up by 3.9 percent year-on-year. Operating profit ended at 3.87 billion yen, down by 8.1...
Tokai Carbon Plans 6-Yen-Per-Kilogram Price Hike for All Carbon Black Products
Tokai Carbon Co. Ltd. (TYO:5301) announced on April 13 that it will be raising the prices of all of its carbon black product categories by 6 yen ($0.06) per kilogram. The price hike is to go into effect on May 1. In explaining the decision, Tokai Carbon said that with the International Maritime Organization (IMO) tightening its regulations on the...
