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Sumitomo Rubber to Establish New Company, Manufacturing Facility in Slovenia

Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it will establish a new company and manufacturing facility in Slovenia. Serving to accelerate the global development of Sumitomo Rubber’s business in precision rubber parts for medical applications, the new company will be established as a subsidiary of Swiss-based Lonstroff AG with a total investment of 34 million euros ($40.03 million). Sumitomo...

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Bando Chemical Develops New Lightweight, Long-Lasting Rice Hulling Roll

Bando Chemical Industries Ltd. (TYO:5195) launched a new rice hulling roll, called Yellow Boy, on Aug. 1. The product life span of the newly developed Yellow Boy is about three times longer than the company’s previous rice hulling rolls. Rice hulling rolls are used in rice hullers to separate rice into hulls and brown rice. Most rice hullers at rice...

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NOK Sees Sales Increase 12% in Q1

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted first quarter sales of 164.91 billion yen ($1.49 billion) for April–June, representing a year-on-year increase of 12.8 percent. NOK’s operating profit for the first quarter was 6.04 billion yen compared to 3.77 billion yen for the same period of the previous year. Ordinary income was 9.87 billion yen, representing a...

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Increase in Demand for Chloroprene Rubber Tightens Global Supply–Demand Balance

Supply and demand for chloroprene rubber (CR) is tightening worldwide. According to a Japanese domestic CR manufacturer, inquiries from overseas are flourishing to the point where domestic CR manufacturers cannot handle all of them. For product shipping, Japanese domestic CR manufacturers give preferential treatment to existing, mainly Japanese, customers and strive to maintain a steady supply of CR. The global...

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Shin-Etsu Polymer Achieves Strong First Quarter Results

Plastics processing company Shin-Etsu Polymer Co. Ltd. (TYO:7970) achieved net sales of 18.98 billion yen ($172.27 million) for the first quarter of fiscal 2018 (April–June 2017), up 5.8 percent year-on-year. Shin-Etsu Polymer’s operating income for the first quarter of fiscal 2018 was 1.68 billion yen, up 2.3 percent year on year. The company achieved an ordinary income of 1.85 billion...

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Mizuno and Sumitomo Riko Co-Develop Advanced Table Tennis Rubber

Sports goods manufacturer Mizuno Corp. (TYO: 8022) has co-developed Q3, a new table tennis rubber, with Sumitomo Riko Co. Ltd. (TYO: 5191). The product will be sold starting Oct. 7 at Mizuno stores across Japan that handle table tennis goods. The two companies aim to sell 24,000 units globally in the first year. Q3 targets advanced players with a high speed...

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