Sumitomo Riko Co. Ltd. (TYO:5191) has announced that its sales for the fiscal year ending March 2018 is expected to reach a record high of 425 billion yen ($3.9 billion), up 0.6 percent year-on-year. Additionally, the company expects that its operating profit will rise by 6.6 percent to 14.5 billion yen and that its net profit will jump by 25.1...
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Mitsui Chemicals Inc. (TYO:4183) will expand production capacity for thermoplastic elastomer product Milastomer to 60,000 tons by 2020. This figure represents a 30-percent increase compared to 2017’s volume. Milastomer is a cross-linked olefin-based thermoplastic elastomer, referred to as thermoplastic vulcanite (TPV). The material’s primary ingredients are ethylene propylene (EP) rubber and polypropylene (PP). Compared to other soft resins, Milastomer has...
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Nitta Corp. (TYO:5186) has begun marketing the AeroTrak 9001, a condensation particle counter (CPC) manufactured by U.S.-based TSI Inc. The product is capable of measurement at high flow rates and has an ultra-low false-count rate. The AeroTrak 9001 has a unique design and is the only CPC on the market with a water-based laminar-flow triple detector structure. The product’s extremely...
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Bando Chemical Industries Ltd. (TYO:5195) recorded profits of 4.95 billion yen ($44.86 million) in the fiscal year ending in March 2017, up 12.9 percent over the previous year. This marks the second highest profit figure in company history, just below the 5.29 billion yen recorded for fiscal 2008. Foreign exchange gains and a decrease in taxes contributed to the profit...
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Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...
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Toyo Tire and Rubber Co. Ltd. (TYO:5105) said that tire production volume at its automobile tire manufacturing subsidiary in Malaysia has exceeded a total of 10 million units. Toyo Tyre Malaysia Sdn Bhd functions as a global hub for supplying not just Southeast Asia, but also others market segments, including Europe, Japan and North America. The subsidiary was established in Malaysia’s...
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