Sumitomo Riko Co. Ltd. (TYO:5191) has recently begun accepting submissions for the company’s third Sumitomo Riko Student Essay Awards. The contest’s theme is innovation in the 21st century, and applicants are asked to write about their ideal company. A prize of 1 million yen ($8,708) will be awarded to the applicant with the best essay. Eligible to enter the contest...
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Hayakawa Rubber Receives 2017 JAB Award
Hayakawa Rubber Co. Ltd. has received the third annual Japan Accreditation Board (JAB) Award, which is given to companies and organizations that make effective use of ISO management system certifications, such as ISO 9001 and ISO 1400. As a manufacturer of sheet waterproofing materials and reclaimed rubber, Hayakawa Rubber is the first company in the rubber industry to receive the...
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TPM Launches in Japan With Simplified Molding Process
New rubber molding company TPM Company LLC has launched in Japan, where the rubber molding industry is deemed mature. The company, led by CEO Tomoaki Koriyama, aims to offer cost savings, quick delivery and high-quality production using simplified molding. Although the company is small in scale, currently with only six employees, Koriyama has aspirations to enter the plastic molding sector...
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Kumho Tire to Increase Prices 7%
Kumho Tire Japan Inc. will increase its domestic prices on tires by 7 percent from April 1, following a similar announcement made recently by Yokohama Rubber Co. Ltd. (TYO:5101). The change will apply to tires for passenger vehicles, vans, trucks and buses. A representative from Kumho Tire stated that the company could not absorb the rising prices of both natural...
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Toyo Tires Sets Consolidated Sales Target of 480 Billion Yen for 2020
Toyo Tire & Rubber Co. Ltd. (TYO:5105) President Takashi Shimizu has released the company’s 2017 medium-term management plan, covering the four fiscal years from 2017 to 2020. The plan details the company’s aim to reach annual figures of 480 billion yen ($4.18 billion) in consolidated sales, 60 billion yen in operating profits and a 12.5-percent operating profit margin for the...
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Bridgestone Launches New Vortech Line for Compact Tracked Loaders
Bridgestone Corp. (TYO:5108) is launching its new Vortech line of rubber tracks this month. Designed specifically for compact tracked loaders, the new line is available in 450 millimeter-wide sizes. With an eye to improved workability, the new rubber tracks have been designed in a pursuit for responsiveness, workability and driving experience. By optimizing the internal structure and tread pattern of...
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