Nitta is constructing a second plant on the premises of its consolidated subsidiary Nitta Corporation [Thailand] (NCT), and held an inauguration ceremony on November 26. As part of the company’s shift to further globalization of the hose and tube products business in the medium-term management plan SHIFT2030, the group constructed a second plant on the premises of the NCT plant...
The Japan Rubber Hose Manufacturers Association has released its demand forecasts for rubber hoses for 2024 and 2025. According to the forecast, 2024 demand for automotive hoses, which account for 70% of the total, will stagnate due to the suspension of production and shipments following the certification fraud scandal involving some automakers. In 2025, demand for automotive hoses is expected...
Tigers Polymer’s rubber sheet business for the first half (April-September) of the fiscal year ending March 31, 2025, showed a slight increase in sales over the same period last year. “Although sales were positive, volume-wise, they were almost unchanged. However, statistics show that shipments in the rubber sheet industry as a whole are still quite severe, falling even lower than...
Okamoto posted sales of 54.49 billion yen ($362.81 million), up 6.9% year-on-year, operating income of 4.92 billion yen, up 3.2%, ordinary income of 5.02 billion yen, down 16.5%, and net income of 2.98 billion yen, down 34.9% in the first half (April to September) of the fiscal year ending March 31, 2025. Sales and operating income increased due to strong...
The Japan Society of Seismic Isolation held on November 22 its 20th Forum on Seismic Isolation at the Nihon University College of Science and Technology. Ninety-three people, including members, non-members, and students, attended the forum. The theme of this year’s forum was Considering Japan as an Earthquake Archipelago. The association believes that, as major earthquakes occur in various parts of...
Toyo Tires will establish Toyo Tires Sales and Marketing Europe d.o.o. Indija (TSE) in Serbia, which will start sales operations in the European market from January 2025. The sales control function of Toyo Tires Holdings of Europe (TTHE), headquartered in Germany and the current European control company, will be transferred to TSE by the end of 2025. The business structure...
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