Oil seal manufacturer NOK has on June 26 launched a new global matrix structure, which combines two organizations, Business Function, a business axis, and Leading Function, a functional axis that connects 93 NOK group companies in Japan and overseas. The company will strengthen cooperation as Global One NOK and aim for further growth on a global scale. Under the new...
Yokohama Rubber will build a new passenger car tire plant in China. The production capacity will start at 9 million tires per year and is expected to expand in the future. The investment will be 1.96 billion yuan ($269.62 million), with production scheduled to begin in the second quarter of 2026. The construction of the new plant is in response...
The so-called 2024 Problem, which refers to a cap on overtime hours for truck drivers in Japan that came into effect in April and results in transportation capacity shortages, has reached the rubber-related industries as well. Not only are transportation costs continuing to rise, but the conditions demanded by shippers, such as shorter waiting times for cargo, are becoming even...
The Japan Seismic Isolation Laboratory has on July 1 launched a Dynamic Performance Certification System for Seismic Isolation, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) said. This system evaluates the performance of seismic isolation devices using a full-scale seismic isolation tester (E-Isolation), which boasts the world’s top-class accuracy, and is expected to further enhance the reliability of seismic...
Tokyo Zairyo’s business results for the fiscal year ended March 31, 2024, showed sales of 51.85 billion yen ($322.24 million), down 4.1% from the previous year; ordinary income of 2.49 billion yen, down 3.2%; and net income of 1.80 billion yen, down 5.4%. In an environment of global recession concerns, geopolitical risks, and a shift to electrification in the automotive...
On June 14, Fujikura Composites held an online financial results meeting for the fiscal year ending March 31, 2024. For the period, net sales were down 7.1% year-on-year to 37.79 billion yen ($234.86 million), operating income was down 18.2% to 3.62 billion yen, ordinary income was down 24.2% to 3.90 billion yen, and net income was down 17.6% to 3.25...
