Bando Chemical Industries Ltd. (TYO:5195), a major manufacturer of power transmission belts and conveyor belts, is looking to increase its sales of power transmission belts in the Chinese market and the Asian market overall. The company plans to increase its sales in the Chinese market through the end of the 2016 fiscal year to 11.8 billion yen ($107.6 million) from...
JSR Corp. (TYO:4185) affiliate Elastomix (Thailand) Co. Ltd., Thailand’s largest domestic rubber manufacturer and refiner, is increasing capacity at its Thai production facilities. Although domestic demand in Thailand is in an overall downtrend similar to that of China, the firm is managing to consistently attract new orders and other business. In addition, PT. Elastomix Indonesia has been running its domestic...
Elastomix Co. Ltd., the largest manufacturer and refiner of rubber in Japan and majority-owned by JSR Corp. (TYO:4185), predicts there will be few reasons for demand in Japan to increase in the future. As such, the company plans to aggressively cater to demand overseas through its subsidiaries in China, Thailand and Indonesia. Elastomix’s subsidiary in Foshan, China, added a Banbury...
Shin-Etsu Polymer Co. Ltd. (TYO:7970) has posted 75 billion yen (US $6.87 billion) of sales for the year through the end of March 2016, which represented modest year-on-year growth of 5 percent. However, operating income was 4.1 billion yen – an 84 percent increase over the prior fiscal year. This represents three consecutive years of sales and profit growth in...
In FY 2015, Mitsuboshi Belting Ltd. (TYO:5192) posted operating income of 7.6 billion yen ($69.45 million), a 7 percent increase over the year prior and the highest the company has ever achieved. Year-on-year net sales were up no more than 1 percent at approximately 67.1 billion yen. Net sales of belts in Japan were around 26.5 billion yen, down 3...
Yokohama Rubber Co. Ltd. (TYO:5101) announced that its U.S. subsidiary has won two awards for outstanding achievements in sustainable manufacturing. Yokohama Tire Manufacturing Virginia LLC (YTMV), headquartered in Salem, Virginia, received the Environmental Excellence Gold Award from the Virginia Water Environment Association. This NPO awards companies that have made significant environmental improvements. YTMV was recognized for its waste reductions, zero...
