Nishikawa Rubber, a Hiroshima-based manufacturer of sealing products and industrial rubber products, has formulated its “2030 Global Medium- to Long-Term Management Plan.” The company aims to achieve sales of 130 billion yen ($833.75 million) or more, operating income of 13 billion yen or more, operating margin of 10% or more, ROE of 9% or more, and ROIC of 8% or...
Mitsuboshi Belting, a manufacturer of industrial rubber products and rubber belts, announced at a financial result briefing on May 20 the outline of its new ’24 Mid-Term Management Plan, which will run through fiscal 2026. The company’s ideal state for fiscal 2030 is to “establish a strong corporate structure that is resilient to change,” and it has set numerical targets...
The HF TireTech Group, headquartered in Hamburg, Germany, has high hopes for entering the Japanese market with its tire manufacturing equipment products. HF is a 165-year-old rubber machinery manufacturer. Since its establishment, the company has supplied more than 7,000 tire manufacturing vulcanizing presses, and has established partnerships with the world’s top 10 tire manufacturers. With locations in Germany, the United...
Nippon A&L said on May 27 that it will raise the prices of its synthetic rubber latex products for delivery on July 1. The price increase will be 25 yen ($0.16) or more per kilogram for paper processing latex as well as other latex. The company commented on the price increase, “It has become difficult to absorb the cost increase...
Sumitomo Rubber and Yamanashi Prefecture have agreed to mutually cooperate in building a hydrogen energy society to achieve carbon neutrality. The two partners will use green hydrogen through the Yamanashi Model P2G System to decarbonize tire manufacturing and other processes. The Yamanashi Model P2G System is a technology to realize decarbonization by producing hydrogen from electricity derived from renewable energy...
Fujikura Composites posted a 7.1% year-on-year decline in net sales to 37.79 billion yen ($241.18 million), an 18.2% decline in operating income to 3.62 billion yen, a 24.2% decline in ordinary income to 3.9 billion yen, and a 17.6% decline in net income to 3.25 billion yen for the fiscal year ended March 31, 2024. By segment, the industrial supplies...
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