Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
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Transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) has finished constructing a new building for the twisting of tensile cords at its Shiga Plant in Takashima, Shiga. Coming in at an investment of 900 million yen ($7.91 million), the new building has a total floor area of 2,327 square meters and is slated to begin operations this April. The investment here...
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Bridgestone Corp. (TYO:5108) has announced that group company Bridgestone Diversified Chemical Products Co. Ltd. (BDCP) will be consolidating its plants for advanced chemical products. The move will see BDCP’s nine production bases consolidated down to six. As for the employees of the three plants to be closed, Bridgestone believes that they are highly skilled and experienced, passionate about their jobs...
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Toyoda Gosei Co. Ltd. (TYO:7282) has launched a range of eco-friendly bag products made from airbag fabric, including colored tote bags and colored pen cases. This comes as Toyoda Gosei looks to reduce the environmental impact of its production activities – from material procurement through to disposal – as part of its broader push to achieve SDGs. The company has...
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Bridgestone Corp. (TYO:5108) has announced its intent to withdraw from the conveyor belt business, with plans to completely end its operations here by the end of 2024 after gradually ramping down production and sales. Discussions are moving forward based on the idea that workers in this business will continue to be employed under the Bridgestone Group. The chemical and industrial...
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Toyoda Gosei Co. Ltd. (TYO:7282) has revealed a promising set of business results for the first half of fiscal 2021. Sales revenue here came to 387.36 billion yen ($3.4 billion), up 25.2 percent year-on-year; operating profit to 12.99 billion yen, up 187.8 percent; and net profit to 9.03 billion yen, up 162.6 percent. For Japan specifically, the figures were 195.17...
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