Zeon Corp. (TYO:4205) has announced that it intends to establish a new subsidiary, tentatively named Zeon Chemicals Asia Co. Ltd., to help in expanding its business for the manufacture and sale of acrylic rubber. The subsidiary will be located in Rayong Province, Thailand, and capitalized at 1.25 billion baht ($38.13 million). Acrylic rubber provides for excellent resistance to heat and...
Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....
Nitta Corp. (TYO:5186) has reported rising sales and profits for the first quarter of fiscal 2018. This puts the company on a solid start to achieving its medium-term management plan goal of generating 100 billion yen ($899.62 million) in sales for fiscal 2020. Sales for the quarter came out to 21.63 billion yen, growing 19.2 percent year-over-year. Operating profit increased...
Okamoto Industries Inc. (TYO:5122) has seen its sales for the first quarter of fiscal 2018 rise 6.2 percent year-on-year to 22.47 billion yen ($203.93 million), according to a recent release of business results for the period. These results also show the company’s operating profit for the quarter as having risen 2.1 percent to 2.89 billion yen, while ordinary profit was...
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has developed a new series of car air conditioning hoses that offer compatibility with HFO-1234yf. A next-generation refrigerant, HFO-1234yf is finding increasing use in automotive air conditioning, especially by North American automakers. The new hose series includes both high-pressure and low-pressure products, and has already been adopted for use in the...
Toyoda Gosei Co. Ltd. (TYO:7282), a member of the Toyota Group, has opened a new base for Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). The base is intended to handle engineering and sales matters, and is located in Gurgaon, near Delhi. Employees at the location have been tasked with developing, designing and selling a range of products –...
