Sumitomo Riko Co. Ltd. (TYO:5191) recently debuted a low-density ethylene propylene diene monomer (EPDM) hose made from the company’s newly developed lightweight reinforcement material. The hose was revealed at the Automotive Engineering Exposition 2017 held at the Pacific Convention Plaza Yokohama May 24 through May 26. Developed in order to reduce automotive energy consumption, the hose is based on a...
Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...
Nishikawa Rubber Co. Ltd. (TYO:5161), a rubber manufacturer of automotive parts such as weatherstrips and seal material, unofficially selected a new president at a board meeting convened on May 12. The company offered the position of president and CEO to Managing Director Yoshitomo Fukuoka, aged 64. The decision will be formalized at a regular shareholder and board meeting scheduled for...
Nitta Corp. (TYO:5186) is moving forward with a capital investment plan totaling at 4.5 billion yen ($40.38 million) for fiscal 2017, directly linking the investment to company sales. Included in this amount, says President Motonobu Nitta, are remaining funds from fiscal 2016’s budget, as only 3 billion of the allotted 4.8 billion for the year was used. Investment will mainly...
Nippon System Kaihatsu Co. Ltd. has released Version 4.3 of its Mixture Design Support System (MDSS), which assists in mixing raw materials for rubber. MDSS is a software that enables consolidated management and sharing of data categorized under material, process, operation flow and evaluation. By adding information to a database and centralizing its management, the software allows users to quickly...
As the number of people playing golf is on a downward trend globally, the golf market is expected to continue experiencing harsh conditions for some time. Looking at the Japanese market, sales prices dropped due to intensified competition resulting from a market contraction that took place leading up through 2014 and 2015. However, sales prices stopped declining in 2016 and...
