Industrial hose manufacturer Sumitomo Riko Hosetex is expanding production capacity at its production bases in Japan (Kyoto), China (Hefei, Anhui Province) and India (Neemrana, Rajasthan) in response to strong demand for high-pressure hoses (wire braid hoses). The plan was decided in August 2021, with an investment of approximately 1 billion yen ($7.43 million). The expansion is scheduled to be completed...
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Sanyo Trading, a raw materials trading company, has acquired ISCC PLUS certification, an international certification system for sustainable products. ISCC PLUS certified products include Perstorp polyols, trimethylolpropane, pentaerythritol, and dipentaerythritol (environmentally friendly grade). The ISCC PLUS certification enables the company to handle ISCC PLUS certified products worldwide, including outside the EU. The company has positioned sustainability initiatives as a key...
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Achilles reported financial results for the first half (April – September) of the fiscal year ending March 31, 2023, with net sales of 40.8 billion yen ($292.85 million), up 12.0 percent year-on-year; an operating loss of 102 million yen (a profit of 608 million yen in the previous year); ordinary income of 489 million yen, down 42.8 percent; and net...
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Sumitomo Riko will increase the production capacity of the O’Donnell Plant of S-Riko de Querétaro (SRK-QRO, headquartered in Querétaro, Mexico), a group company that manufactures and sells automotive anti-vibration rubber and other products in Mexico. By expanding the plant building from the current 12,000 square meters to 22,000 square meters, SRK-QRO’s production capacity of automotive anti-vibration rubber will be increased...
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Sumitomo Riko, a leading supplier of automotive rubber parts such as anti-vibration rubber, posted sales of 255.6 billion yen ($1.76 billion), up 22.7 percent year-on-year, business loss of 894 million yen (102 million yen profit in the same period last year), and quarterly loss of 4.794 billion yen (3.480 billion yen profit in the same period last year) in the...
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Molten has begun on Nov. 1 operations of its new technical center “molten[the Box]” on the site of the former Hiroshima Nishi Airfield in Kannon Shinmachi, Nishi Ward, Hiroshima City. Construction had started in July 2021. The facility brings together the development bases of Molten’s four businesses, sporting goods, automotive parts, medical and welfare equipment, and marine and industrial goods....
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