Sumitomo Riko has begun renovation of its Komaki Plant to achieve the 2029 Sumitomo Riko Group Management Vision (2029V). As the first phase of this project, a groundbreaking ceremony for a new chemical engineering plant was held on November 28. In 2021, the company has dismantled the former company housing and gymnasium in the northern part of the Komaki Plant...
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Automotive rubber parts maker Fukoku posted sales of 42.95 billion yen ($291.76 million), up 10.2% year-on-year, operating profit of 1.06 billion yen, up 29.6%, recurring profit of 1.39 billion yen, down 23.2%, and net profit of 1.047 billion yen, down 28.7% in the first half (April-September) of the fiscal year ending March 2024). Sales were affected by the economic slowdown...
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Mitsuboshi Belting’s results for the first half (April-September 2023) of the fiscal year ending March 2024 showed an increase in sales of its mainstay automotive belts, but a decline in sales and profits from general industrial and OA equipment use. With the company raising product prices in 2021 and 2022, it said that this led to a buildup of market...
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In the second half of the fiscal year ending March 2024 (April-September 2023), Fuji Latex posted sales of 3.86 billion yen ($25.63 million), down 7.3% year-on-year; operating profit of 247 million yen, down 33.7%; ordinary profit of 239 million yen, down 35.2%; and net profit of 173 million yen, down 32.6%. Net income was 173 million yen, down 32.6%. By...
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Mondo Design, a manufacturer and seller of bags and accessories, will begin selling under its Seal brand a limited quantity of Glove For Touch, the world’s first luxury glove combining discarded tire tubes and genuine leather. Seal is a brand of products made from upcycled discarded tires. The product is a glove that combines ease of use and strength, made...
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Sumitomo Riko’s heat shielding film is widely being adopted for in-vehicle use in Malaysia. The film is installed on front and front side glass and has been used in approximately 100,000 vehicles, including in police vehicles. The company plans to strengthen its sales expansion activities in Southeast Asia and India. The film was developed in collaboration with Ecotint, a Malaysian...
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