Looking to bolster its business in the Japanese market, Cooper-Standard Holdings Inc. has opened a new local headquarters and engineering center in Yokohama for the company’s Japanese arm. As a U.S.-based manufacturer of auto parts, Cooper Standard holds a leading share in the global market for sealing systems. Dealings with Japanese manufacturers currently make up less than 5 percent of...
Plastic hose manufacturer Toyox Co. Ltd. has launched sales of two new hose sizes under its Toyofoods-S lineup, which has earned itself a strong reputation in the food industry. The move comes in response to high industry demand for large-diameter hoses. More specifically, the company has added hoses with internal diameters of 75 millimeters and 100 millimeters. This comes on...
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...
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