Fujikura Rubber Ltd. (TYO:5121) reached the decision on Aug. 10 to acquire land for constructing a new factory in Zhejiang Province, China. To be used for consolidated subsidiary Anji Fujikura Rubber Ltd. The project will cost an estimated 132 million yen ($1.2 million). Anji Fujikura Rubber constructed and began operating its second plant in December 2016. Since the Chinese market’s...
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Bando Chemical Industries Ltd. (TYO:5195) has been working to bolster existing businesses while creating new ones as part of Breakthroughs for the Future, the company’s medium- to long-term business plan. The plan was embarked upon in fiscal 2013, and its first stage – or “BF-1” – concludes this year. According to Bando Chemical’s president, Mitsutaka Yoshii, the company has made...
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Molten Corp. is involved in a wide array of businesses. They include sports equipment, such as competition grade balls for basketball, volleyball and soccer, as well as auto parts, medical equipment, assistive technology, hydrophilic supplies and industrial-grade materials. One entity within the company group is Molten Polymix KK. This firm handles all of Molten’s domestic refining operations for rubber products....
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Osaka-based manufacturer Kyowa Ltd. is this year celebrating the 100-year anniversary of its transparent rubber band, developed by company founder Hirozo Nishijima. After formulating the bands in 1917, Nishijima went on to start Kyowa in 1923, aiming to manufacture and sell bicycle tire tubes and rubber bands. In early 20th-century Japan, banknotes were often held together using pieces of bicycle...
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Sakura Rubber Co. Ltd. (TYO:5189) recently released its financial results for the first quarter of the fiscal year ending March 2018. Company sales rose 11.5 percent year-on-year to 1.95 billion yen ($17.69 million), while operating profit decreased 62.1 percent to 20 million yen. Ordinary profit dipped 1.1 percent to 49 million yen, and quarterly net profit jumped 70.2 percent to...
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Bando Chemical Industries Ltd. (TYO:5195) launched a new rice hulling roll, called Yellow Boy, on Aug. 1. The product life span of the newly developed Yellow Boy is about three times longer than the company’s previous rice hulling rolls. Rice hulling rolls are used in rice hullers to separate rice into hulls and brown rice. Most rice hullers at rice...
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