Sumitomo Riko Co. Ltd. (TYO:5191) has announced plans to establish a flexographic printing plate production site in Italy. The investment of 5 million euros ($5.22 million) in Turin province is part of the company’s efforts to develop the European market. With operations scheduled to start from beginning of 2018, the project is expected to contribute to achieve 14 million euros...
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Power transmission and materials handling systems manufacturer Tsubakimoto Chain recorded favorable sales of power transmission belts for the first half of the fiscal year (April–September 2016), up about 3 percent year-on-year. Power transmission belts for automobiles and robots rose during the period. Sales for automobiles grew with the increase in models using power sliding doors and other devices, while sales...
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Okamoto Industries Inc. (TYO:5122) is significantly increasing revenues by gaining new orders for its interior automobile parts thanks to the global growth of the company’s customers. Yoshiyuki Okamoto, the company’s president, commented on the particularly robust sales in the North America market. Okamoto’s plant in Sandusky, Ohio is a manufacturing center for interior auto parts that has increased revenues by...
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Rubber hose production fell 1.4 percent year-on-year to 3,126 tons in terms of new-rubber volume in September, while the value of shipments fell 0.7 percent to 11.863 billion yen ($102.41 million), according records compiled by the Japan Rubber Hose Manufacturers Association based on statistics by the Ministry of Economy, Trade and Industry (METI). By category, high-pressure hoses were recovering, while...
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Production of automobiles using timing belt-in-oil systems from Gates Unitta Asia Co. is now underway in China. As the company started supplying timing the systems only from beginning of this year, volumes are not that large yet, said Vice President Shuji Miyamoto of Gates Unitta Asia. However, from next year onward the company expects sales volumes of automobiles with timing belt-in-oil...
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Tokokosen Corp. is making moves to bolster revenues, asserting its efforts into the sale of lithium-ion batteries (LiBs). The company, specializing primarily in Chinese trade, industrial materials and garments, also markets automotive materials, tire cords and chafers for parts, base fabric for belts, base fabric and cord for hoses, as well as material for air bags. Chairman and Managing Director...
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