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Bridgestone’s Chemicals and Diversified Products Businesses Raise Profitability in First Quarter

on May 24, 2023 in Products, Tires

Bridgestone’s Chemicals & Diversified Products business achieved higher revenues in the first quarter (January-March) of fiscal 2023. In particular, the chemical products business, whose profitability has steadily been improving, and the diversified business in the Americas (pneumatic springs), which is expected to expand into EVs, are showing positive results. The key is seen to be rubber technology, which the company...

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Sumitomo Riko’s Full Year Sales up 24.2%, Automotive Supplies Strong

on May 22, 2023 in Products

In its business results for the fiscal year ended March 31, 2023 (IFRS basis), Sumitomo Riko posted sales of 541.01 billion yen ($3.92 billion), up 21.3% year-on-year; business profit of 17.87 billion yen, up 176.3%; and net income of 6.68 billion yen, compared with a loss of 6.35 billion yen in the previous year. By business segment, sales in the...

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NOK Posts Full Year Results, Sales up 4%

on May 17, 2023 in Products

NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...

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Toyoda Gosei Enters Large High-Pressure Hydrogen Tank Market for Hydrogen-Powered Fuel Cell Trucks

on March 10, 2023 in Products

Toyoda Gosei, a member of the Toyota Group, has launched a large high-pressure hydrogen tank for fuel cell trucks that run on hydrogen, a market for which demand is expected to grow. The tanks are being used in the mass-market fuel cell light-duty trucks that Commercial Japan Partnership Technologies (CJPT), in which Toyota Motor, Isuzu Motors, and other companies have...

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Do-Yamamoto Establishes Subsidiary in India

on December 23, 2022 in Products

Industrial hose assembler and seller Do-Yamamoto has established Do-Yamamoto Engineering India in Karnataka, India, in order to respond to the expanding overseas plant market. Until now, Do-Yamamoto has been developing industrial hoses for energy, chemical, and industrial projects in Southeast Asia and the Middle East, but by establishing a local subsidiary in India, the company will strengthen its business base...

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Okayasu Rubber Establishes New Company in Texas to Expand Sales in the Americas

on December 15, 2022 in Industry, Products

Okayasu Rubber has established on Aug. 1 a new wholly owned U.S. subsidiary, Okayasu Rubber America. The new company is located in San Antonio, Texas, and started operations on Nov. 1. Okayasu Rubber is a trading company of rubber products for the rubber industry that also has a production base. It has manufacturing and sales bases in Malaysia as well...

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