Yokohama Rubber Co. Ltd. (TYO:5101) is working to expand sales overseas of its Multiple Business (MB) Group, which handles products such as hydraulic hoses, conveyor belts, marine hoses and vehicle fender materials. In September 2014, Yokohama Rubber acquired Parker MHP S.r.l., an Italian marine hose manufacturing subsidiary of Parker Hannifin Corp. of the United States. With a production volume of...
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Mitsuboshi Belting Ltd. (TYO:5192) is enjoying strong sales of conveyor belts for light transport, particularly the “white” belts used for food products. Sales are on the increase in the processed food market, particularly of convenience store items such as packed lunches, “onigiri” stuffed rice balls and prepared side-dishes. Safety and hygiene management standards in the food production workplace have grown...
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The domestic revenue for the conveyor belt business of Yokohama Rubber Co. Ltd. (TYO:5101) moved almost sideways last year from the prior year. Meanwhile, the global sales for the segment fell, pushed down by a decline in global commodity prices. Although the segment’s domestic sales volume slightly increased, the profit was squeezed by price competition. While the demand for steelmakers,...
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Mitsutaka Yoshii, president of Kobe-based Bando Chemical Industries Ltd. (TYO:5195), presided over a ceremony on April 14 to commemorate the 110th anniversary of the business’s foundation, where he and around 200 people including executives, managers and other employees were in attendance for the special occasion. The ceremony was broadcast live to 23 locations in nine countries. Yoshii kicked off the...
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Katsura Roller Mfg. Co. Ltd.’s winding roller, e-Core, has earned the award of “Gold Ecotech,” which is given to Osaka-developed products that are judged as being advanced environmental technology. The e-Core is a product that provides new features to the roller core, which is necessary for rolling plastic film, sheets and metal foil for industrial, printing and packing purposes. By...
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Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) has written off some of the debt held by consolidated subsidiary Kinugawa Mexico SA De Cv. Writing off this debt is intended to free Kinugawa Mexico of excessive liabilities and fortify its financial footing. The debts forgiven, including accounts receivable, amounts to $13 million. This move means Kinugawa Rubber Industrial has booked approximately 1.47...
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