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Demand for Construction Equipment to Increase 2 Percent

on October 14, 2015 in Market Background, Products

According to estimates by the Japan Construction Equipment Manufacturers Association, an organization of companies including makers of hydraulic excavators, construction cranes and tractors, the 2016 demand for shipments of construction equipment is projected to rise to 2.16 trillion yen (approximately $18 billion), an increase of 2 percent over the previous year. The Japanese domestic portion of this figure is 853.6...

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Toyoda Gosei Aims to Strengthen its Base in Brazil

on October 13, 2015 in Industry, Products

Toyoda Gosei, a Toyota Group auto parts company, is slated to invest in Pecval Industria, a Brazilian firm that produces resin parts for auto interior and exterior. With this move, Toyoda Gosei plans to reinforce its business base in Brazil. Pecval is a wholly-owned subsidiary of Shimizu Industry Co., Ltd. (Kariya City, Aichi Prefecture), that produces auto dashboard components and...

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Sumitomo Riko and Daehung R&T to Establish Rubber JV in China

on October 13, 2015 in Industry, Products

Sumitomo Riko Co. Ltd. (formerly Tokai Rubber Industries), in a joint venture with Daeheung R&T Co. Ltd. of South Korea, will establish a rubber refinement (kneaded rubber/rubber compound) manufacturing and vending company in China. Both companies had been involved in producing kneaded rubber, but with business expansion came the need to augment production capabilities. Sumitomo Riko views this as an...

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