auto parts

Toyoda Gosei Plans Chinese Acquisition to Bolster Business for Auto Parts

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...

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NOF Sees Success With High-Performance Elastomers for Auto Parts

NOF Corp. (TYO:4403) is keeping a keen eye on its NOF-Alloy TZ Series of high-performance elastomers, which are targeted toward use in components around automotive engines. Most applications for the series at present see these products being used in air ducts for trucks and similar vehicles. The NOF-Alloy TZ Series covers a range of thermoplastic elastomers with polymer alloy technology...

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Nishikawa Rubber to Establish Chinese Production Base for Automotive Seals by End of Year

Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....

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Toyoda Gosei Sets Up New Indian Base to Accelerate Engineering and Development

Toyoda Gosei Co. Ltd. (TYO:7282), a member of the Toyota Group, has opened a new base for Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). The base is intended to handle engineering and sales matters, and is located in Gurgaon, near Delhi. Employees at the location have been tasked with developing, designing and selling a range of products –...

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Inoac to Roll Out High-Performance Elastomer Developed by US-Based Cooper Standard

Inoac Corp. is poised to launch the new material Fortrex in Japan within this year. A high-performance elastomer developed by Inoac’s global partner U.S.-based Cooper-Standard Holdings Inc., Fortrex combines the advantages of thermoplastic vulcanizate (TPV) and ethylene propylene diene monomer (EPDM), and will be sold as Japan’s first superelastomer of its kind. In the U.S., Fortrex is used in automotive...

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Sumitomo Riko Targets 1 Trillion Yen in Sales for 100th Anniversary in 2029

Sumitomo Riko Co. Ltd. (TYO:5191) announced on May 24 that it is switching to a new medium-term management plan, titled 2022 Sumitomo Riko Group Vision (2022V). With recent years seeing factors such as a major transformation in the automotive industry and the rise of protectionism in Western nations, the new plan comes as a fundamental shift to the approach outlined...

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