auto parts

Toyoda Gosei Develops New Cutoff Valve to Help Reduce Fuel Tank Weight

Toyoda Gosei Co. Ltd. (TYO:7282) has developed a cutoff valve with a novel structure as a means of helping reduce the weight of automobiles. This valve is already being used as part of the new Toyoda Land Cruiser in certain regions, including the Middle East. Cutoff valves are plastic components used in fuel tanks, where they serve to prevent elevation...

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Bridgestone Looks to Expand Air Spring Production Capacity in US

Bridgestone Americas Inc. has announced that subsidiary Firestone Industrial Products LLC (FSIP) is set to boost its production capacity for air springs at a plant in Williamsburg, Kentucky. Total investment in this expansion is slated to come to $51 million, with construction to begin in the second quarter of this year and wrap up by the end of 2022. The...

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Toyoda Gosei Lines up New Plant for Automotive Interiors and Exteriors in Miyagi Prefecture

Toyoda Gosei Co. Ltd. (TYO:7282) is establishing a new plant in Ohira, Kurokawa-gun, Miyagi Prefecture, to bolster its auto parts production capacity in the Tohoku region and better serve its main customer, Toyota Motor East Japan Inc. Set to be established under production subsidiary Toyoda Gosei East Japan Co. Ltd., the new plant is slated for a construction start this...

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Nichirin Posts Decrease to Sales, Profits for First Quarter of 2020

Rubber auto parts manufacturer Nichirin Co. Ltd. (TYO:5184) recently posted its business results for the first quarter of calendar 2020. The figures here highlight how sluggish demand and sales in the automotive sector – Nichirin’s largest customer industry – brought about a decline in both sales revenue and profit at the company. A large part of this stems from the...

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Toyo Tires Anticipates Decreased Operating Loss in Auto Parts Business for 2020

Toyo Tires Corp. (TYO:5105) is gradually reducing the operating losses of its auto parts business. While the company’s forecasts for calendar 2020 point to this business – which is focused on anti-vibration rubber – as posting another operating loss, the specific loss here is set to more than halve compared to 2018, when the company first changed the auto parts...

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Nichirin to Stop UK Production of Automotive Air Conditioning Systems and Brake Hoses

Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...

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