Toyoda Gosei Co. Ltd. (TYO:7282), the Toyota Motor Group’s only manufacturer of high polymers, established a new plant on March 14 to manufacture high-pressure hydrogen tanks – a main component of fuel cell vehicles (FCVs). The company has invested 12 billion yen ($113.28 million) in the plant, where it is preparing to start production in the early 2020s. Moving forward,...
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Sitting down for a recent interview with Japan Rubber Weekly, Toyoda Gosei Co. Ltd. (TYO:7282) President Naoki Miyazaki said that the automotive industry is entering a massive, once-in-a-century turning point. Such a shake-up to business is an opportunity for growth, he said. Miyazaki spoke on the impact of electrification and Toyoda Gosei’s strategy to deal with it, saying that although...
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Mitsui Chemicals Inc. (TYO:4183) has posted record-high net, ordinary and operating profit figures for the combined first three quarters of fiscal 2017 (April–December). Sales for the period totaled 959.83 billion yen ($8.78 billion), up 10.3 percent from the same period in the previous year. Operating profit was 75.74 billion yen, up 5.7 percent year-on-year; ordinary profit was 78.85 billion yen,...
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Toyoda Gosei Co. Ltd. (TYO:7282) will begin sales of an aftermarket steering wheel that activates an alert upon detecting that the driver has taken his or her eyes off the road or started to fall asleep. The product was developed to prevent semi-trailer truck accidents, which can often lead to more damage than passenger vehicle accidents, and will be sold...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced that a large plastic roof panel developed by the company will be adopted by Toyota Motor Corp. (TYO:7203) for use in a fuel cell (FC) bus scheduled for launch this year. Toyota will produce more than 100 of these buses, primarily for the Tokyo 2020 Olympic and Paralympic games. Plastic car bodies, despite...
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Okamoto Industries Inc. (TYO:5122) President Yoshiyuki Okamoto believes that his company this year will likely be able to maintain the business performance that it saw with automotive products in 2017. Sitting down for an interview recently with Japan Rubber Weekly, Okamoto said that he expects these products to keep up sales levels, particularly in the U.S. and China, though he...
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