Toyoda Gosei Co. Ltd. (TYO:7282) has announced it will start producing automotive parts at the company’s Saga Plant, which discontinued production of LEDs at the end of September 2016. The company has invested around 3.5 billion yen ($31.07 million) to prepare the plant to produce automotive parts. Production is set to start in May 2018 for airbag inflators, as well...
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Nishikawa Rubber Co. Ltd. (TYO:5161) has reported 22.1 billion yen ($200.34 million) in sales, up 2.3 percent year-over-year, and 1.96 billion yen in operating profit, up 9.8 percent, for the first quarter of the fiscal year ending March 2018. Ordinary profit for the quarter increased 34.5 percent to 2.66 billion yen, while net profit was 1.91 billion yen, contrasting a...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
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Fujikura Rubber Ltd. (TYO:5121) reached the decision on Aug. 10 to acquire land for constructing a new factory in Zhejiang Province, China. To be used for consolidated subsidiary Anji Fujikura Rubber Ltd. The project will cost an estimated 132 million yen ($1.2 million). Anji Fujikura Rubber constructed and began operating its second plant in December 2016. Since the Chinese market’s...
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According to a survey of auto part shipments for fiscal 2015 compiled by the Japan Auto Parts Industries Association (JAPIA), total value was 19.12 trillion yen ($167.49 billion), down 3.4 percent over the prior year and the first year-on-year decline in three years. Within that total, the shipment value of rubber parts, spread across 11 categories, came to 709.03 billion...
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As Toyoda Gosei Co. Ltd. (TYO:7282) moves forward with 2017, the company finds itself encompassed by an environment of accelerating change, says President Naoki Miyazaki. Continuing on from the first installment of a two-part exclusive interview with Japan Rubber Weekly, Miyazaki discussed what such changes mean for the company and how it plans to proceed. For Miyazaki, the nature of...
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