The lockdown implemented in Shanghai, China’s largest economic city, had a significant impact on the lives of citizens and supply chains. The impact on the supply chain was particularly large, and the future situation is uncertain. Although the number of infected people has been decreasing due to the Chinese government’s Zero Corona Policy, some are concerned that the lockdown may...
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Toyoda Gosei Co. Ltd.’s (TYO:7282) manufacturing subsidiary in Vietnam, Toyoda Gosei Haiphong Co. Ltd. (TGHP), has started operations at its Thai Binh Plant. At the new plant’s opening ceremony held in Vietnam on July 3, Toyoda Gosei President Naoki Miyazaki said that he is pleased with the start of operations at the Thai Binh Plant, the company’s second manufacturing base...
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Bando Chemical Industries Ltd.’s (TYO:5195) automotive parts business is enjoying robust sales in Southeast Asia. This comes despite a slight decline in Japanese production due to the transfer of production overseas and the impact of a greater number of vehicles not equipped with belts. The growth has primarily been driven by scooter transmission belt sales in Vietnam and India, as...
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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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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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Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has developed a new structural adhesive product for use with automotive resin panels. The company intends to market the product, which was developed with the goal of reducing vehicle weight, as part of its Hamatite brand of sealants and adhesives. Utilizing a fast-curing urethane adhesive with an NCO/OH ratio of 1.5,...
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