automotive

Yokohama Rubber Develops Car Air Conditioning Hoses For Refrigerant HFO-1234yf

Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has developed a new series of car air conditioning hoses that offer compatibility with HFO-1234yf. A next-generation refrigerant, HFO-1234yf is finding increasing use in automotive air conditioning, especially by North American automakers. The new hose series includes both high-pressure and low-pressure products, and has already been adopted for use in the...

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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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Rubber Industry Sees Solid Demand for Raw Materials in First Half

The first half of calendar 2018 has seen robust demand for raw materials in the rubber industry. This comes on the back of recovering applications in automobiles and tires – the main sources of demand for the materials – as well as strong demand for semiconductors. Due to a rise in the cost of crude oil, prices have increased for...

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Sumitomo Riko, Nagoya University Advance Joint Research on Heat Management for Organic Materials

Sumitomo Riko Co. Ltd. (TYO:5191) and Nagoya University recently entered into the second year of a collaborative research agreement under the Ministry of Economy, Trade and Industry (METI). Formed last April, the agreement targets joint research into heat management for organic materials. Looking to accelerate the deployment of heat management measures in materials technology, this comprehensive agreement targets four annual...

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Toyoda Gosei Eyes Autonomous Driving, Electrification Trends in 2025 Business Plan

Toyoda Gosei Co. Ltd. (TYO:7282) is aiming to achieve over 1 trillion yen ($9.14 billion) in sales revenue, an operating profit margin of eight percent and a return on equity (ROE) of 10 percent in a new business plan for fiscal 2025. To this end, the company intends to develop products and commercialize new technologies in response to the spread...

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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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