automotive

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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Lanxess KK President Hideo Tsuji Comments on 2018 Plans, 2017 Results

Hideo Tsuji, president and CEO of Lanxess KK, held a press conference on April 17 to discuss the company’s plans and activities for fiscal 2018. Speaking at the event, Tsuji said that his company – which is the Japanese arm of German-based specialty chemicals manufacturer Lanxess AG – will provide lightweighting solutions for next-generation vehicles. This will include efforts in...

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JSR Elastomer India Starts Business Operations

JSR Corp. (TYO:4185) announced on April 9 that its Indian subsidiary JSR Elastomer India Pvt. Ltd. has started operations. Located in the city of Gurugram, Haryana, JSR Elastomer India was established on Dec. 20 last year to bolster operations and marketing activities for elastomer products such as synthetic rubber with a focus on India. It is the fourth JSR subsidiary...

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Toyoda Gosei Looks Toward FCVs With New Plant for High-Pressure Hydrogen Tanks

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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Toyoda Gosei to Launch New Steering Wheel for Accident Prevention

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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