Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
Bando Chemical Industries
Bando Develops Improved Narrow Bonded V-Belt
Bando Chemical Industries Ltd. (TYO:5195) has developed Power Ace Aramid Combo, Japan’s first narrow bonded V-belt to use highly elastic Aramid cord. In addition to improving upon the Power Scrum bonded V-belt, this product uses highly elastic Aramid cord. Aramid cord improves dimensional stability and shock resistance, and also has superior thermal resistance and conductivity. This caters to the demand...
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Japanese Rubber Companies Heavily Revise Earnings Projections
As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...
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