Belt manufacturer Bando Chemical Industries Ltd. (TYO:5195) is focusing on growing its business for medical and health care equipment – a sector where demand is expected to grow going forward. As part of this approach, the company recently spent 10.55 billion yen ($96.48 million) on acquiring Aimedic MMT Co. Ltd., which handles production, sales and afterservice for plastic surgery equipment....
Bando Chemical Industries Ltd. (TYO:5195) announced on April 5 that it signed a share purchase agreement to acquire all shares of Aimedic MMT Co. Ltd., a manufacturer, seller and provider of after-sale services for orthopedic medical devices. Acquired from a fund managed by the Polaris Capital Group Co. Ltd. for around 10.55 billion yen ($94.23 million), Aimedic MMT will become...
Bando Chemical Industries Ltd. (TYO:5195) recently received a chairman’s award from the Energy Conservation Center, Japan (ECCJ), as part of the 2018 Energy Conservation Grand Prize awards. The company won this off the back of its Hyper Flat Drive (HFD) System, a flat belt drive system that was rated strongly for enabling a high level of energy conservation. This marks...
Bando Chemical Industries Ltd. (TYO:5195) has reported a year-on-year increase to both sales and profits for the first half of fiscal 2018. Sales for the half increased 5.3 percent over the same period last year to reach 48.2 billion yen, with operating profit up 23.4 percent to 3.81 billion yen, ordinary profit up 34.2 percent to 4.55 billion yen and...
More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
The Japan Belting Manufacturers Association recently released statistics showing Japan’s domestic production of transmission belts to have increased 2 percent year-on-year for 2017, reaching a total of 11,985 tons. While automotive demand stalled, demand for general industrial applications was solid. Increased demand was seen for applications such as semiconductor manufacturing equipment, injection molding machines, machine tools and industrial robots. Looking...
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