Bando Chemical Industries Ltd. (TYO:5195) has put together an outline of its new medium-term business plan, “Breakthroughs for the Future 2nd Stage.” Slated to run for five years and end in fiscal 2022, the plan targets expansion both for Bando Chemical’s existing operations – which are focused on belt products – and for its new business areas, specifically with regard...
Bando Chemical Industries Ltd. (TYO:5195), a manufacturer of automotive rubber components and belts, is focusing on Asia as part of its current medium- to long-term management plan, which it has been following since fiscal 2013. With one of this plan’s guidelines targeting the “evolution of global market strategy,” the company has set Asia as a high-priority region, and aims for...
Mitsutaka Yoshii, president of rubber belt and functional parts manufacturer Bando Chemical Industries Ltd. (TYO:5195), sat down with Japan Rubber Weekly ahead of the new year to discuss his company’s plans for 2018. Noting that Bando’s new businesses have finally taken shape, he stressed that placing them on a sound growth footing is the key task in the second stage...
The robotics industry is booming as manufacturers cut personnel costs and supplement scarce human resources through production line automation and workforce reduction. According to statistics reported by the Japan Robot Association (JARA), 55,998 robotic devices were produced during the July-September quarter, up 44.9 percent from the same quarter of the previous year. Shipment value amounted to 195.95 billion yen ($1.73...
Bando Chemical Industries Ltd. (TYO:5195) has established Bando Asia & Pacific Co. Ltd., a new wholly-owned subsidiary in Bangkok, Thailand. Intended to help Bando advance its business in Asian markets more effectively, the subsidiary was established with 11 million Thai Baht ($332,527) in capital, and is set to begin operating next January. For the time being, its role will be...
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...
