china

Sumitomo Riko Recognizes Outstanding Chinese Distributors at Kyoshokai Event

Sumitomo Riko Co. Ltd. (TYO:5191) held its second “Kyoshokai” event on Nov. 1 at the company’s branch in Ayabe, Kyoto. The company used the event to outline business objectives and recognize the efforts of outstanding Chinese distributors. Established in 2016, Kyoshokai is a distributors conference for Sumiriko Industrial Products (Shanghai) Co. Ltd., a Shanghai-based industrial hose sales subsidiary of Sumitomo...

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Yokohama Rubber to Supply Advan Racing Tires at 64th Macau Grand Prix

Yokohama Rubber Co. Ltd. (TYO:5101) will provide Advan racing tires for vehicles competing in China’s 64th Macau Grand Prix, a four-day event running from Nov. 16–19. Yokohama Rubber supplied tires for the race for 33 straight years until 2015. After a one-year hiatus, this will be the Japanese tire manufacturer’s 34th year of providing racers with their tires in Macau....

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Fujikura Rubber to Acquire Land for New Plant in China

Fujikura Rubber Ltd. (TYO:5121) reached the decision on Aug. 10 to acquire land for constructing a new factory in Zhejiang Province, China. To be used for consolidated subsidiary Anji Fujikura Rubber Ltd. The project will cost an estimated 132 million yen ($1.2 million). Anji Fujikura Rubber constructed and began operating its second plant in December 2016. Since the Chinese market’s...

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Nichirin to Establish Manufacturing and Sales Base in China for Automotive Hoses

Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...

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Bando Chemical and Mitsuboshi Belting See Robust Transmission Belt Sales in China and Asia

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...

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Shareholders Meeting: Bridgestone COO on Tackling Future Auto Technology

With the four large Japanese tire makers closing their fiscal years by end of December, the latter half of March has in succession seen Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tire & Rubber Co. Ltd. (TYO:5105) holding their annual shareholders meetings. Talking at Bridgestone’s meeting on March 24, Kazuhisa Nishigai, the...

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