china

Sumitomo Riko to Establish Chinese Headquarters for Automotive Business

Sumitomo Riko Co. Ltd. (TYO:5191) is looking to target local OEMs by establishing a Chinese headquarters for its automotive business next April. Located in Jiaxing, Zhejiang Province, the new headquarters will come as part of a broader company initiative to strengthen its business system in China – the hope here being to speed up local sales growth for auto parts....

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Synthetic Rubber Demand Expected to Remain Strong Globally for Second Half

Demand for synthetic rubber is projected to keep up a strong performance for the second half of fiscal 2018, spanning October–March. While the first half of the fiscal year saw raw material cost trends drive falling profits in some areas, demand itself has been stable on the whole, with some product types continuing to see tightness in the supply–demand balance....

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NOK President Expects US–China Trade War to Drive Profits Down by 600M Yen

Kiyoshi Doi, president of major oil seal producer NOK Corp. (TYO:7240), recently provided his thoughts on how the ongoing trade war between the U.S. and China is impacting his company’s business. NOK’s operations see the company ship products both from the U.S. to China and vice versa, Doi said. He therefore expects that tariffs being placed on these products will...

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Toyoda Gosei Plans Chinese Acquisition to Bolster Business for Auto Parts

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it intends to invest in Hubei Rock Rubber and Seal Technology Co. Ltd., an independent weatherstrip supplier located in central China. The move represents an effort by Toyoda Gosei to bolster its Chinese business for auto parts. In carrying out the investment, Toyoda Gosei will use its Chinese regional headquarters to acquire...

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China Forges Ahead With Reclaimed Rubber Production to Compensate for Natural Rubber Shortage

China is the world’s largest producer of both reclaimed rubber and rubber powder, controlling production for 73 percent of the world’s reclaimed rubber. Currently suffering from a shortage of natural rubber for raw material purposes, the country is looking to save on its natural rubber consumption – and this is then driving efforts to convert waste tires into reclaimed rubber....

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Nishikawa Rubber to Establish Chinese Production Base for Automotive Seals by End of Year

Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....

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