Mitsuboshi Belting will construct a new four-story building at its Nagoya Plant in Komaki City, Aichi Prefecture, that will house both production lines and an automated warehouse distribution system. The investment will be approximately 6 billion yen ($37.43 million), with operations scheduled to begin in May 2026. The site area is set to be approximately 5,300 square meters and total...
Mitsuboshi Belting, a manufacturer of industrial rubber products and rubber belts, announced at a financial result briefing on May 20 the outline of its new ’24 Mid-Term Management Plan, which will run through fiscal 2026. The company’s ideal state for fiscal 2030 is to “establish a strong corporate structure that is resilient to change,” and it has set numerical targets...
Mitsuboshi Belting’s results for the first half (April-September 2023) of the fiscal year ending March 2024 showed an increase in sales of its mainstay automotive belts, but a decline in sales and profits from general industrial and OA equipment use. With the company raising product prices in 2021 and 2022, it said that this led to a buildup of market...
Mitsuboshi Belting has been working on business and management reforms, including global production reorganization, strengthening of the logistics system, and digital transformation (DX) human resource development. Japan Rubber Weekly sat down for an interview with President Hiroshi Ikeda about the progress of reforms, the current status of new product and technology development and business performance. On current business performance and...
Rubber and resin-related companies are focusing on expanding into the food market, where they expect stable demand. At Fooma Japan 2023, held recently at Tokyo Big Sight from June 6-9, a large number of rubber and resin-related companies were present, with many of them exhibiting for the first time in order to cultivate new demand in the food industry. The...
Automobile transmission belt manufacturer Mitsuboshi Belting has switched the energy used at its Kobe Works and Shikoku Plant to alternative sources that can contribute to reducing carbon emissions. The move follows the installation of solar systems on the roofs of the Kobe Works’ Central Plant’s third and fourth buildings in November 2021 and is part of the company’s efforts to...
