mitsuboshi belting

Mitsuboshi Belting Sets up New Building for Twisting of Tensile Cords

Transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) has finished constructing a new building for the twisting of tensile cords at its Shiga Plant in Takashima, Shiga. Coming in at an investment of 900 million yen ($7.91 million), the new building has a total floor area of 2,327 square meters and is slated to begin operations this April. The investment here...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Mitsuboshi Belting Readies 3.6B Yen for New Plant in India

Mitsuboshi Belting Ltd. (TYO:5192) is looking to build a new plant in India for the manufacture of automotive transmission belts and other products. Investment here will come to approximately 3.6 billion yen ($32.64 million), with the new plant slated to begin operations in February 2023. Mitsuboshi Belting’s 2021 medium-term business plan has the conveyor belt and automotive transmission belt manufacturer...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Mitsuboshi Belting Manages Profit Growth in Overseas Belting Business Despite Overall Results Slump

Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Mitsuboshi Belting Posts 37.2B Yen in Sales for First Half

Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for the first half of fiscal 2019, revealing increased sales and decreased profits. The company’s sales rose 1.2 percent year-on-year to 37.2 billion yen ($340.04 million), with operating profit down 6.8 percent to 4.4 billion yen, ordinary profit down 17.6 percent to 4.33 billion yen and net profit down 13.2 percent...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Mitsuboshi Belting Targets R&D, Increased Production in Largest Ever Plan for Capital Investment

Mitsuboshi Belting Ltd. (TYO:5192) is setting aside approximately 5.7 billion yen ($52.64 million) for capital investments in fiscal 2019, marking a 74 percent increase over fiscal 2018 to make for the company’s largest ever year of such investments. This will go toward updating and expanding the company’s production facilities, both in Japan and abroad; enriching test research facilities; and reconstructing...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading

Japan’s Transmission Belt Production Rises 2% Year-on-Year for 2017

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...

Please subscribe to read the full story.

[lwa template="modal" register="0"]Subscribe

Continue Reading