nitta

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Strong Demand for Robotics-Related Rubber Products

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...

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Nitta’s Belt, Hose Businesses Drive Record Results for First Half

Nitta Corp. (TYO:5186) has posted record-high sales and profits for the first half (April–September) of the fiscal year ending March 2018. This reflects strong domestic and overseas business results for the company’s mainstay belt and hose business operations, as well as for its air conditioning and device-related products. Total sales for the half were 36.48 billion yen ($319.79 million), up...

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Nitta’s Revenue and Profit Jump in First Half on Strong Semiconductor Products Demand

Nitta Corp. (TYO:5186) has reported a surge in revenue and profit for the first half of the fiscal year ending March 31, 2018. Sales rose to 36.48 billion yen ($319.79 million), up 14 percent from the same period last year, and net profit jumped 25.5 percent to 4.88 billion yen. Meanwhile, operating profit was up 15.2 percent at 2.87 billion...

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Toyo Tires President Comments on Business Transfer to Nitta and Sekisui Chemical

Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and...

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Nitta to Acquire Toyo Tires’ Chemical and Industrial Product Business

Osaka-based Nitta Corp. (TYO:5186) recently announced that it will acquire the chemical and industrial product business of Toyo Tire and Rubber Co. Ltd. (TYO:5105), excluding the seismic isolation rubber business. Toyo Tires’ subsidiary, Toyo Chemical Industrial Products Co. Ltd., will set up a new company in which the business to be acquired by Nitta will be transferred. 100 percent of...

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Nitta Holds Completion Ceremony for Second US Factory

Nitta Corp. (TYO:5186) hosted a completion ceremony on July 11 for its consolidated U.S. subsidiary Nitta Corporation of America (NCA)’s second factory in Georgia, construction for which began in March 2016. The ceremony was attended by Nitta’s President Motonobu Nitta, Consul General of Japan in Atlanta Takashi Shinozuka, Chairman of Forsyth County Board of Commissioners Todd Levent and NCA’s employees....

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