nitta

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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Nitta to Sell US-Made Condensation Particle Counter

Nitta Corp. (TYO:5186) has begun marketing the AeroTrak 9001, a condensation particle counter (CPC) manufactured by U.S.-based TSI Inc. The product is capable of measurement at high flow rates and has an ultra-low false-count rate. The AeroTrak 9001 has a unique design and is the only CPC on the market with a water-based laminar-flow triple detector structure. The product’s extremely...

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Nitta Implements Capital Investment Plan With Direct Tie-in to Sales

Nitta Corp. (TYO:5186) is moving forward with a capital investment plan totaling at 4.5 billion yen ($40.38 million) for fiscal 2017, directly linking the investment to company sales. Included in this amount, says President Motonobu Nitta, are remaining funds from fiscal 2016’s budget, as only 3 billion of the allotted 4.8 billion for the year was used. Investment will mainly...

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Nitta Sees Good Conveyor Belt Sales, Expects Further Growth

Nitta Corp. (TYO:5186) has seen steady growth in sales of its conveyor belts. The company’s New Light Grip conveyor belts, which are made with polyester woven fabric, are selling well in the food and distribution sectors. In the food sector, sales of the WEXU, LBEU Series high-performance belts, which were launched in 2015, have contributed to increased revenue for the...

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