nitta

Nitta Achieves Year-on-Year Increase to Belt, Rubber Product Sales for 2018

Nitta Corp. (TYO:5186) recently posted its results for fiscal 2018, revealing a total of 89.17 billion yen in annual sales – up by 22.2 percent year-on-year. On the profit side of the equation, the company made 5.66 billion yen in operating income, up 16.4 percent year-on-year; 11.47 billion yen in ordinary income, down 0.3 percent; and 8.97 billion yen in...

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Nitta Celebrates 134th Anniversary, Looks to Capitalize on a Changing Society

Nitta Corp. (TYO:5186), a major manufacturer of industrial-use rubber and resin products, celebrated its 134th anniversary on March 18 with ceremonies at its Osaka Head Office and its Nara Plant. Speaking on the day, President Motonobu Nitta said that his company has sought to create new value by expanding its range of operations outside of the existing Nitta family business...

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Nitta Completes Third Phase of Expansion Project at Mexican Plant

Nitta Corp. (TYO:5186) recently announced that its Mexican subsidiary, Nitta Moore Mexico S. de R.L. de C.V. (NMM), held a ceremony on Feb. 19 to mark the end of construction for the third phase of a plant expansion project. The ceremony was attended by a number of San Luis Potosi state and city officials, including business council executive Gabriela Rivera...

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Nitta Develops New Robotic Hand Able to Grip Wider Range of Foods

Nitta Corp. (TYO:5186) is set to begin accepting orders this March for its new SOFTmatics robotic hand. In developing the SOFTmatics, the major industrial rubber products manufacturer looked to bring about a new robotic hand that is able to directly grip foods of unusual shape and other such characteristics – a task that has proven difficult for conventional robotic hands....

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Nitta Sees Strong Performance for Resin Belting in Distribution, Food Sectors

Nitta Corp. (TYO:5186) is expecting its belting division to report year-on-year sales growth of around 5–9 percent for the first half of fiscal 2018. The company’s NLG series of resin conveyor belts have recently been met with strong performance in the distribution sector as well as positive trends in the food sector, causing year-on-year sales growth percentage here to be...

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Nitta Posts Strong Q1 Results as President Expresses Concerns Over China–US Trade War

Nitta Corp. (TYO:5186) has reported rising sales and profits for the first quarter of fiscal 2018. This puts the company on a solid start to achieving its medium-term management plan goal of generating 100 billion yen ($899.62 million) in sales for fiscal 2020. Sales for the quarter came out to 21.63 billion yen, growing 19.2 percent year-over-year. Operating profit increased...

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