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 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 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 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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Nitta Corp. (TYO:5186) plans to launch sales in September for a new series of heat-resistant pressure sensor sheets. The company sees these sheets as being used in measurement systems for surface pressure distribution. Made using a proprietary manufacturing method, the new sheets are able to function in high-temperature environments of up to 200 degrees Celsius. The series will be available...
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Nitta Corp. (TYO:5186) President Motonobu Nitta has revealed Phase 3 of his company’s V2020 medium- to long-term management plan. Starting in fiscal 2018, Phase 3 is set to cover a three-year span ending in fiscal 2020. By this point, the plan aims to achieve annual sales of 100 billion yen ($913 million), up from 72.9 billion yen in fiscal 2017,...
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