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 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 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 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 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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Nitta Corp. (TYO:5186) held a factory completion ceremony on Feb. 20 at Nitta Corporation (Thailand) Ltd. (NCT), the company’s Thai hose and tube production base. The ceremony was attended by over 80 people, including Thai government officials and customers. Nitta President Motonobu Nitta gave opening remarks, saying that the company is looking to contribute to Thailand’s development, as well as...
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