Mitsui Chemicals Inc. (TYO:4183) has announced that it will set up new production facilities for Milastomer, a thermoplastic olefin (TPO) elastomer, at its U.S. production base Advanced Composites Inc. in Ohio. The move will take an investment of approximately 1.5 billion yen ($14.24 million), and will establish facilities with an annual production capacity of 6,000 tons. Construction is slated to...
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Major industrial rubber manufacturer and marketer Kuriyama Holdings Corp. (TYO:3355) is getting strong business performance out of its operations across Asia and North America. Sales for fiscal 2017 have been going steady in Asia for Kuriyama’s urea SCR sensors and module tanks, which comply with emission regulations in the region on construction and agricultural machinery. In China, the company has...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced it will start producing automotive parts at the company’s Saga Plant, which discontinued production of LEDs at the end of September 2016. The company has invested around 3.5 billion yen ($31.07 million) to prepare the plant to produce automotive parts. Production is set to start in May 2018 for airbag inflators, as well...
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Bridgestone Corp.’s (TYO:5108) group company in India, Bridgestone India Pvt. Ltd., has announced that it will shore up production capacity at its Pune and Indore plants for passenger car radial tires. Bridgestone India will invest $304.3 million in a phased manner over the next five years. The investment is expected to increase the combined daily production capacity of the two...
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Sanin Asics Industry Corp., a wholly owned subsidiary of Asics Corp. (TYO:7936), has completed its construction of a new factory building as well as its renovation of existing buildings. Located on 17,312 square meters of land, the plant has a total floor area of 10,095 square meters. Sanin Asics mainly manufactures sports shoes, fashion sneakers, walking shoes and work shoes...
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Toyo Tire and Rubber Co. Ltd. (TYO:5105) said that tire production volume at its automobile tire manufacturing subsidiary in Malaysia has exceeded a total of 10 million units. Toyo Tyre Malaysia Sdn Bhd functions as a global hub for supplying not just Southeast Asia, but also others market segments, including Europe, Japan and North America. The subsidiary was established in Malaysia’s...
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