seals

Sealing Giant NOK Announces 47.9B Yen Investment to Increase Production

NOK Corp. (TYO:7240) President Kiyoshi Doi recently commented on the solid performance of his company’s seal business for the fiscal year ended March 31, 2018. Orders have been higher than expected, he said, leaving the company operating at full capacity – and so, he continued, NOK will make major investments this fiscal year to expand its facilities. Doi explained that...

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Mitsubishi Cable: More Customers Could be Affected by Non-Conforming Items

Mitsubishi Cable Industries Ltd., a subsidiary of Mitsubishi Materials Corp. (TYO:5711), has found that more customers could be affected by the company’s recently shipped non-conforming seal materials. Over a two-and-a-half-year period spanning from April 1, 2015 to Sept. 30, 2017, the Japanese manufacturer shipped non-conforming seal materials for applications such as packing and gaskets. The failure has been attributed to...

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Seals, Electronic Components Drive Higher Income and Profit for NOK in First Half

NOK Corp. (TYO:7240) has released its results for the second quarter of fiscal 2017. The major oil seals manufacturer posted net sales of 357.04 billion yen ($3.14 billion), up 6.7 percent year-on-year; operating income of 20.1 billion yen, up 77 percent; ordinary income of 26.6 billion yen, up 175.7 percent; and quarterly net profit of 16.25 billion yen, up 246.1...

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Forbo Siegling Japan’s Belt and Seal Businesses Report Strong Sales for First Half

Forbo Siegling Japan Ltd.’s belt and seal businesses have posted solid sales for the first half (January–June) of 2017. The company’s belt business saw sales increase more than 5 percent year-over-year on the back of sales growth in the logistics and food industries. Sales for the logistics sector were particularly robust, backed by increased demand both from logistics centers that...

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Nippon Valqua Sees Sharp Jump in Earnings and Profits for Seal Products

Nippon Valqua Industries Ltd. (TYO:7995) is experiencing a good run with its seal business. Performance overall has also been good as of late for Nippon Valqua, as evidenced by the company’s results for the April–September quarter for the fiscal year ending March 31, 2018. The major seal manufacturer saw net sales in the second quarter of 23.28 billion yen ($204.65...

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Nishikawa Rubber CEO Discusses North America, Sealing Products

Nishikawa Rubber Co. Ltd. (TYO:5161), a large manufacturer of rubber parts for the automotive industry, inaugurated Yoshitomo Fukuoka as its new CEO three months ago. Unlike most in the automotive parts industry, Fukuoka’s prior work has been based around shipbuilding, and his switch between these highly divergent industries has drawn attention over recent months. Japan Rubber Weekly recently sat down...

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