seals

NOK Gets Spark From Overseas Automotive Demand in Otherwise Difficult Q1

Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...

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Hiroshima Kasei to Build Automotive Seals Plant in Indonesia

Hiroshima Kasei Ltd. is moving ahead with the construction of a factory to make vehicle seals in Bandung, Indonesia. The decision is in response to Japanese vehicle manufacturers operating plants outside Japan. The venture in Indonesia will be the first time the company will directly manufacture vehicle seals outside Japan. The company has until now indirectly supplied vehicle manufacturing plants...

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