sumitomo riko

Sumitomo Riko Backs UNGC Statement for Global Business Cooperation

Sumitomo Riko Co. Ltd. (TYO:5191) has endorsed and signed on to the Statement from Business Leaders for Renewed Global Cooperation, an initiative under the UN Global Compact (UNGC). Signed by 1,294 major company heads, this statement was presented to the UN Secretary General at this year’s Private Sector Forum, which was held on Sept. 21 during the UN General Assembly...

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Sumitomo Riko to Establish Second Vietnamese Base for Automotive Hose Production

Sumitomo Riko Co. Ltd. (TYO:5191) is planning to open a new production and sales subsidiary for automotive hoses in Vietnam. This will be the company’s second Vietnamese base for the manufacture of automotive hoses. Set to be named SumiRiko Vietnam Co. Ltd., the new subsidiary will be capitalized at 113.1 billion Vietnamese dong ($4.85 million) and wholly owned by Sumitomo...

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Sumitomo Riko Eyes Launch for New Microfluidic Device Developed With Lilac Pharma

Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that it has jointly developed a new microfluidic device in conjunction with Lilac Pharma Inc., a pharmaceutical venture from Hokkaido University. Plans are to begin pre-orders this winter for the new device, which is used to manufacture lipid nanoparticles. The microfluidic device consists of two primary components: a microfluidic chip for creating the...

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Sumitomo Riko to Establish Second Vietnamese Base for Automotive Hose Production

Sumitomo Riko Co. Ltd. (TYO:5191) is planning to open a new production and sales subsidiary for automotive hoses in Vietnam. This will be the company’s second Vietnamese base for the manufacture of automotive hoses. Set to be named SumiRiko Vietnam Co. Ltd., the new subsidiary will be capitalized at 113.1 billion Vietnamese dong ($4.85 million) and wholly owned by Sumitomo...

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Sumitomo Riko to Transfer Two Anti-Vibration Rubber Subsidiaries

Sumitomo Riko Co. Ltd. (TYO:5191) has decided to transfer all shares in two consolidated French subsidiaries to Anvis Holding SAS, having voted on this at a board of directors meeting on July 31. These subsidiaries are SumiRiko Industry France SAS (SRK-INF), which produces and sells anti-vibration rubber products for railroads, and SumiRiko AVS France SAS (SRK-EPF), which produces and sells...

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Sumitomo Riko’s Q1 Results Reveal Major Revenue Drop Due to COVID-19

Sumitomo Riko Co. Ltd. (TYO:5191) has revealed major downward trends in its business results for the first quarter of fiscal 2020. The company posted sales revenue of 65.38 billion yen ($620.49 million) for the quarter, down by 43.4 percent; an operating loss of 8.04 billion yen, down from a profit of 2.04 billion yen; and a net loss of 7.38...

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