sumitomo riko

Sumitomo Riko Sees 28.6% Drop in Sales Revenue from Automotive Products

Sumitomo Riko Co. Ltd. (TYO:5191) recently released its financial results for the first half of fiscal 2020, revealing a decrease in both revenues and profits. On the whole, the company’s first-half results included sales revenue of 167.23 billion yen, down 27.1 percent year-on-year; a business loss of 7.54 billion yen, down from an business profit of 5.23 billion yen; and...

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Sumitomo Riko Engine Cover Adopted for Use in Toyota GR Yaris

A polyurethane-based engine cover from Sumitomo Riko Co. Ltd. (TYO:5191) has been chosen for use in the newly launched GR Yaris from Toyota Motor Corp. (TYO:7203). The GR Yaris is a compact car that takes the technologies Toyota has built up in the racing field and applies them to a mass-market offering. And to reduce the noise coming from the...

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Sumitomo Riko Starts up Production at New Indian Plant for Automotive Hoses

Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that Tokai Imperial Rubber India Pvt. Ltd. (TIR), a consolidated subsidiary for the production and sale of automotive hoses, has built and launched a new Indian plant. TIR was first established in India, the world’s second largest country by population, back in 2005. Since then, the Sumitomo Riko Group has grown its Indian...

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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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