Sumitomo Riko Co. Ltd. (TYO:5191) has recently begun accepting submissions for the company’s third Sumitomo Riko Student Essay Awards. The contest’s theme is innovation in the 21st century, and applicants are asked to write about their ideal company. A prize of 1 million yen ($8,708) will be awarded to the applicant with the best essay. Eligible to enter the contest...
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With Fukoku Bussan Co. Ltd. approaching the 70th anniversary of its founding this coming May, CEO and President Yoshie Kibe spoke recently on the rubber industrial product trading company’s aspirations moving forward. The last few decades has seen the company develop joint venture factories and sales offices in China, Indonesia and Thailand, Kibe said. Looking forward, she said, the company...
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Sumitomo Riko Co. Ltd. (TYO:5191) is establishing a new sales head office in Germany, as the company drives forward with its efforts to grow sales overseas. Set to be launched on Feb. 2, the new office will serve as the company’s second global automotive sales headquarters. With this move, Sumitomo Riko’s original sales head office will serve as the first...
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Sumitomo Riko Co. Ltd. (TYO:5191) will need to boost production in the U.S. if renegotiation of the North American Free Trade Agreement (NAFTA) following President Trump’s inauguration results in high tariffs, said Chairman and CEO Yoshiaki Nishimura. Speaking at a recent media gathering, Nishimura stated that the company will monitor developments involving NAFTA, tailoring investment and employment plans accordingly and...
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Sumitomo Riko Co. Ltd. (TYO:5191) has announced plans to establish a flexographic printing plate production site in Italy. The investment of 5 million euros ($5.22 million) in Turin province is part of the company’s efforts to develop the European market. With operations scheduled to start from beginning of 2018, the project is expected to contribute to achieve 14 million euros...
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Sumitomo Riko Co. Ltd. (TYO:5191) has reported that sales for the second quarter of the fiscal year ending March 2017 declined due to a negative impact of currency exchange rates caused by a strong yen. However, operating profit rose on the back of a sales volume increase mainly in North America, China and other Asian countries, positive effects of restructuring...
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