sumitomo riko

Japan Rubber Workers Union Confederation Negotiates 1,010 Yen Pay Scale Increase

The settlement results for labor force wages and annual bonuses have started to come out from the “spring offensive” negotiations in Japan. The Japanese Rubber Workers Union Confederation is comprised of 58 member unions. Forty-eight of those put forth wage demands to the companies of the unions’ respective labor forces, from which 20 unions have reached conclusions. Regarding annual bonuses, 45...

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Sumitomo Riko’s Hose Business Division Expecting Near Double-Digit Growth

Using demand through March 2015 as a baseline, Sumitomo Riko Co. Ltd. (TYO:5191) is, on a consolidated basis, anticipating close to double-digit revenue growth for 2016 with its industrial hose business. Going forward, this will be backed by overseas markets. Sumitomo Riko already has production bases in China and India, and it is expanding also into other regions, with particular...

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Japan’s Rubber Unions Scale Back Spring Offensive Wage Demands

The Japanese Rubber Workers Union Confederation (JRWUC) has largely completed its spring labor offensive, and unions have submitted wage demands at most large rubber manufacturers. According to the JRWUC, 45 out of 58 unions have submitted their wage demands, and despite discrepancies between sectors such as tires, automobile parts, and industrial goods, wage increase demands are trending downward from the...

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Sumitomo Riko Establishes New Manufacturing Base in Poland

Sumitomo Riko Co. Ltd. (TYO:5191) has established in Poland a new company, SumiRiko Automotive Hose Poland Sp. z o. o. (SRK-HP), for the manufacturing and distribution of automotive hoses. The new company represents an investment of 10 million euro ($11 million). Located in the city of Sosnowiec, the company will commence operations in October of this year. Sumitomo Riko already...

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Sumitomo Riko CEO Nishimura Comments on Recent Developments

Yoshiaki Nishimura, Chairman of the Board and CEO of Sumitomo Riko Co. Ltd. (TYO:5191), recently commented on the current state of the company’s business growth and transformation into a global firm. In 2013, Sumitomo Riko carried out four M&A deals, giving the company the largest share in the global market for automotive anti-vibration rubber. That share is projected to be...

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Smart Rubber Touch Sensors Now With Practical Applications in CPR Training – Sumitomo Riko

Sumitomo Riko Co. Ltd. (TYO:5191) has developed a cardiac compression training sensor system that makes use of the company’s all-rubber “Smart Rubber” (SR) touch sensors. Set inside a dummy’s chest for cardiopulmonary resuscitation (CPR) training, the system is a unit composed of a sensor sheet together with computer software and a controller. The system detects the position, depth, force and...

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