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Toyoda Gosei to Keep Close Watch on NAFTA Renegotiations: President Miyazaki

Toyoda Gosei Co. Ltd. (TYO:7282) operates four plants in Mexico and is in the process of shifting production from plants in Canada and the U.S. to Mexico as part of the North American Free Trade Agreement (NAFTA) framework, particularly in relation to weatherstrip products. The company is moving forward with investments in a Mexico subsidiary to increase the production capacity...

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Sumitomo Riko to Invest in US If NAFTA Collapses: CEO Nishimura

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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