asia.nikkei.com

asia.nikkei.com
Share

asia.nikkei.com

 •  February 21

TOKYO -- Toray Industries aims to build new plants in India for making fibers and plastics used in products like diapers and cars, looking to supply companies selling everyday goods there amid rising standards of living, the company said Tuesday. The Japanese materials maker is apparently investing 15 billion yen ($139 million) in the effort, for...

asia.nikkei.com

 •  February 21

TOKYO -- Sumitomo Heavy Industries looks set to surpass its fiscal 2017 operating profit guidance by 7 billion yen ($65.3 million), fueled by growing investment in infrastructure and information technology that drove sales of construction and chipmaking equipment. Group operating profit is seen climbing 38% to about 67 billion yen for the year...

asia.nikkei.com

 •  February 14

NEW DELHI -- Indian auto component supplier Motherson Sumi Systems on Tuesday reported a 2.6% year-on-year rise in consolidated net profit for the quarter ending December, to 5.62 billion rupees ($87.5 million). The flagship company of Samvardhana Motherson Group said its operations generated nearly 144 billion rupees of total revenue for the third...

asia.nikkei.com

 •  December 28, 2017

HANOI -- Japan became Vietnam's biggest foreign direct investor in 2017, reclaiming the crown from South Korea after a three-year gap. Foreign direct investment in the Southeast Asian nation jumped 44.4% on the year to $35.8 billion, according to government statistics up to Dec. 20. Japanese investment more than tripled to a record $9.11 billion,...

asia.nikkei.com

 •  November 2, 2017

TOKYO -- Sumitomo Warehouse will spend roughly 4 billion yen ($35 million) to build three storage facilities in two Southeast Asian countries, hoping to capture demand from Japanese manufacturers stepping up operations in these markets. Thailand will house two of the complexes, with Singapore hosting one. The new warehouses will expand the Japanese...

asia.nikkei.com

 •  September 29, 2017

TOKYO -- Prices for ABS, a plastic used in cars and consumer electronics, are rising in Asia owing to robust demand from China, the world's largest automobile market. Asian spot ABS climbed to $2,040 per ton in late September, a 9% jump from the previous month and a 40% spike on the year. Shipments of body kits and other autoparts to China, which...

asia.nikkei.com

 •  July 21, 2017

TOKYO -- Chemical maker Asahi Kasei is expected to post a record operating profit for the April-June quarter on soaring sales of automotive plastics and firm prices of synthetic fiber materials. This would mark the company's first record profit for the quarter in two years. Operating profit likely rose 30% to around 38 billion yen ($340 million),...

asia.nikkei.com

 •  July 6, 2017

TOKYO -- Japanese materials giant Toray Industries' group operating profit likely declined 7% on the year to around 38 billion yen ($334 million) for the April-June quarter as the result of prolonged cuts in production for carbon fiber products employed in aircraft. Carbon fiber, particularly prepreg, had been a growth business for the company in...

asia.nikkei.com

 •  April 20, 2017

TOKYO -- Sumitomo Heavy Industries is likely to log a consolidated operating profit of around 52 billion yen ($477 million) for the current fiscal year, a 10% increase from expected profit for the year just ended, thanks to two acquisitions and greater demand for machinery in China. The fiscal 2017 figure would represent the highest operating...

asia.nikkei.com

 •  March 7, 2017

TOKYO -- Sumitomo Chemical intends to triple its manufacturing capacity for flexible touchscreens used in next-generation smartphone displays to over 100 million annually by the start of 2018. The Japanese company already dominates touchscreens for organic light-emitting diode displays in smartphones, supplying 60-70% of global demand. The...