Kinugawa Rubber Industrial Co. Ltd. Business Report FY2008
|Financial Overview||(in millions of JPY)|
|FY2008||FY2007||Rate of change
Recent Developments Overseas
-The Company will strengthen its operations in North America to win more orders from Japanese and Korean automakers' local plants. The Company has good prospects to win new orders this year from a Japanese or Korean manufacturer, in addition to Nissan Motor Co., Ltd, which is already one of the main users of its products. The Company is trying to make further developments with an aim to open a new plant in Mexico in 2010. The establishment of a new and cost-competitive plant in Mexico will allow the Company to meet needs for new rubber products at the time automakers' new models launch. (From an article in the Nikkan Jidosha Shimbun on Sep.3, 2008)
|R&D Expenditure||(in millions of JPY)|
The Company's R&D spending is focused on the following developments:
-The Company is working to develop products that meet the current and expected customer demand for high performance, high quality, and high value-added features, especially focusing on the development of environmentally friendly elastomer material and processing technology.
-The Company is working on conducting research and development activities through a collaboration of industry, government, and academia in cooperation with research institutions including universities, in preparation for entry into new business areas.
-Development of materials and a new cross section structure with an aim to reduce a number of attachments. Development of weather strip seals with higher price competitiveness.
-Expansion of application of lighter sealing parts made of low specific gravity rubber for auto bodies.
-Expansion of application of combining interior components with more attractive design.
-Expansion of application of TPV G/RUN made of high-function elastomer with higher recycling efficiency.
-Development of ultra-hard products that are aimed at improving the durability of brake cups exposed to high hydraulic pressure.
-Cost reduction based on newly-developed production methods.
Technological Licensing Agreements (As of March 2009)
|Faltec Co., Ltd.||Japan||Window moldings and their manufacturing methods||From 2000.04.01 until the production terminates.|
Technical Assistance Contracts (As of March 2009)
|Metzeler||UK||Manufacturing technology for automotive weather-strips||From 1988.11.25,
until production terminates.
|Renault Samsung Mortors||Korea||Technical assistant agreement for sealing products for automobile bodies.||From 2003.03.01,
until production terminates.
|Investment Expenditure||(in millions of JPY)|
|Overall||Approx. 2,200||Approx. 1,700||Approx. 2,300|
|Body parts||Approx. 1,100||Approx. 700||Approx. 1,600|
|Antivibration parts||Approx. 400||Approx. 400||Approx. 200|
|Brake parts||Approx. 300||Approx. 300||Approx. 300|
-Investment was focused on streamlining operations and revamping production lines in order to respond to model changes made by its customers.
Plans for Construction of New Facilities
|Company/Office Name||Location||Purpose||Planned amount of investment
( in millions of JPY )
|Kinugawa Koriyama Co., Ltd.||Fukushima Pref., Japan||Manufacturing facilities||62||Apr. 2009||Mar. 2010||*|
|Kinugawa Oita Co., Ltd.||Oita Pref., Japan||Manufacturing facilities||40||Apr. 2009||Mar. 2010||*|
|Kinugawa Antivibration Co., Ltd.||Tochigi Pref., Japan||Manufacturing facilities||64||Apr. 2009||Mar. 2010||*|
|Teito Rubber Ltd. Headquarter Plant||Saitama Pref., Japan||Manufacturing facilities||71||Apr. 2009||Mar. 2010||*|
|Kinugawa (Thailand) Co., Ltd.||Ayutthaya, Thailand||Manufacturing facilities||222||Jan. 2009||Dec. 2009||*|