Companies

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Air bag recall

Takata could run short of parts for replacements

TOKYO -- Japanese air bag maker Takata might not have enough replacement bags for an expanded recall the U.S. government has just ordered. The company had resisted previous calls to expand its recall beyond regions with "high absolute humidity," ...

  • Teijin capital spending

    Investment to focus on high-performance fibers

    TOKYO -- Teijin will invest 20 billion yen ($168 million) over five years to lift output of high-performance fibers and start manufacturing such high-value-added products as filters. The Japanese company plans to ramp up capacity for high-strengt...

  • Cost cutting

    Omron to consolidate Chinese trade settlements

    SHANGHAI -- Japanese automation component maker Omron is consolidating trade settlements at its subsidiaries in China to cut down on administrative costs and money transfer fees. The company has 20 Chinese subsidiaries, which had been settling th...

  • GIC invests in Indonesia

    Singaporean sovereign wealth fund backs Rajawali

    SINGAPORE -- Buoyed by the prospect of economic reforms under the new government that are expected to tap long-term growth potential, the Singaporean sovereign wealth fund GIC is partnering Indonesia's Rajawali Group on property projects. With a ...

  • Tokopedia expansion

    Online retailer to build 'Silicon Valley' in Indonesia

    JAKARTA -- Tokopedia, the leading online retailer in Indonesia, plans a corporate headquarters like Google's in Silicon Valley, and to boost its workforce six fold, after raising $100 million in October from a group of investors that includes Japan's...

  • Big pharma

    Takeda takes a hit in US diabetes drug suit

    TOKYO -- A U.S. district court in Louisiana ruled against Takeda Pharmaceutical in late October in a lawsuit over liability for its diabetes drug Actos. The judgement means a heavy damage payment for the major Japanese drugmaker. The case undersc...

  • Formosa Plastics Group

    Taiwan conglomerate's co-founder Wang Yung-tsai dies

    TAIPEI -- Leading global chemicals producer Formosa Plastic Group said Thursday co-founder Wang Yung-tsai has died of old age. Wang died at his home on Thursday, the company said. He was 92. Born into a poor tea farmer's family, Wang and his la...

  • GMR vs. Maldives

    Indian construction major seeks $803M over scrapped airport deal

    NEW DELHI -- Indian developer GMR Infrastructure is claiming $803 million in damages from the Maldivian government for "wrongful repudiation" of an agreement to develop Male International Airport after the project was re-awarded to a company from Chi...

  • U.S. regulator orders national Takata driver-side air bag recall

    DETROIT (Reuters) -- The U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave Ta...

  • Auto safety tech

    Toyota to make automatic brakes available for all models

    NAGOYA -- Toyota Motor said Wednesday that it will offer automatic braking systems for almost all the cars it sells in Japan, the U.S. and Europe, part of an all-out effort to catch up to rivals in crash prevention technologies. Senior Managing O...

  • Demand for cardboard

    Oji Holdings building new plants in Vietnam, Myanmar

    CHRISTCHURCH, New Zealand -- Oji Holdings is building new cardboard plants in Vietnam and Myanmar to tap the growing demand for packaging materials in Southeast Asia, Chairman Kazuhisa Shinoda revealed during his trip here. The Japanese paper mak...

  • Toshiba R&D

    Bringing power chips, white LEDs under one roof

    TOKYO -- Toshiba has decided to centralize its research and development activities on power semiconductors and white LEDs at a production subsidiary. Kaga Toshiba Electronics in Ishikawa Prefecture will become home to a new technology building in...

  • Sumitomo Metal Mining

    Japanese smelter's stock heats up on surprise earnings upgrade

    TOKYO -- Sumitomo Metal Mining's recent full-year earnings upgrade caught the attention of investors because, while external market forces factored into the upbeat outlook, the strong performance of its Philippine nickel mining and smelting operation...

  • LCDs in cars

    Japan Display aims for 30% of US market

    TOKYO -- Japan Display hopes its new technical support center in Detroit will help it gain a 30% share of the U.S. market for automotive LCD panels in 2018. A major U.S. automaker has already decided to adopt Japan Display's products, and the pan...

  • Investing in India

    Nippon Life to boost stake in Reliance Capital

    TOKYO -- Nippon Life Insurance said Wednesday it will increase its interest in India's Reliance Capital Asset Management to strengthen ties, and that the two companies will offer each other's products to retail customers. The Japanese insurer pla...

  • Kansai Electric to seek operation of 2 old reactors beyond 40 years

    OSAKA (Kyodo) -- Kansai Electric Power Co. said Wednesday it will seek to operate its two reactors at the Takahama nuclear plant beyond the operational limit of 40 years, despite public concerns over the safety of aging nuclear facilities in Japan. ...

  • Factory automation

    Tsuneishi Shipbuilding in research alliance with Carnegie Mellon University

    TOKYO -- Japan's Tsuneishi Shipbuilding and Carnegie Mellon University of the U.S. have agreed to cooperate in developing automation and energy-saving technologies. Engineers from the Hiroshima Prefecture-based company will visit the school in P...

  • Owning up

    Honda admits underreporting serious US auto accidents

    TOKYO -- Honda Motor has acknowledged that it failed to report 60% of serious car accidents in the U.S. over more than a decade stretching back to 2003, a revelation likely to intensify the chilly winds it is facing in that country. Already the s...

  • Lighter means greener

    Toyota embracing aluminum auto bodies to boost mileage

    NAGOYA -- Toyota Motor will use more aluminum instead of steel in the bodies of luxury automobiles starting in 2017 to reduce their weight, which translates to better mileage. The Japanese automaker will make the switch for the hoods, bumpers, do...

  • Malaysia's railways

    China jockeys for $48 billion in rail projects

    KUALA LUMPUR -- China is supplying six new trains to Malaysia with hopes of bigger deals to come as the Southeast Asian country expands its urban transportation system. Malaysia's Express Rail Link signed a sales agreement on Tuesday with Changch...