Companies

Japan's Lixil teams up with Chinese realty company in housing R&D

TOKYO -- Lixil Group has partnered with Chinese real estate company Greenland Group on research and development in the housing field. The two companies plan to set up a research organization in Shanghai. Using Lixil's expertise, the organization ...

  • China's Xiaomi enjoying meteoric growth

    BEIJING/MUMBAI -- Called "the Apple of China" for its popularity among young consumers, smartphone maker Xiaomi has grown rapidly over its short life span, potentially reaching the equivalent of 1 trillion yen ($9.75 billion) in annual sales just fiv...

  • Mitsubishi to solicit investments for US fund

    TOKYO -- Trading house Mitsubishi will partner with a U.S. private equity firm that specializes in infrastructure-related investment, aiming to attract a combined 10 billion yen ($97.5 million) from small-lot investors in Japan. Mitsubishi will s...

  • Malaysia Airlines could be taken private by state-owned fund

    SINGAPORE -- Malaysian sovereign wealth fund Khazanah Nasional could buy all the stock in Malaysia Airlines and temporarily nationalize the carrier due to expectations of even weaker finances in the wake of the crash of one of its jetliners in Ukrain...

  • China Mobile's money set to improve Thai wireless carrier True's trajectory

    BANGKOK -- A massive investment by China Mobile appears to have Thai wireless carrier True poised for a return to profitability after three years of losing money. True, a telecommunications unit of conglomerate Charoen Pokphand Group, is the thir...

  • Li & Fung hopes brand business spinoff strengthens its trading empire

    HONG KONG -- Li & Fung, a leading supplier of consumer goods based in Hong Kong, has spun off its brand management unit and taken it public in the Chinese territory. Global Brands Group Holding, the newly listed entity, has licenses to hundreds o...

  • What does the future hold? Toyota tasks team of 12 with finding answers

    NAGOYA -- Predicting the future is hard. There was a time when few would have foreseen the rise of smartphones, cloud computing and 3-D printers. Businesses with strong powers of prognostication, however, can gain an edge over the long haul. Rec...

  • Taiwanese bicycle maker to step up pedaling in China

    TAIPEI -- One of Taiwan's leading bicycle manufacturers plans to open hundreds of new stores in China this fiscal year, seizing on growing demand for midrange models in the massive mainland market. Merida Industry's Chinese stores operate mainly ...

  • Sumitomo plans Saudi sales bases for construction machinery

    TOKYO -- Japanese trading house Sumitomo has set up a 50-50 joint venture in Saudi Arabia with the Abdul Latif Jameel group to market heavy construction equipment made by Komatsu. The venture will open eight offices in major Saudi cities by 2016,...

  • Nissan eyes producing some new minicars itself

    TOKYO -- Nissan Motor will start turning out minicars at its own facilities with the introduction of a new model, Nissan Chief Executive Officer Carlos Ghosn told The Nikkei on Monday. Nissan created a 50-50 joint venture with Mitsubishi Motors i...

  • Muji operator switches from Chinese to US wood for furniture

    TOKYO -- Ryohin Keikaku is switching from Chinese lumber to U.S. lumber for tables and other furniture, a move that will ensure stable supplies and quality while reducing costs 20%. Beginning in August, the retailer behind the Muji brand will swi...

  • SoftBank chief grabs 'right-hand man' from Google

    TOKYO -- Will Google's Nikesh Arora prove the canny tactician that SoftBank Chief Executive Officer Masayoshi Son wants to help pursue his expansionist ambitions? Son certainly seems to think so, saying Arora will become his "right-hand man" for ...

  • Takasago finds tasty market in Southeast Asia

    TOKYO -- Japan's largest flavor and fragrance company, Takasago International, is building a new production and research center in Singapore as it looks to capitalize on growing markets in Southeast Asia. Although overseas sales already account f...

  • JFE Engineering to double steel structural operations in Myanmar

    YANGON -- JFE Engineering plans to double production capacity at its Myanmar steel structure site in fiscal 2015, President Hisanori Kanou said Sunday at a ceremony at the Yangon location to celebrate the beginning of product shipments. Investmen...

  • Kobe Steel to boost output in Asia amid strong auto demand

    TOKYO -- Kobe Steel will raise wire production in Asia by about 10% as early as next year in response to moves by automakers to ramp up output in the region. The Japanese steelmaker plans to install equipment at Kobe Special Steel Wire Products i...

  • Nissan launches electric car test in China

    TOKYO -- Nissan Motor has launched a demonstration test of its 300 electric vehicles in three Chinese cities ahead of the release of the EVs in China this autumn. Nissan aims to catch up with its European rivals in the Chinese market, where worse...

  • Score one for China's Sany in dispute with Obama over wind projects

    BEIJING -- Chinese heavy machinery maker Sany Group's U.S. subsidiary has set a legal precedent that could have implications for other foreign-owned companies doing business stateside. The unit, Ralls, won a federal appeals court decision against...

  • Surging Indonesian labor costs nudge Nitori to make more furniture in Vietnam

    TOKYO -- Major Japanese furniture retailer Nitori Holdings is rejigging its production in Southeast Asia to reduce its reliance on ever-costlier Indonesian labor. Sources told The Nikkei on Saturday that Nitori will expand production in Vietnam b...

  • Toyota tweaking India strategy with slightly pricier compact

    NAGOYA -- Toyota Motor is adjusting its strategy for India's auto market. Unable to gain much traction with the budget Etios, the company has decided to introduce the Vios compact by 2017, aiming at middle-class drivers who can afford to choose a veh...

  • Downed plane puts Malaysia Airlines in even worse straits

    SINGAPORE -- The crash of a Malaysia Airlines jet over Ukraine on Thursday was a devastating blow to the company's already tenuous turnaround plans. The airline lost one jetliner under mysterious circumstances in March. Now there are worries that...