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Industry Brief(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, May 28 -- (Kyodo) _ ---------- Ricoh plans to stop production at major copier plant in Shizuoka TOKYO - Office machine maker Ricoh Co. is planning to terminate production at its Gotemba Works in Shizuoka Prefecture, one of its main factories for digital multitask copiers, in March 2013, company officials said Saturday. ---------- Renesas Electronics mulls shedding up to 14,000 jobs TOKYO - Struggling major semiconductor maker Renesas Electronics Corp. is considering trimming up to around 14,000 jobs, or around 30 percent of its entire workforce, while it is in talks to sell a factory in Japan to a Taiwanese company, sources familiar with the move said Saturday. ---------- Kirin Holdings to boost investment in S.E. Asia beverage market TOKYO - Kirin Holdings Co. President Senji Miyake has expressed readiness to boost its investment in the beverage business in Southeast Asia, a high-growth market, saying it will "steadily invest" in the region. ---------- Takeda to buy Brazilian drug maker Multilab OSAKA - Takeda Pharmaceutical Co. said Friday its Sao Paulo-based subsidiary has signed an agreement to acquire the Brazilian drug maker Multilab Industria e Comercio de Produtos Farmaceuticos Ltda. for 500 million real in a deal expected to be completed by the end of September. ---------- Mitsui Matsushima to ink mining rights deal with Australia's NuCoal TOKYO - Mitsui Matsushima Co. said Friday it has decided to sign a basic agreement, through a subsidiary, with NuCoal Resources Ltd. concerning mining rights at a New South Wales coal mine owned by the Australian firm, with output scheduled to start in 2015. ---------- Toyota Tsusho to gain stake in Singapore machine rental firm TOKYO - Toyota Tsusho Corp. said Friday it has agreed to acquire a 26.9 percent stake in the Singapore-based Sin Heng Heavy Machinery Ltd. to take part in the construction machinery rental business in Southeast Asia in view of growing demand for such a service in the region. ---------- Sumitomo to move ahead with 2nd phase petroleum project with Saudi Aramco TOKYO - Sumitomo Chemical Co. said Friday it has decided to move ahead with the second phase of a joint project with The Saudi Arabian Oil Co. at an integrated refinery and petrochemicals complex in Rabigh, Saudi Arabia, after confirming feasibility. ---------- (NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/) (c) 2012 Kyodo News International, Inc. |