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Kyodo Industry Brief (Feb. 15) -1-
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Feb. 15 -- (Kyodo) _ ---------- Toyota Boshoku develops engine part with kenaf fiber
NAGOYA - Toyota Boshoku Corp., affiliated with Toyota Motor Corp., said Tuesday it has developed an engine filter using fiber from kenaf, a plant it says helps reduce component weight as well as cuts carbon dioxide emissions because of its gas absorption capacity.
---------- Onkyo to set up jointly owned company in China
OSAKA - Audio equipment makers Onkyo Corp. of Japan and GuoGuang Electric Co. of China plan to set up a company in June in Guangzhou, China, to step up production and sale of speakers and other audio system devices in China, Onkyo said Tuesday.
---------- Ogaki Kyoritsu Bank ties up with Japan arm of Alibaba
GIFU, Japan - Ogaki Kyoritsu Bank, a commercial bank in Gifu Prefecture, said Tuesday it has reached an agreement with the Japanese arm of China's Alibaba Group to help the bank's client businesses reach out to global markets through Alibaba's major Internet site designed to promote business-to-business commerce.
---------- Toyota remains best global brand among Japan firms
TOKYO - Toyota Motor Corp. retained first place in Japan's Best Global Brands 2012 rankings for the fourth consecutive year, U.S. consulting firm Interbrand Corp. said Tuesday.
---------- Showa Shell faces decision on cutting Iranian oil
TOKYO - Showa Shell Sekiyu K.K., the largest Japanese importer of oil from Iran, said Tuesday it will decide on whether to cut oil imports from Iran after seeing the outcome of bilateral talks between Japan and the United States.
---------- Elpida warns of 'grave uncertainty' about continuing in business
TOKYO - Struggling Japanese chipmaker Elpida Memory Inc. said Tuesday it faces "grave uncertainty" about remaining in business, citing slower-than-expected progress in talks with the parties involved in its rehabilitation plan.
---------- Rakuten eyeing market advances into 2 or 3 more nations: Mikitani
SENDAI - Rakuten Inc. plans to start its online shopping mall business in two or three countries in 2012 in addition to the nine foreign nations it is already operating in, Hiroshi Mikitani, president of the Tokyo-based company, said Tuesday.
---------- Bill counting machine maker Glory to acquire Britain's Talaris
OSAKA - Money counting machine maker Glory Ltd. said Tuesday it is acquiring Talaris Topco Ltd., a British maker of money handling machines, with an eye to expanding its presence in Europe and the United States.
(c) 2012 Kyodo News International, Inc.
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