AVS Business Unit Europe

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The third birth

Steinau, 1 October 2014. The Tokai Rubber Industries change of name to Sumitomo Riko comes into force today. “The Sumitomo name is synonymous worldwide with innovation and quality,” said Mitsuru Watanabe, Vice President of Sumitomo Riko. Tetsu Matsui, Senior Managing Executive Officer Director, regards the change of name as the “third birth of the company” since it was established in 1929: “The takeover of Anvis and DyTech last year marks the start of a new era.” Sumitomo Riko is the global market leader in vibration control components and anti-vibration systems and is keen to further consolidate this position. The group aims to increase its turnover from over €3.3 billion today to in excess of €7 billion by 2020. With 13 locations around the world and as a fully owned subsidiary of the company, the Anvis Group is contributing to this growth and plans to double current turnover to over €600 million. “As part of our global company development strategy, we are making huge investments in increasing capacities and modernising existing production sites,” said Olaf Hahn, CEO of the Anvis Group.

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1929 marked the birth of Sumitomo Riko. At the time, the company was known as Kamata Belt and initially specialised in the production of conveyor belts. In 1937, the name was changed to Tokai Rubber Industries. “This was the second birth of our company,” said Tetsu Matsui. “We developed rubber products for industrial use as well as high pressure hoses.”

Using its decades of experience in the processing and mixing of rubber, the company entered the automotive market with its anti-vibration systems in 1954. In the years that followed, it gradually built up its expertise in the decoupling of metal parts to reduce noise and vibration. The company also expanded into “ICT”, “infrastructure”, “living environment”, “medicine/care and health” as well as “environment and energy”.

“By taking over the Anvis Group and the Italian company DyTech fluid technologies in 2013, we took a decisive strategic step which essentially resulted in the third birth of the company,” said Matsui. The change of name to Sumitomo Riko now completes this process. “The combination of words is made up of the globally known and trusted brand of the principal shareholder “Sumitomo” Electric Industries Ltd. and the Japanese word for physics, chemistry and technology “Riko”, which reflects the core areas of the service portfolio.”

Olaf Hahn too regards the name change as “the green light for expansion”. For example, a new head office is currently being built in Steinau. “We are also increasing our global workforce and production capacities.” The basis for this is the “Vision 2020” agreed on a group-wide basis. The aim of this is to further consolidate the company’s position as the world market leader for anti-vibration systems and continuously optimise its production processes.

About the Anvis Group

Whether engine, gearbox and chassis mounts, or exhaust suspensions and vibration dampers, Anvis components are installed in all parts of automobiles. Its main focus is the development of anti-vibration systems, i.e. systems to decouple vibrating parts in vehicles. The group achieves a turnover of over €300 million at its 13 sites around the world. Its customers mainly include leading automobile manufacturers such as the VW Group, BMW, Mercedes, Renault-Nissan or General Motors. The company also has expertise in other industries such as the rail and aviation industry. In 2013, the Anvis Group was taken over in full by Sumitomo Riko Company Limited (formerly Tokai Rubber Industries). Tokai is the global market leader in the automotive vibration technology sector.

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Issuer:
Anvis Deutschland GmbH
Karl-Winnacker-Str. 22a
36396 Steinau an der Straße
www.anvisgroup.com

Press contact:
Guido Stanovsky
Phone: +49 6663 9128-121
Fax: +49 6663 9128-4121
Mobile: +49 151 1881 0714
E-mail: presse(at)anvisgroup.com