A subsidiary of world’s largest carbon-fiber supplier Toray Industries Inc falsified product data, the company said yesterday, making it the latest major Japanese firm to become embroiled in quality-control problems.
Toray Hybrid Cord had discovered 149 cases of falsifying data between 2008 and last year, the parent company said, but added it had so far found no safety concerns, or breach of any laws and regulations.
In final quality tests before shipments to 13 companies including tiremakers and auto parts makers, “we have unfairly rewritten some of the data” for products including cords for industrial use, it said in a statement.
“We deeply apologize for causing troubles and concerns,” Toray president Akihiro Nikkaku told reporters with a deep bow, a gesture commonly seen in news conferences of scandal-hit Japanese companies.
The news comes after some of the nation’s biggest firms admitted lapses in quality control.
Kobe Steel Ltd has said it falsified strength and quality data for a string of products shipped to hundreds of clients, from automakers to plane manufacturers.
Nissan Motor Co recalled 1.2 million vehicles after admitting last month that staff without proper authorization had conducted final inspections on some vehicles intended for the domestic market before they were shipped to dealers.
Subaru Corp also recalled nearly 400,000 vehicles after admitting that it also allowed uncertified staff to conduct vehicle inspections, while last week Mitsubishi Materials Corp said its subsidiaries falsified product data, sending its shares plunging more than 8 percent.
Toray, which supplies key parts to US aerospace titan Boeing Co and Fast Retailing Co, the operator of Japanese clothing giant Uniqlo, said it has not detected data falsifying problems with its main carbon-fiber business.
Toray shares fell more than 8 percent in early trade yesterday before recovering slightly.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure