Tsubakimoto Expects Record Auto-Parts Sales on Carmakers Rebound
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Tsubakimoto Chain Co., a supplier of power-transmission equipment to Toyota Motor Corp., expects record fiscal 2012 sales from its automotive-parts division as carmakers recover from the record earthquake in Japan last year.
Sales at the division may reach 50 billion yen ($651 million) in the 12 months ending March 2013, Toru Fujiwara, who heads the unit, said in an interview in Osaka. The company forecasts auto-component sales of 43 billion yen for the 2011 fiscal year.