Michelin Group is now in its 51st year after expanding its tire business to Japan in 1964. In addition, Nihon Michelin Tire Co. Ltd. has reached its 40th year since its establishment in Japan. Japan Michelin President Bernard Delmas, whose tenure as president spans 8 years, said about the present situation in the Japanese market, “Although Japan’s systems of distribution are...
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At a meeting with the board of directors held on Sept. 17, 2015, Toyo Tire & Rubber Co. Ltd. announced that the company had reached a 4.2 billion yen (approximately $35 million) settlement with automobile manufacturers who were seeking damages for alleged U.S. antitrust violations. Regarding U.S. antitrust violations concerning price adjustments by Toyo Tire & Rubber of automotive anti-vibration...
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Zeon Corp. has established a new company in Gurgaon, Haryana, India. It began business on Oct. 1, 2015 and is involved in importing, selling, and marketing. The new company is called Zeon India Private Limited (capital: 15 million Indian rupees). It is involved in the import, sale, and marketing of synthetic rubber and other Zeon group products. The establishment of...
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At a tire technology study meeting held for the media and analysts, The Yokohama Rubber Co. Ltd.’s Corporate Officer Masaki Noro said that “There is a slight global surplus of tires, and price competition is heating up. Yokohama Rubber will overcome this situation by cutting costs, of course, and we will also specialize and differentiate product performance.” To increase tire...
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Bridgestone Corp. has announced that the sales division of its group company Bridgestone Americas Tire Operations (BATO) is adding Firestone-branded agricultural rubber tracks to its current product portfolio. These Firestone-branded agricultural rubber tracks, the new addition to BATO’s product lineup, are for high-horsepower tractors and available in three tread-design options. The tracks come with a warranty program of four years...
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The new “Ceptor-X” high-load industrial power transmission belt will be available from Bando Chemical Industries Ltd. starting Nov. 1, 2015. The new product, the highest grade in the “Ceptor Series,” is a high-torque power transmission belt suitable for a variety of synchronous transmission applications in industrial machinery, such as medical equipment and robots, injection molding machines, pressing machines, printing machines...
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