Toyo Tire & Rubber Co. Ltd. (TYO:5105) will expand its research and development capabilities at its Toyo Tire North America Manufacturing Inc. (TNA) facility located in White, GA, to strengthen its North American business. Scheduled for completion during 2017, the expansion will build on the product development capabilities and the resources and personnel at the existing TNA R&D department. Established...
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Sumitomo Rubber Industries Ltd. (TYO:5110) will increase its U.S. production capacity of passenger car and light truck tires from currently 5,000 tires to 10,000 per day by the end of 2019, said President and CEO Ikuji Ikeda during a recent interview with Japan Rubber Weekly. He added that this move aims at expanding sales of high value-added tires in the...
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Japan Rubber Weekly recently had the opportunity to talk with Japan Rubber Manufacturers Association (JRMA) Chairman Tadanobu Nagumo about the outlook for the Japanese rubber industry. Nagumo, who is also chairman and CEO of Yokohama Rubber Co. Ltd. (TYO:5101), said that as M&A activities progress globally, disparities between companies are becoming increasingly clear. Furthermore, the more innovation is progressing, the...
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Sitting down for an interview recently, Brigestone Corp. (TYO:5108) CEO Masaaki Tsuya reflected on what 2016 held for the Japanese tire manufacturer – and touched also on what the near future might have in store. Tsuya said that, in terms of innovation, last year saw Brigestone promoting the development of new materials such as tough polymer composites. It is part,...
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After 12 years, Nagase Kenko Co. Ltd. is updating the design of the first Japanese softball made with rubber. Based in Sumida Ward, Tokyo, the ball manufacturer is planning to launch the new product in December 2017 and has started preparing for production. According to the Japan Rubber Baseball Association and Japan Baseball Industry Association, the concept behind the new...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has reached an agreement with Graphite Capital Management LLP to acquire British tire distributor Micheldever Tyre Services Ltd. for 215 million pounds ($262 million). The acquisition aims at expanding the company’s tire business in Europe. Following the dissolution of its alliance with Goodyear Tire & Rubber Co. in October 2015, Sumitomo Rubber is using its...
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