Nihon Michelin Tire Co. Ltd. announced that it received the 2017 Good Design Award (G Mark) for the Agilis X-Ice commercial vehicle studless tire as chosen by the Japan Institute of Design Promotion. Michelin has been studying weather conditions in Japan for 35 years as part of continued studless tire development. The experience and proven results Michelin has cultivated over...
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Toyoda Gosei (TYO:7282) and its domestic and overseas group companies recently carried out a corporate social responsibility (CSR) activity around the globe, involving approximately 7,000 executives, employees and their family. The event, which has been held every year since 2012, aims to raise awareness toward service to society through group-wide volunteer work catered to local communities. This year’s domestic activities...
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Bridgestone Corp. (TYO:5108) Chairman and CEO Masaaki Tsuya has announced the tire manufacturer’s Mid-Term Management Plan (MTP) for 2017, with medium-term numerical targets largely unchanged from the MTP issued the previous year. The 2017 plan reiterates the 2016 MTP’s medium-term goals of a return on assets (ROA) of 6 percent, an operating profit rate of 10 percent, and a return...
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Nihon Michelin Tire Co. Ltd. recently revealed that Porsche AG’s 2018 911 GT2 RS sports car, equipped with Michelin’s new Pilot Sport Cup 2 tires, set a new lap record for street-legal sports cars at Germany’s Nurburgring-Nordschleife racetrack. With an average speed of 184.11 kilometers per hour, the car managed to complete a lap of the 20.6 kilometer track in...
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JFE Engineering Corp. recently announced that it has been awarded a contract for expansion work at Asahi Kasei Corp.’s (TYO:3407) plant in Singapore, which manufactures solution-polymerized styrene butadiene rubber (S-SBR). After receiving an order from Asahi Kasei, JFE Engineering began construction work to expand the facilities in July, and will complete the work by January 2019. With this expansion, production...
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Bridgestone Corp. (TYO:5108) recently announced that the company will invest a total of 266 million euros ($312.56 million) to boost the tire production capacity of its European subsidiary Bridgestone Europe NV/SA (BSEMEA). The move is aimed at increasing the supply of high-performance tires in Europe. Production will be bolstered at three of the company’s European locations. These are the Poznan...
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