Sumitomo Rubber Issues Statement on Kobe Steel Scandal, Impact on Products

Sumitomo Rubber Industries Ltd. (TYO:5110) has issued an announcement concerning the impact on its products as a result of the falsification of data by Kobe Steel Ltd. (TYO:5406). Sumitomo Rubber said that it does not purchase any parts directly from Kobe Steel, but it has discovered that the steel cord and bead wire used in its tires contain material from…

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