Industry

Japanese Tire Companies Boost Production Capacity in North America

Japanese tire companies are reaping higher profits in the North American market with the help of a livelier U.S. economy. That help is coming in the form of strong sales of large vehicles in the U.S. that is creating major demand for large tires fitted onto pickup trucks and SUVs. Bridgestone Corp. (TYO:5108) has responded to this demand by announcing...

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Japan’s 2015 Rubber Goods Exports Down 4%, Imports Up 8%

The Japan Rubber Manufacturers Association (JRMA) released a compilation of full-year figures for 2015 showing that exports of rubber goods fell by 4 percent year-on-year to 977 billion yen ($8.78 billion). The poorer performance compared to the previous year was despite the weak yen. Meanwhile, exports rose for the sixth year in a row, increasing 8 percent year-on-year to 428.9...

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Yokohama Rubber to Expand Overseas Fuel-Efficient Tire Business

Hikomitsu Noji, president of Yokohama Rubber Co. Ltd. (TYO:5101), recently spoke with the Japan Rubber Weekly about the direction of the tire and non-tire businesses under the company’s current medium-term management plan. Noji said his company will concentrate on leveraging its advanced technological prowess based on three pillars: (1) focus on the global OE market; (2) achieve a stronger presence...

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Sumitomo Riko CEO Nishimura Comments on Recent Developments

Yoshiaki Nishimura, Chairman of the Board and CEO of Sumitomo Riko Co. Ltd. (TYO:5191), recently commented on the current state of the company’s business growth and transformation into a global firm. In 2013, Sumitomo Riko carried out four M&A deals, giving the company the largest share in the global market for automotive anti-vibration rubber. That share is projected to be...

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Yokohama Rubber to Increase Production of Passenger Car Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is increasing production of high-performance passenger car tires (18-plus inches in diameter) at its Shinshiro Plant, Aichi Prefecture. The company will commence construction on a new line this May and, with a launch planned for June 2017, is in position to have full production possible by April 2018. With an investment of 3.7 billion yen ($32.76...

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Totaku Industries to Build New Factory in Japan

Major resin hose and pipe maker Totaku Industries Inc. plans to build a new factory in Oyama, Tochigi prefecture as it moves to strengthen its production and sales effort in the eastern Japan region. Slated to begin by late 2017, construction of the new factory will be located in Oyama’s No. 4 Industrial Zone. The facility, with 14,000 square meters...

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