Sumitomo Rubber recently announced that it has invested into TripodWorks, an IoT solutions company. This comes as the tire manufacturer looks to bring about a business that employs Sensing Core, a proprietary sensing technology based on Sumitomo Rubber’s existing technology for analyzing the speed at which a vehicle’s wheels are moving. Specifically, the aim of the investment is to leverage...
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Bridgestone’s Vision for 2030 – Part 2
This article follows part 1 in a series of 2 on Bridgestone’s Vision for 2030. In the premium tire business, Bridgestone is set to expand its innovative Enliten tire base technology and Mastercore tires for construction and mining vehicles, which contribute to higher productivity in mines. Here, the company aims to create new premium products from 2024 onward, and by...
Bridgestone’s Vision for 2030 – Part 1
Bridgestone aims to achieve sales revenue of 5.3 trillion yen ($37.8 billion) and adjusted operating income of 820 billion yen by 2030. By that time, it wants to attain global levels in all of its management indicators, CEO Shuichi Ishibashi said when presenting the company’s 2030 long-term strategic aspirations on August 31. In addition to revenue and operating income, the...
Bridgestone Steps up Investment in Guayule-derived Natural Rubber
Bridgestone Americas will step up investment in its guayule plantation in Arizona to ensure a sustainable supply of natural rubber, a raw material for tires. This investment is aimed at the commercialization of guayule-derived natural rubber by 2026, and is expected to amount to approximately US$40 million by 2025. The company will also work with local farmers and Native Americans...
Mitsui Chemicals Invests in Apeiron Bioenergy
Mitsui Chemicals has in June this year invested in Apeiron AgroCommodities, which is also known under the brand of Apeiron Bioenergy, one of the largest collectors and marketers of waste cooking oil in Southeast Asia and China. Waste cooking oil is a raw material for biomass chemicals and plastics. With this investment, Mitsui Chemicals will expand procurement of biomass feedstock...
Yokohama Rubber Begins Production of Off-Highway Tires at New Indian Plant
Yokohama Rubber has begun production at a newly built plant in Visakhapatnam, Andhra Pradesh, India. The move comes as part of a broader plan to boost the production capacity of Yokohama Off-Highway Tires (YOHT), a subsidiary focused on producing off-highway tires (OHTs) for the likes of agricultural machinery. Initial plans were to open this new plant in the first quarter...
