Toyo Tire Corp. (TYO:5105) announced on Nov. 28 that it intends to sell off half of the stock that it holds in Bridgestone Corp. (TYO:5108), a company with which Toyo Tires has business and capital partnerships. Back in 2008, the two companies formed a capital partnership to help establish a strong relationship of trust. And now, Toyo Tires says, this...
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Achilles Develops New Rigid Polyurethane Foam for Use on Curved Surfaces
Achilles Corp. (TYO:5142) has developed, patented and launched the Achilles Board CV, a new high-performance heat insulation material that is compatible with curved surfaces. The new offering is the first among Achilles’ lineup of rigid polyurethane foam materials for heat insulation to have this capability. While conventional foamed plastic boards for heat insulation provide high strength, they are difficult to...
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Mitsuboshi Belting Posts 37.2B Yen in Sales for First Half
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for the first half of fiscal 2019, revealing increased sales and decreased profits. The company’s sales rose 1.2 percent year-on-year to 37.2 billion yen ($340.04 million), with operating profit down 6.8 percent to 4.4 billion yen, ordinary profit down 17.6 percent to 4.33 billion yen and net profit down 13.2 percent...
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Toyo Tires Set to Appear at Essen Motor Show
Toyo Tire Corp. (TYO:5105) recently announced that European sales subsidiary Toyo Tire Europe GmbH will be setting up a booth at this year’s Essen Motor Show, which is set to be held over Nov. 29 – Dec. 8. The booth will feature a number of different cars, helping Toyo Tires to show its company philosophy to the world. This will...
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Bridgestone Supplies OE Tires for Kawasaki Ninja 1000SX
Bridgestone Corp. (TYO:5108) recently announced that its Battlax Hypersport S22 tires have been selected as original equipment for the 2020 Kawasaki Ninja 1000SX, a sport tourer motorcycle released this month by Kawasaki Heavy Industries Ltd. (TYO:7012). In addition to impressive dry grip and light handling, the Battlax Hypersport S22 provides excellent wet performance. This allows the tire to give riders...
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Yokohama Rubber Falls Short of Projected Sales in Retread Business Amid Shortage of Tire Casings
Yokohama Tire Retread Co. Ltd. (YTR) has managed to achieve year-on-year sales growth for this January–September, due in part to customers looking to get in before Japan increased its consumption tax rate in October. However, these results still fall short of the forecasts that YTR had for the January–September period. One of the main factors here has been a shortage...
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