Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has developed a new energy harvester device that can be attached to the inside of a tire to generate power via static electricity from the tire’s rotation. This development came about as part of a joint project with Kansai University. By optimizing structures and materials for this frictional power generation, Sumitomo...
Toyo Tire Corp. (TYO:5105) has announced that this May it will be launching the Miyagi Beautiful View Project, an initiative aimed at showing the appeal of Japan’s Miyagi Prefecture and encouraging people to take car-based sightseeing trips to there. Miyagi Prefecture is also home to Toyo Tires’ Sendai Plant, a major base located in the city of Iwanuma. The company...
Shin-Etsu Chemical Co. Ltd. (TYO:4063) recently announced that it is planning to increase the price of all of its silicone products. This price hike will come into effect starting with shipments made in April, and will see prices rise by 10–20 percent. Commenting on the price increase, Shin-Etsu Chemical noted how the cost of silicon metal – the main raw...
Yokohama Rubber Co. Ltd. (TYO:5101), Alps Alpine Co. Ltd. and Zenrin Co. Ltd. (TYO:9474) are carrying out pilot testing that uses “IoT tires” fitted with a road surface sensing system to acquire data that can then be connected up with map data. The companies have started to look into putting this to use for a new tire business. By analyzing...
Yokohama Rubber Co. Ltd. (TYO:5101) announced on Feb. 19 that it intends to dissolve and liquidate Yokohama Industrial Products Italy S.r.l., an Italian subsidiary focused on the production and sale of marine hoses. The Japanese parent company has already sold Yokohama Industrial Products Italy’s tangible fixed assets to a third party, with the transfer of these assets having been completed...
Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31 following the completion of liquidation procedures. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also...
