Toyoda Gosei UK Ltd. (TGUK), a local subsidiary of Toyoda Gosei Co. Ltd. (TYO:7282), is planning to end its production operations. The company is currently looking to consult with employees regarding the proposed closure. With automakers continuing to scale back or close their production in the U.K., TGUK has determined that it cannot expect to achieve growth going forward. This...
Bridgestone Corp. (TYO:5108) is looking to improve a range of facilities at its Shimonoseki Plant, the company’s flagship production base for mining and construction vehicle tires. The investment here is set to total 10.2 billion yen ($93.64 million), with construction slated to begin in 2022 and be completed by the end of 2025. This project comes as part of Bridgestone’s...
Nihon Michelin Tire Co. Ltd. officially appointed Gen Sudo as its new president on April 1. The company then held an online press conference on April 14, attended by both Sudo and outgoing president Paul Perriniaux, to provide a debriefing on the new president’s inauguration. Speaking at the event, Perriniaux said he is grateful for the support he has received...
Sumitomo Rubber Industries Ltd. (TYO:5110) has launched Hibrid-Turf EXII, a new long-pile artificial turf product designed specifically for use in sports. The new product is the successor to the original Hibrid-Turf EX, which was launched in 2015 for use as a long-pile artificial turf in sports and has since been fitted across more than 500,000 square meters. The EXII offers...
Inaugurated as president of Toyoda Gosei Co. Ltd. (TYO:7282) last June, Toru Koyama stepped into the role amid a raft of major changes in the business environment – including COVID-19 as well as the accelerating trend in automotive electrification. Speaking recently with Japan Rubber Weekly, Koyama said for fiscal 2021 that he aims to see the company land a proper...
Sales revenue from Bridgestone Corp.’s (TYO:5108) domestic conveyor belt business fell slightly year-on-year for the first half of calendar 2020, the company has revealed. While conveyor belt sales to the iron and steel industry were largely unchanged from the previous year, those to more general users were down due to customers putting plans on hold amid COVID-19, causing the business’s...
