Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it is supplying its Advan Sport V107 tires as OE for two new models from Mercedes–AMG GmbH: the Mercedes–AMG GLA 35 4Matic and the Mercedes–AMG GLA 45 4Matic+, both of which were launched this June. Jointly developed in conjunction with Mercedes–AMG, these tires feature the automaker’s MO1 mark of approval shown incorporated...
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Bridgestone Moves to Close Port Elizabeth Plant in South Africa
Bridgestone Corp. (TYO:5108) recently announced that it has proposed the closure of the Port Elizabeth plant operated by group company Bridgestone South Africa Pty. Ltd. (BSAF), and that it has begun discussions with relevant parties. Launched in 1936, the Port Elizabeth plant serves to manufacture bias tires. But with global tire demand shifting away from bias tires and toward radial...
Denka Sees Revenue, Profits Drop for Q1 as CR Sales Take Hit From Coronavirus
Denka Co. Ltd. (TYO:4061) has shown a drop to both revenue and profits in its recently posted business results for the April–June quarter of fiscal 2020. The company revealed sales revenue of 76.23 billion yen ($719.68 million) for this first quarter, down by 16.1 percent year-on-year; operating income of 4.4 billion yen, down by 34.8 percent; ordinary income of 5.01...
Sumitomo Riko to Transfer Two Anti-Vibration Rubber Subsidiaries
Sumitomo Riko Co. Ltd. (TYO:5191) has decided to transfer all shares in two consolidated French subsidiaries to Anvis Holding SAS, having voted on this at a board of directors meeting on July 31. These subsidiaries are SumiRiko Industry France SAS (SRK-INF), which produces and sells anti-vibration rubber products for railroads, and SumiRiko AVS France SAS (SRK-EPF), which produces and sells...
Sumitomo Rubber Sees Signs of Better Than Expected Recovery in Tire Business
While concerns are there for Sumitomo Rubber Industries Ltd.’s (TYO:5110) tire business over a potential second wave of COVID-19, it is currently seeing better than expected recovery. Speaking recently as part of a recent business results briefing for the first half of calendar 2020, President Satoru Yamamoto said that although Sumitomo Rubber’s tire business can expect to see some degree...
Yokohama Rubber Subsidiary Supplies Tires for Three Porsche Race Series in US
U.S.-based Yokohama Tire Corp. (YTC) is supplying Advan-branded tires for use in three racing series that Porsche AG is holding in the U.S. over the second half of this year. These will be used as control tires in the Porsche Sprint Trophy USA West, the Porsche Sprint Trophy USA West Invitational and the Porsche Air-Cooled Cup USA. Specifically, the Yokohama...
