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Bridgestone’s Chemicals and Diversified Products Businesses Raise Profitability in First Quarter

on May 24, 2023 in Products, Tires

Bridgestone’s Chemicals & Diversified Products business achieved higher revenues in the first quarter (January-March) of fiscal 2023. In particular, the chemical products business, whose profitability has steadily been improving, and the diversified business in the Americas (pneumatic springs), which is expected to expand into EVs, are showing positive results. The key is seen to be rubber technology, which the company...

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Toyo Tires Posts First Quarter Results, Sales up 26.9%

on May 16, 2023 in Tires

Toyo Tires reported net sales of 129.16 billion yen ($950.06 million), up 26.9% year-on-year, for the first quarter (January-March) of the fiscal year ending December 2023. Operating income was 14.57 billion yen, down 9.9%, ordinary income 15.81 billion yen, down 23.0%, and net income of 10.88 billion yen, down 38.8%. Net sales reached a record high for the first quarter....

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Bridgestone Achieves 100% Switch to Renewable Energy for Purchased Electricity at Six Plants

on May 11, 2023 in Tires

Bridgestone has switched all purchased electricity used at its six Japanese tire and raw materials plants to renewable energy. In addition, two chemical plants (Seki and Kumamoto) have also begun switching and will continue to systematically expand the use of renewable energy in the future. The company said in 2021 that it aims to achieve 100% renewable energy at its...

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Yokohama Rubber to Conduct Demonstration Test of Tire Air Pressure Remote Access System on EV Buses

on May 9, 2023 in Industry, Tires

Yokohama Rubber, in cooperation with Kanagawa Chuo Kotsu (Kanagawa Central Transportation Company), began a demonstration test of its tire pressure sensor and tire air pressure remote access system (TPRS) on EV buses in March. The experiment uses EV buses operated by Kanagawa Chuo Kotsu in Hiratsuka City. Yokohama Rubber offers tire solution services for transportation companies, including the HiTES tire...

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Goodyear Selected as Exclusive Tire Manufacturer for New Lancia EV

on May 8, 2023 in Tires

Goodyear has been selected as the manufacturer to develop tires exclusively for Lancia’s latest concept car, the Lancia Pu+Ra HPE. The Lancia Pu+Ra HPE is the first concept car that is 100% electric, embodying the Lancia brand vision for a new era in terms of design, interior comfort, sustainability, electrification, and technology. Goodyear developed a unique concept tire for this...

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Sumitomo Rubber Increases Ratio of Sustainable Raw Materials in Tires

on May 2, 2023 in Tires

Many efforts are underway in various industries to become carbon neutral by 2050. The tire industry is no exception, and one of these efforts is the use of sustainable raw materials. In its long-term sustainability policy, “Hazumo Mirai Challenge 2050,” Sumitomo Rubber has set a goal of reducing CO2 emissions throughout the entire supply chain and increasing the ratio of...

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