The competition over studless winter tire sales has gotten properly under way for another year. Even as they acknowledge the market’s unpredictability amid the continued pandemic, each tire manufacturer here is aiming to boost sales by expanding their SUV-related product lineups, as well as by making the most of the lessons they learned from pursuing sales in the midst of...
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Toyo Tire Corp. (TYO:5105) has released its business results for the third quarter of calendar 2021, showing 283.81 billion yen ($2.46 billion) in sales revenue, up 14.6 percent year-on-year, and 39.66 billion yen in operating income, up 79.9 percent. Going into detail on what has driven this change in operating income, Toyo Tires revealed that upward factors included 19.7 billion...
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CEOs from the world’s leading tire manufacturers recently met online for the latest CEO conference held as part of the Tire Industry Project (TIP). The 10 companies represented were Bridgestone Corp. (TYO:5108), Continental AG, Goodyear Tire & Rubber Co., Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Michelin Group, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd. (TYO:5110),...
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Bridgestone Corp. (TYO:5108) plans by 2030 to have more than 90 percent of its tires used globally in repairs to incorporate its Enliten Technology, a basic technology for innovative tires for electric vehicles (EVs) and fuel cell vehicles. The expansion of Enliten Technology is part of a reinforcement strategy for the premium business component of Bridgestone’s core business operations. While...
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The Hokkaido Plant of Yokohama Tire Retread Co. Ltd. – itself a group company of Yokohama Rubber Co. Ltd. (TYO:5101) – has become the first tire manufacturer to receive an award for excellence in 3R activities. This comes as part of a broader set of annual awards sponsored by Japan’s Ministry of the Environment in recognition of those who have...
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Bridgestone Corp. (TYO:5108) has announced that it will be supplying its Alenza 001 tires as OE for the new Lexus NX, which is set to start rolling out this month. Alenza is a premium SUV tire brand targeted toward on-road use. And the Alenza 001 set to be fitted to the Lexus NX is being positioned by Bridgestone as one...
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