2017 marks Yokohama Rubber’s one-hundredth year in business, and the company is energetically tackling the final Phase IV of its Grand Design 100 (GD100) medium-term business plan, said Yokohama Rubber Co. Ltd. (TYO:5101) President Hikomitsu Noji during a recent talk with Japan Rubber Weekly. In its tire business, Noji said that Yokohama Rubber is focusing on the global original equipment...
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Brigestone Corp. (TYO:5108) said that its Turanza T005 run-flat technology tires will be featured as original equipment on the new 2017 Lexus LS sedan, which is currently on display at the 2017 North American International Auto Show in Detroit. The Turanza T005 RFT tires employ a newly developed sidewall-reinforcing rubber, which makes thinner tire sidewalls possible. This offers the added...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) will expand its research and development capabilities at its Toyo Tire North America Manufacturing Inc. (TNA) facility located in White, GA, to strengthen its North American business. Scheduled for completion during 2017, the expansion will build on the product development capabilities and the resources and personnel at the existing TNA R&D department. Established...
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Sumitomo Rubber Industries Ltd. (TYO:5110) will increase its U.S. production capacity of passenger car and light truck tires from currently 5,000 tires to 10,000 per day by the end of 2019, said President and CEO Ikuji Ikeda during a recent interview with Japan Rubber Weekly. He added that this move aims at expanding sales of high value-added tires in the...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has reached an agreement with Graphite Capital Management LLP to acquire British tire distributor Micheldever Tyre Services Ltd. for 215 million pounds ($262 million). The acquisition aims at expanding the company’s tire business in Europe. Following the dissolution of its alliance with Goodyear Tire & Rubber Co. in October 2015, Sumitomo Rubber is using its...
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Yokohama Rubber Co. Ltd. (TYO:5101) said today that it has reached an agreement with shareholders of industrial machinery tire manufacturer Aichi Tire Industry Co. Ltd. to acquire all of the company’s shares at an undisclosed amount. Yokohama expects the acquisition to strengthen its position in that product sector and plans to complete the acquisition by March 2017. Products of Komaki,...
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