Yokohama Rubber Co. Ltd. (TYO:5101) plans to lift its global production capacity of tires by the end of 2020 to 89 million units per annum, CEO Hikomitsu Noji recently announced. At the end of 2015, the company had an annual production capacity of 70.59 million units and has planned for 72.14 million units for the end of 2016, 74.19 million...
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As part of Bridgestone Corp.’s (TYO:5108) latest Potenza range of tires, the company has launched the Potenza RE-06D, a new product designed with the aim of reducing lap time on the circuit. Using an exclusively developed structure, pattern, geometry and compound, the tire improves road contact when corning as well as block rigidity. Moreover, the RE-06D is designed with an...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) has launched in August nationwide sales in Japan for its new 26-inch Proxes R888R tire for use in motorsports. The tire provides excellent handling suitable for circuit racing, and makes use of a tread composition and structure that offers superior grip and control. The use of high-grip compounds and a large-blocked tread pattern...
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Yokohama Rubber Co. Ltd. (TYO:5101) has revised its projections of full-year earnings for 2016, CEO Hikomitsu Noji recently revealed. Noji pointed to an appreciating yen relative to when the previous public projection was made and to a dip below the previous projection for tire sales, namely in Russia and the Americas. Additionally, Noji said that demand has been sluggish with...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has cut its full year earnings projections. According to President Ikuji Ikeda, the downward revision from the earnings projections announced in May 2016 can be attributed to the sharp appreciation of the yen. Full year sales are projected to drop 4.6 percent year-on-year to 810 billion yen ($8.09 billion), while operating profits are expected to...
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The outlook for the business environment surrounding Bridgestone Corp. (TYO:5108) over fiscal 2016 indicates no turnaround in demand in the second half of the year. In addition to a continued decrease in North American production of truck and business tires, Bridgestone’s mining company customers, who purchase tires for mining and construction-purpose vehicle tires, are prolonging their inventory adjustment periods. Company...
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