Bridgestone aims to achieve sales revenue of 5.3 trillion yen ($37.8 billion) and adjusted operating income of 820 billion yen by 2030. By that time, it wants to attain global levels in all of its management indicators, CEO Shuichi Ishibashi said when presenting the company’s 2030 long-term strategic aspirations on August 31. In addition to revenue and operating income, the...
Bridgestone Americas will step up investment in its guayule plantation in Arizona to ensure a sustainable supply of natural rubber, a raw material for tires. This investment is aimed at the commercialization of guayule-derived natural rubber by 2026, and is expected to amount to approximately US$40 million by 2025. The company will also work with local farmers and Native Americans...
Yokohama Rubber has begun production at a newly built plant in Visakhapatnam, Andhra Pradesh, India. The move comes as part of a broader plan to boost the production capacity of Yokohama Off-Highway Tires (YOHT), a subsidiary focused on producing off-highway tires (OHTs) for the likes of agricultural machinery. Initial plans were to open this new plant in the first quarter...
Sumitomo Rubber has started supplying its Falken Ziex ZE310A Ecorun tire as OE for the new-model Nissan X-Trail, which launched this July. In designing the new X-Trail, Nissan has taken the “tough gear” concept from the car’s first generation and combined it with a renewed emphasis on high quality. The new model employs the automaker’s second-gen e-Power system fitted with...
This article follows part 1 in a series of 2 on Sumitomo Rubber’s first half financial results (January-June of the fiscal year ending December 31, 2022). Looking at Sumitomo Rubber’s performance by segment, the tire business posted sales revenue of 430.85 billion yen ($3.13 billion), up 16.7 percent year-on-year, and operating profit of 7.66 billion yen, down 67.4 percent. Japanese...
Sumitomo Rubber has posted revenues of 512.11 billion yen ($3.71 billion) for the first half (January-June) of the fiscal year ending December 31, 2022, up 16.4 percent year-on-year. Business profit was 14.18 billion yen, down 52.9 percent; and overall profit was 17.19 billion yen, down 16.2 percent. In a highly uncertain economic environment, including the coronavirus pandemic, the situation in...
