Bridgestone Corp. (TYO:5108) announced on March 14 that it would be stopping its production of tires in Russia, as well as its tire exports to the country. On the production front, Bridgestone is suspending operations at its Russian plant for passenger car tires – located in Ulyanovsk – and freezing all new capital investment in the country. The company decided...
Nihon Michelin Tire Co. Ltd. is set to begin rolling out the Michelin City Extra, a new motorcycle tire for urban mobility, on March 14. The tire will be available in a total of five sizes. Coming as an evolution of the existing Michelin City Pro, the Michelin City Extra exhibits a higher level of safety and comfort while also...
Bridgestone Corp. (TYO:5108) has released its business results for 2021, revealing 3.25 trillion yen ($28.25 billion) in sales revenue, up 20.4 percent year-on-year; 394.34 billion yen in adjusted operating profit, up 90.1 percent; and 394.04 billion yen in net profit including discontinued operations, up from a 23.3 billion loss the previous year. In the tire business specifically, Bridgestone saw major...
Toyo Tire Corp. (TYO:5105) has posted its business results for 2021, revealing a strong performance for the year. Sales for the year came to 393.65 billion yen ($3.42 billion), up 14.5 percent, while operating income was 53.1 billion yen, up 46.1 percent. Explaining these results, company president Takashi Shimizu said that net income was boosted significantly by strong North American...
Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to introduce its Dunlop e. Sport Maxx – the company’s first aftermarket tire for electric vehicles (EVs) – to the Chinese market, where demand for EVs is booming. The e. Sport Maxx is slated for an early launch in China this April. Then in 2023, Sumitomo Rubber is planning a European launch for...
Nippon Goodyear KK has announced the domestic launch of two new Goodyear tires: the Eagle F1 Supersport, an ultrahigh-performance tire, and the EfficientGrip Performance 2, a high-performance comfort tire. Sales of the Eagle F1 SuperSport are set to begin on March 1, with the tire being offered in a total of 20 sizes ranging 18–21 inches. The EfficientGrip Performance 2...
