Tires

Carbon Black Production Rises as North American Tire Demand Trends Toward Recovery

Tokai Carbon Co. Ltd.’s (TYO:5301) carbon black business is on the rebound after bottoming out during the April–June quarter, says President Hajime Nagasaka. Speaking at a financial results briefing on Nov. 5, Nagasaka said that demand is recovering particularly in the U.S. and Thai markets, adding that the company’s U.S. production bases have utilization rates up in the 90–95 percent...

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Bridgestone Forecasts Second COVID Wave Will Reduce 2020 Demand

Bridgestone Corp. (TYO:5108) has announced its business results forecast for the full fiscal year through December 2020, including an adjustment for anticipated decline in demand during the October–December fourth quarter due to a second wave of the COVID-19 pandemic. The forecast calls for total sales revenue of 2.89 trillion yen ($28 billion), a 7 percent increase from the previous forecast...

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Bridgestone’s Turanza T005A Selected for Mazda’s New Mild Hybrid MX-30

Bridgestone Corp. (TYO:5108) has announced that it will supply its Turanza T005A tire as OE for the mild hybrid version of the new Mazda MX-30. This follows Mazda Motor Corp.’s (TYO:7261) recent reveal of the new compact SUV. Based on the idea of “Living True to Yourself,” the Mazda MX-30 was designed with the aim of letting drivers spend time...

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Sumitomo Rubber Makes Upward Revision to Results Forecast for 2020

Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the first three quarters of calendar 2020. But despite figures here being considerably down versus the same period last year, the company announced that it was making an upward revision to its projected results for this year as a whole. Sales revenue for the period came to 540.25 billion...

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Bridgestone Pursues Office Reorganization to Improve Added Value, Productivity

Bridgestone Corp. (TYO:5108) has announced that it is moving to integrate and reorganize its office locations over the coming months. Through this plan, the company aims to achieve more efficient, effective utilization of management resources, as well as to reform work styles in a way that improves value and productivity. A gradual effort starting this month will see Bridgestone consolidate...

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Sumitomo Rubber Reaches Settlement With Chinese Company in Motocross Tire Lawsuit

Sumitomo Rubber Industries Ltd. (TYO:5110) has reached a settlement with Timsun Rubber Tire (Weihai) Co. Ltd. by employing the mediation of the Beijing Intellectual Property Court. Sumitomo Rubber had been seeking an injunction against the Chinese tire manufacturer for, among other things, infringing its patent rights, specifically Chinese Patent Number ZL201110212627.X, and design rights, specifically Chinese Design Right Number ZL201130113641.5....

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