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...
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...
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....
With the transport sector facing a difficult business environment amid COVID-19, Bridgestone Corp. (TYO:5108) is seeing effects on both demand and sales for its retread tires. Nonetheless, such tires continue to make up a rising portion of Bridgestone’s sales with each passing year. And going forward, the company aims to continue growing its sales of retreads, which reliably provide both...
Yokohama Rubber Co. Ltd. (TYO:5101) has added four new 19-inch sizes to its lineup for the Advan A052, a street sports tire under the company’s flagship Advan brand. The Advan A052 is a next-gen street sports radial tire that not only exhibits a high level of grip and handling performance but was also designed with noise and fuel efficiency in...
Yokohama Rubber Co. Ltd. (TYO:5101) is looking to unify its group’s global operations for off-highway tires (OHTs) in an effort to strengthen business in the sector. Plans here are to integrate Yokohama Rubber’s OHT business with Alliance Tire Group (ATG), a subsidiary acquired by the Yokohama Rubber Group four years ago. The resulting organization will be named Yokohama Off-Highway Tires....
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