U.S.-based Yokohama Tire Corp. (YTC) is supplying Advan-branded tires for use in three racing series that Porsche AG is holding in the U.S. over the second half of this year. These will be used as control tires in the Porsche Sprint Trophy USA West, the Porsche Sprint Trophy USA West Invitational and the Porsche Air-Cooled Cup USA. Specifically, the Yokohama...
Tires
Toyo Tires Sees US Business Propped up by Strong Results for Large-Diameter Tires
Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...
Bridgestone’s First-Half Sales Revenue Drops 22%
Bridgestone Corp. (TYO:5108) announced its business results for the first half of calendar 2020 on Aug. 7, revealing sales revenue of just under 1.36 trillion yen ($12.76 billion) to mark a 22.1 percent year-on-year drop. The company’s adjusted operating profit for the half came to a little below 48.27 billion yen, down by 68.3 percent, and it posted a net...
Bridgestone Releases New Environmental Targets as Part of 2019–2020 Sustainability Report
Bridgestone Corp. (TYO:5108) recently published its 2019–2020 Sustainability Report, making this available via a dedicated page on its company website. The report includes Milestone 2030, which lays out a set of new medium-term environmental targets for the Bridgestone Group to achieve by 2030. This comes as part of the broader effort to achieve long-term environmental goals for 2050. As a...
Sumitomo Rubber Anticipates 16% Drop in Sales Revenue for 2020
Sumitomo Rubber Industries Ltd. (TYO:5110) has disclosed its business results estimates for the first half along with its forecast for the full business year through December. The forecast through end of June anticipates first-half sales revenue of 340 billion yen ($3.22 billion), down 20.8 percent from the first half of the previous year; business losses of 2.5 billion yen compared...
Sumitomo Rubber Aims for All-Season Tire Growth With Summer Tire Strategy
Having boosted its market presence in recent years with its all-season tire options, Sumitomo Rubber Industries Ltd. (TYO:5110) sees ample potential for continuation of recent annual increases in the percentage of vehicles running on such tires. As part of this product growth strategy, Sumitomo Rubber launched sales last October of the All Season Maxx AS1. Sales have been on the...
