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Bridgestone Targets Commercial Tire Applications for Plant-Derived Isoprene Rubber

on September 11, 2018 in Tires

Bridgestone Corp. (TYO:5108) recently announced that it has entered into a joint research project for plant-derived isoprene rubber and its high-performance derivatives, working here on production technologies and practical applications for these materials. Efforts under the project look to establish plant-derived isoprene rubber as a practical, industrialized alternative to the natural rubber and oil-derived synthetic rubber currently used as raw...

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Yokohama Rubber Expects to Resume Full Operations at Filipino Tire Plant by End of 2020

on September 4, 2018 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is planning for Yokohama Tire Philippines Inc. (YTPI), its manufacturing subsidiary in the Philippines, to return to full production capacity by the end of 2020. This follows a fire that occurred at YTPI on May 14, 2017, affecting approximately 17,400 square meters in the northeast sector of the subsidiary’s East Plant. The plant’s buildings and...

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Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions

on August 21, 2018 in Tires

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...

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Yokohama Rubber Appears Set to Meet Early 2018 Performance Projections

on August 20, 2018 in Materials, Tires

Yokohama Rubber Co. Ltd.’s (TYO:5101) consolidated results for calendar 2018 appear set to hold to the company’s forecast announced this past February. While this has been helped along by natural rubber prices dropping 7 cents from what had been expected, a surge in crude oil prices has brought increases to synthetic rubber and carbon black prices, with this expected to...

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Sumitomo Rubber Downwardly Revises Results Forecast for 2018

on August 17, 2018 in Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced a downward revision to its forecast of business results for calendar 2018. Compared to the company’s initial forecast, the revision sees sales lowered by 1.1 percent, business profit by 6.8 percent and net profit by 10.4 percent. The main factor behind the revision is Sumitomo Rubber’s tire business, for which both sales and...

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Bridgestone Sees Higher Sales, Lower Operating Profit for First Half of 2018

on August 15, 2018 in Tires

Bridgestone Corp. (TYO:5108) has released its business results for the first half of calendar 2018, showing 1.9 percent year-on-year sales growth to total 1.78 trillion yen ($15.98 billion) for the period. Meanwhile, the company’s operating profit fell 1.4 percent to 199.43 billion yen, ordinary profit was down 2.6 percent to 190.76 billion yen, and net profit was up 2.1 percent...

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