Yokohama Rubber Co. Ltd.’s (TYO:5101) Mie Plant has donated 40 tires for vaccine transport vehicles to Mie Prefecture, providing these on June 1. This comes as part of the plant’s efforts to help out the local community and support medical countermeasures against COVID-19. The donated tires have been fitted to official vehicles used for transporting COVID-19 vaccines to hospitals, health...
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Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
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Toyo Tire U.S.A. Corp., the U.S. sales subsidiary of Toyo Tire Corp. (TYO:5105), recently announced that it will increase its dealer base prices across all tire categories except for winter tires as of Aug. 1. This price hike is being implemented to reflect continued high costs for raw materials and logistics in the U.S. market. It will see prices rise...
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Goodyear Tire & Rubber Co. recently announced that it has completed its acquisition of Cooper Tire & Rubber Co., fulfilling an agreement first announced on Feb. 22. The acquisition will combine Goodyear’s strengths in OE tires and high-quality replacement tires with Cooper’s excellent product lineup in the pickup truck and SUV segment. As a result, the move is set to...
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Bridgestone Americas Inc. has announced that subsidiary Firestone Industrial Products LLC (FSIP) is set to boost its production capacity for air springs at a plant in Williamsburg, Kentucky. Total investment in this expansion is slated to come to $51 million, with construction to begin in the second quarter of this year and wrap up by the end of 2022. The...
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Continental AG is looking to bolster sustainability in its natural rubber supply chain. The company recently reached an agreement with the German Federal Ministry for Economic Cooperation and Development (BMZ) to significantly expand an ongoing project here, which looks to ensure full traceability for the company’s natural rubber supply chain in West Kalimantan, Borneo, Indonesia. Indonesia is one of the...
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