Tires

Sumitomo Rubber Aims at European Expansion, Acquires Micheldever

Sumitomo Rubber Industries Ltd. (TYO:5110) has reached an agreement with Graphite Capital Management LLP to acquire British tire distributor Micheldever Tyre Services Ltd. for 215 million pounds ($262 million). The acquisition aims at expanding the company’s tire business in Europe. Following the dissolution of its alliance with Goodyear Tire & Rubber Co. in October 2015,  Sumitomo Rubber is using its...

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Yokohama Rubber to Buy Industrial Tire Maker Aichi Tire

Yokohama Rubber Co. Ltd. (TYO:5101) said today that it has reached an agreement with shareholders of industrial machinery tire manufacturer Aichi Tire Industry Co. Ltd. to acquire all of the company’s shares at an undisclosed amount. Yokohama expects the acquisition to strengthen its position in that product sector and plans to complete the acquisition by March 2017. Products of Komaki,...

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Sumitomo Rubber Continues to Strengthen North American Business: CEO Ikeda

Sumitomo Rubber Industries Ltd. (TYO:5110) is proceeding with revamping its North American plants and bringing in new equipment for use with current production, said President & CEO Ikuji Ikeda at a press conference last week. He added that, with a view to the future, the company will also adopt new production technology to increase production capacity for high-performance tires. Increasing...

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Toyo Tires Improves Environmental Footprint at Sendai Plant

Toyo Tire & Rubber Co. Ltd. (TYO:5105) will start shifting from thermal energy sources to natural gas at its Sendai automobile tire manufacturing plant in Iwanuma, Miyagi Prefecture. The Sendai plant has been Toyo Tires’ manufacturing base for automobile tires for more than half a century since 1962. Until now, it has utilized the burning of coal and used tires...

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2017 Forecast: JATMA Expects Steady Automobile Tire Demand to Continue

The Japan Automobile Tyre Manufacturers Association (JATMA) has announced its 2016 estimates for domestic demand of automobile tires, together with its forecast for 2017. According to the association, domestic demand in 2016 was in line with the previous year at 117.87 million units, and a virtually identical demand of 118.19 million units is anticipated for 2017. This demand estimate is...

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Tire and Tire Tube Production Up Slightly to 94,000 Tons for October

Production of automobile tires and tire tubes was 93,934 tons in terms of rubber volume for October, up 0.7 percent year-on-year, according to the Japan Automobile Tyre Manufacturers Association (JATMA). Production rose for the first time in 22 months in September, and albeit small, year-on-year production rose for the second consecutive month in October. The production volume was up in...

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