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 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 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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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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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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Sumitomo Rubber Industries Ltd. (TYO:5110) will commence full-scale operation at its USA Technical Center in January 2017. Increasing its freedom to operate in the U.S. market by dissolving its alliance with Goodyear Tire and Rubber Co. in October 2015, the company has made strides in its efforts to enhance development, production and sales systems. The new technical center is linked...
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