Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that its Dunlop brand will be sponsoring the Autobacs JEGT Grand Prix 2021 Series, an e-motorsports tournament set to be run by NGM Inc. over September 2021 – February 2022. Organized by the JEGT executive committee, the JEGT Grand Prix 2021 has garnered attention for having players compete over a total of 5...
Pirelli & C. S.p.A. has been certified as a UN Global Compact LEAD company, making it the only global company in the automobiles and parts sector among LEAD-certified companies. This year saw 37 companies selected as Global Compact LEAD companies, bestowed here with the recognition of being the most committed group in the world when it comes to implementing the...
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it is planning a staged domestic launch of the BluEarth-Es ES32, a standard tire that offers excellent fuel efficiency and economy, starting Oct. 1. The tire will be offered in a total of 92 sizes – ranging from 245/40R19 94W to 135/80R12 68S – and will be compatible with a wide selection...
Bridgestone Corp. (TYO:5108) has completed its acquisition of Azuga Holdings Inc., a U.S.-based provider of fleet management solutions. The tire manufacturer has already received regulatory approval and carried out the relevant proceedings for this deal. Azuga has been valued here at $391 million, with adjustments then being made based on its working capital and the like to get the total...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced its establishment of Nano Black, a new design technique able to improve the visibility of lettering and patterns on tire sidewalls. In creating Nano Black, Sumitomo Rubber focused on the idea that the more times light strikes a light-absorbing surface, the blacker the resulting material looks. This then saw the company adopt a...
Toyo Tire Corp. (TYO:5105) has posted a strong set of business results for the first half of calendar 2021, including sales revenue of 186.39 billion yen ($1.7 billion), up 23.8 percent year-on-year; an operating profit of 26.96 billion yen, up 240 percent; an ordinary income of 29.22 billion yen, up 567.2 percent; and a net profit of 20.67 billion yen,...
