Alliance Tire Group

Yokohama Rubber President Comments on Sales Growth

Yokohama Rubber Co. Ltd. (TYO:5101) President Masataka Yamaishi has said that his company’s tire business saw robust sales of new vehicle tires for 2017, with China in particular far exceeding last year’s record. Speaking at a year-end press conference, Yamaishi noted year-on-year increases to both sales volume and revenue for retail tires, where the company’s domestic focus was on high-value-added...

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Yokohama Rubber’s Noji, Yamaishi Discuss Path to Navigating Turbulent Landscape

With Masataka Yamaishi set to step into the role of president and representative member of the board of Yokohama Rubber Co. Ltd. (TYO:5101) on March 30, both Yamaishi and current president Hikomitsu Noji discussed the change at a press conference. It is a turning point of a year, said Noji, as 2017 marks the final year of the company’s 12-year...

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Yokohama Rubber Revises Down Projections for Full-year Earnings

Yokohama Rubber Co. Ltd. (TYO:5101) has revised its projections of full-year earnings for 2016, CEO Hikomitsu Noji recently revealed. Noji pointed to an appreciating yen relative to when the previous public projection was made and to a dip below the previous projection for tire sales, namely in Russia and the Americas. Additionally, Noji said that demand has been sluggish with...

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Yokohama Rubber Completes Acquisition of Alliance Tire Group

Yokohama Rubber Co. Ltd. (TYO:5101) has completed its acquisition of Alliance Tire Group B.V. (ATG) effective July 1.  ATG will be included in company’s consolidated accounts from the third quarter of FY 2016 (October – December). ATG is headquartered in Amsterdam, the Netherlands. Its main business is the manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery....

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Japanese Rubber Companies Accelerate Overseas Expansion With Acquisitions

In January 2015, Sumitomo Rubber Industries Ltd. (TYO:5110) acquired Lonstroff Holding AG. This is the parent company of Swiss firm Lonstroff AG, a manufacturer of rubber products used in the medical field. By ensuring it has a European base for manufacturing and selling such rubber products, Sumitomo Rubber will focus on Europe as it further develops its global presence in...

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