Nihon Michelin Tire Co. Ltd. has announced that it will launch the Michelin Cross Grip, an all-season radial tire for small wheel loaders, in Japan this September. The tire will be sized at 440/80R24, which is equivalent to 16.9R24. The most significant feature of the new product is its ability to help meet year-round urban needs – such as construction,...
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Yokohama Rubber Co. Ltd. (TYO:5101) is targeting sales of 700 billion yen ($6.56 billion), an operating profit of 70 billion yen and a return on equity of 10 percent under international financial reporting standards (IFRS) for its new medium-term management plan. Named “Grand Design 2020,” the plan is set to run through to 2020. Company president Masataka Yamaishi said that...
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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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