market expansion

Sumitomo Rubber Positions Turkish Plant as Crucial Supply Base for European Market

Sumitomo Rubber Industries Ltd. (TYO:5110) is working to increase its presence in the European tire market. Currently, the company controls a market share of roughly 3 percent here, but aims are to boost this to 5 percent by 2020–2022. Central to Sumitomo Rubber’s plans are the company’s Turkish plant, which supplies products to the European market. With Sumitomo Rubber opening...

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Cooper Standard Targets Growth in Japanese Market via New Facilities

Looking to bolster its business in the Japanese market, Cooper-Standard Holdings Inc. has opened a new local headquarters and engineering center in Yokohama for the company’s Japanese arm. As a U.S.-based manufacturer of auto parts, Cooper Standard holds a leading share in the global market for sealing systems. Dealings with Japanese manufacturers currently make up less than 5 percent of...

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