mitsubishi

Toyo Tires Strikes Capital Partnership With Mitsubishi to Bolster Technological, Sales Efforts

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...

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Mitsubishi Equips New Eclipse Cross With Toyo Tires’ Proxes R44

Mitsubishi Motors Corp. (TYO:7211) has adopted the Proxes R44 tire made by Toyo Tire and Rubber Co. Ltd. (TYO:5105) as original equipment for its new Eclipse Cross SUV, which launched on March 1. The tires are made with Nano Balance Technology, a proprietary technology for basic materials design that provides for nano-level control during the development of rubber materials. This...

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Tosoh Looks to Double PVC Capacities, Shore up Supply in Philippines

Tosoh Corp. (TYO:4042) has announced plans to expand production capacity of polyvinyl chloride (PVC) at local affiliate Philippine Resins Industries Inc. (PRII). Tosoh will be investing approximating 4.2 billion yen ($37.05 million) to take annual production capacity from its current level of 100,000 tons up to 210,000 tons. Construction is slated to start in February this year and conclude in...

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