Yokohama Rubber Co. Ltd. (TYO:5101) announced on March 18 that it will be gradually drawing production to a halt at LLC Yokohama RPZ, a Russian subsidiary that manufactures passenger car tires. The company cited issues with raw materials procurement as being behind its decision here. Commenting further, Yokohama Rubber said that it hopes for the current situation between Russia and...
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Bridgestone Corp. (TYO:5108) announced on March 14 that it would be stopping its production of tires in Russia, as well as its tire exports to the country. On the production front, Bridgestone is suspending operations at its Russian plant for passenger car tires – located in Ulyanovsk – and freezing all new capital investment in the country. The company decided...
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Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31 following the completion of liquidation procedures. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also...
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Bridgestone Corp. (TYO:5108) recently announced that it intends to stop kart tire production at its Kurume Plant in Kyushu by the end of 2022. Since beginning supply of kart tires in 1977, Bridgestone has handled development, production and sales for these both domestically and abroad. In Japan, the company has focused on kart tires accredited by the Japan Automobile Federation;...
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Bridgestone Europe NV/SA has started discussions with stakeholders with the aim of closing its Bethune plant in France. The plant is currently used to manufacture passenger car tires. This comes as the Bethune plant finds itself in an increasingly difficult competitive environment. Business profitability in the European passenger car tire market has fallen in recent years; then there is the...
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Toyo Tire Corp. (TYO:5105) is temporarily limiting its production to respond to the reduced global tire demand being seen as a result of the novel coronavirus. The company is making a series of production adjustments at its Sendai Plant in Iwanuma, Miyagi Prefecture, halting production over April 3–9 before before plans to resume these operations on April 10. The company...
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