Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has started proof-of-concept testing for a new tire pressure management solutions service that is able to remotely monitor the pressure and temperature of tires. This testing is being carried out in conjunction with a number of external partners – including Shin-Idemitsu Co. Ltd. – as well as in-house sales subsidiary Dunlop...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it is supplying Dunlop Enasave EC300+ tires as OE for Toyota Motor Corp.’s (TYO:7203) new Yaris Cross, which was launched in Japan on Aug. 31. The Enasave EC300+ takes various fuel-efficient technologies cultivated through prior development of the Enasave series and uses these to help provide the high level of fuel efficiency...
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While concerns are there for Sumitomo Rubber Industries Ltd.’s (TYO:5110) tire business over a potential second wave of COVID-19, it is currently seeing better than expected recovery. Speaking recently as part of a recent business results briefing for the first half of calendar 2020, President Satoru Yamamoto said that although Sumitomo Rubber’s tire business can expect to see some degree...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has disclosed its business results estimates for the first half along with its forecast for the full business year through December. The forecast through end of June anticipates first-half sales revenue of 340 billion yen ($3.22 billion), down 20.8 percent from the first half of the previous year; business losses of 2.5 billion yen compared...
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Having boosted its market presence in recent years with its all-season tire options, Sumitomo Rubber Industries Ltd. (TYO:5110) sees ample potential for continuation of recent annual increases in the percentage of vehicles running on such tires. As part of this product growth strategy, Sumitomo Rubber launched sales last October of the All Season Maxx AS1. Sales have been on the...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to increase its production capacity for nitrile gloves, which are used by medical institutions, food manufacturers and more. Demand for these gloves is on the rise amid the novel coronavirus, and current production is unable to keep up with demand. Responding then to a request from the government, Sumitomo Rubber intends to deal...
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