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Sumitomo Rubber Reaches Settlement With Chinese Company in Motocross Tire Lawsuit

on November 5, 2020 in Industry, Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) has reached a settlement with Timsun Rubber Tire (Weihai) Co. Ltd. by employing the mediation of the Beijing Intellectual Property Court. Sumitomo Rubber had been seeking an injunction against the Chinese tire manufacturer for, among other things, infringing its patent rights, specifically Chinese Patent Number ZL201110212627.X, and design rights, specifically Chinese Design Right Number ZL201130113641.5....

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Sumitomo Rubber Wins EcoPro Award for Enasave Next III Tire

on October 13, 2020 in Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) has won an award of excellence for the Enasave Next III, a flagship fuel-efficient tire that launched under the Dunlop brand last December. The company has been bestowed here with an eco-material award under the third EcoPro Awards, which are managed by the Sustainable Management Promotion Organization (SuMPO). The Enasave Next III was chosen for...

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Sumitomo Rubber Launches Proof-of-Concept Testing for Tire Pressure Monitoring Service

on October 9, 2020 in Industry, Tires

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 Supplies Dunlop Enasave EC300+ as OE Tire for New Toyota Yaris Cross

on September 25, 2020 in Tires

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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Sumitomo Rubber Sees Signs of Better Than Expected Recovery in Tire Business

on August 21, 2020 in Tires

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 Anticipates 16% Drop in Sales Revenue for 2020

on August 6, 2020 in Tires

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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