Sumitomo Rubber Industries Ltd. (TYO:5110) has reached an agreement with Graphite Capital Management LLP to acquire British tire distributor Micheldever Tyre Services Ltd. for 215 million pounds ($262 million). The acquisition aims at expanding the company’s tire business in Europe. Following the dissolution of its alliance with Goodyear Tire & Rubber Co. in October 2015, Sumitomo Rubber is using its...
Sumitomo Rubber Industries Ltd. (TYO:5110) is proceeding with revamping its North American plants and bringing in new equipment for use with current production, said President & CEO Ikuji Ikeda at a press conference last week. He added that, with a view to the future, the company will also adopt new production technology to increase production capacity for high-performance tires. Increasing...
Sumitomo Rubber Industries Ltd. (TYO:5110) will commence full-scale operation at its USA Technical Center in January 2017. Increasing its freedom to operate in the U.S. market by dissolving its alliance with Goodyear Tire and Rubber Co. in October 2015, the company has made strides in its efforts to enhance development, production and sales systems. The new technical center is linked...
Sumitomo Rubber Industries Ltd. (TYO:5110) has reported results of research on the molecular structural analysis of natural rubber from para rubber trees at the International Rubber Conference (IRC) 2016 Kitakyushu. Based on this research, the company expects significant improvements in the performance and processability of natural rubber, opening up new possibilities for enhanced tire performance in terms of fuel efficiency...
Sumitomo Rubber Industries Ltd. (TYO:5110) will from Nov. 1 commence sales of its flagship fuel-efficient Enasave NextII tire. The tire has achieved the highest rating of “AAA-a” under Japan’s tire labelling system and features substantially improved wear resistance. It will be the first to deploy the company’s new materials development technology “Advanced 4D Nano Design.” Advanced 4D Nano Design allows for...
Sumitomo Rubber (Thailand) Co. Ltd. (SRT), a tire manufacturing and marketing subsidiary of Sumitomo Rubber Industries Ltd. (TYO: 5110), held a ceremony recently to mark 10 years in operation. In addition to holding a Buddhist ceremony within the factory, SRT held a ceremonial party, playing host to a guest list of 300 people, including the local governor and members from...
