Japanese tire companies are reaping higher profits in the North American market with the help of a livelier U.S. economy. That help is coming in the form of strong sales of large vehicles in the U.S. that is creating major demand for large tires fitted onto pickup trucks and SUVs. Bridgestone Corp. (TYO:5108) has responded to this demand by announcing...
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Ikuji Ikeda, president and CEO of Sumitomo Rubber Industries Ltd. (TYO:5110), said in a recent interview with the Japan Rubber Weekly that he expects major progress in his company’s global strategy. The dissolution of the alliance agreement with The Goodyear Tire & Rubber Company of the U.S. will free Sumitomo Rubber of constraints in the North American and European markets...
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New Year’s Top Interview: Sumitomo Rubber CEO Ikuji Ikeda 2016 will be a crucial year for Sumitomo Rubber’s new mid-term business plan. In order to achieve its goals, the company plans to stay steady on its feet and adapt to the changes in the increasingly challenging rubber market, said Ikuji Ikeda, CEO of Sumitomo Rubber Industries Ltd. (TYO:5110), in an...
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2015 was a year of numerous new materials and material development technologies from tire companies. Sumitomo Rubber Industries Ltd. (TYO:5110), which makes Dunlop tires, came out with its Advanced 4D Nano Design new materials development technology. Advanced 4D Nano Design is able to accurate analyse and simulate the internal structures and molecular behaviour of rubber, making possible significant, simultaneous improvements...
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The price of Japanese-made naphtha, an indicator of synthetic rubber prices, was 47,200 yen ($380) per kiloliter for the third quarter (July–September), down by more than 3 percent, or 1,600 yen ($13), over the second quarter (April–June). Naphtha prices are expected to drop further in the October–December period. Falling raw material prices look to continue as a factor in tire...
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In the first three quarters of 2015 (January–September), consolidated financial results for four Japanese tire manufacturers—Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd.—showed large gains in operating income thanks to low prices for crude oil, natural rubber and synthetic rubber. The lower raw material prices translated into gains for Bridgestone of...
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