toyo tire

Toyo Retread Gets Sales Boost From Availability of Tire Casings

Toyo Retread recorded its all-time highest production volumes and best ever sales last year at its factory in Otaru, Hokkaido. An important reason for this was that tire casings – the base material for retreaded tires – could be easily obtained. Tire casings have become more readily available because of an increase in the number of factories manufacturing new tires...

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Toyo Targets Mid-Range Minivans With New Tire in Tranpath Series

Toyo Tire and Rubber Co. Ltd. (TYO:5105) has brought to market a new tire in the Tranpath minivan tire series: the Tranpath ML. This tire is aimed specifically at the mid-range minivan market. It offers good running stability, wear resistance and fuel efficiency, which are all requirements of minivan tires. During the development of the rubber materials used in the...

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Kinugawa Rubber to Accept Takeover Bid by Development Bank of Japan

Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) will accept a takeover bid (TOB) from the Development Bank of Japan, Inc. (DBJ). For this deal, the DBJ has concluded separate agreements with Kinugawa Rubber Industrial’s largest shareholder, Nissan Motor Co. Ltd. (TYO:7201; stake of 20.25 percent), and second largest shareholder, Toyo Tire & Rubber Co. Ltd. (TYO:5105; stake of 11.89 percent), to...

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Japan’s Rubber Unions Scale Back Spring Offensive Wage Demands

The Japanese Rubber Workers Union Confederation (JRWUC) has largely completed its spring labor offensive, and unions have submitted wage demands at most large rubber manufacturers. According to the JRWUC, 45 out of 58 unions have submitted their wage demands, and despite discrepancies between sectors such as tires, automobile parts, and industrial goods, wage increase demands are trending downward from the...

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Japanese Tire Companies Boost Production Capacity in North America

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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Cheaper Raw Materials Help Tire Manufacturers Increase Profit (Part 2)

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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