Toyo Tire U.S.A. Corp., the U.S. sales subsidiary of Toyo Tire Corp. (TYO:5105), recently announced that it will increase its dealer base prices across all tire categories except for winter tires as of Aug. 1. This price hike is being implemented to reflect continued high costs for raw materials and logistics in the U.S. market. It will see prices rise...
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Bridgestone Americas Inc. has announced that subsidiary Firestone Industrial Products LLC (FSIP) is set to boost its production capacity for air springs at a plant in Williamsburg, Kentucky. Total investment in this expansion is slated to come to $51 million, with construction to begin in the second quarter of this year and wrap up by the end of 2022. The...
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Synthetic rubber manufacturer JSR Corp. (TYO:4185) recently announced that its U.S. subsidiary JSR Micro Inc. has started construction on a new plant in the state of Oregon, looking through this to bolster its production capacity for cutting-edge semiconductor cleaning agents. Total investment in the project is expected to come to around $100 million, with operations slated to start up in...
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Toyo Tire Corp. (TYO:5105) recently announced that it is planning to boost the production capacity of Toyo Tire North America Manufacturing Inc. (TNA), a tire production subsidiary it controls in the U.S. For this increase, Toyo Tires plans to invest approximately 7 billion yen ($64.85 million) to install new facilities with an annual production capacity equivalent to 1.2 million passenger...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is planning a U.S. rollout for new 4×4 and SUV tires under the Falken brand, which already has sales operations and a strong reputation in the country. The company intends here to launch two new products under the Wildpeak series and one under the Ziex series, with sales of these to begin gradually rolling out...
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Bridgestone Corp. (TYO:5108) CEO Masaaki Tsuya is focused in on Europe and the U.S. as two markets for his company to build upon. Tsuya recently sat down to talk with Japan Rubber Weekly and offer his breakdown of the market situations here and what his plans are here for Bridgestone. Tsuya sees Europe as being an important market for his...
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