Pirelli Japan announced that it will raise the prices of its Japanese domestic after-market tires starting March 1. The price increases will be applied to all product categories and brand lines, with an average increase of 5%. The price increase for summer and all-season passenger car and SUV tires will take effect on March 1. Winter passenger car and SUV...
Nitta on January 1 changed the company name of Connect Conveyor Belting (CCB), a consolidated subsidiary in Canada that processes and sells belts, to Nitta Corporation of Canada. Since its establishment in 1992, CCB has been providing services tailored to the specific needs of the region while utilizing its unique belt processing technology as a Canadian distributor for Nitta Corporation...
Toyo Tires has acquired ISCC PLUS certification, an international certification system for sustainable products, at its Sendai Plant (Iwanuma City, Miyagi Prefecture), its main tire production facility in Japan, and its production subsidiary Fukushima Rubber (Fukushima City, Fukushima Prefecture). The company aims to increase the ratio of sustainable raw materials used in its products to 40% by 2030 and 100%...
Sumitomo Rubber will acquire the trademark rights to the Dunlop brand of four-wheel tires in Europe, North America, and Oceania from Goodyear. The acquisition is worth $526 million, with a transfer agreement to be signed on January 8 and closing scheduled for May. With the acquisition of the trademark rights, Sumitomo Rubber intends to further accelerate premiumization, which it positions...
Sumitomo Riko held last December a ceremony to mark the completion of a new chemical engineering plant at its Komaki Plant in Aichi Prefecture. The new plant will have an investment of approximately 2.7 billion yen ($17.34 million), with a construction area of 5,207 square meters and a total floor area of 6,661 square meters, for a total area of...
Yokohama Rubber held a groundbreaking ceremony for a new passenger car tire plant in Hangzhou, China on December 16, 2024. The ceremony was attended by the mayor of Hangzhou and many other government officials. Also in attendance were Masataka Yamaishi, Chairman and CEO of Yokohama Rubber, and Shinji Seimiya, President and COO. The new plant is the first of a...
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