Hikomitsu Noji, president of Yokohama Rubber Co. Ltd. (TYO:5101), recently spoke with the Japan Rubber Weekly about the direction of the tire and non-tire businesses under the company’s current medium-term management plan. Noji said his company will concentrate on leveraging its advanced technological prowess based on three pillars: (1) focus on the global OE market; (2) achieve a stronger presence...
Yoshiaki Nishimura, Chairman of the Board and CEO of Sumitomo Riko Co. Ltd. (TYO:5191), recently commented on the current state of the company’s business growth and transformation into a global firm. In 2013, Sumitomo Riko carried out four M&A deals, giving the company the largest share in the global market for automotive anti-vibration rubber. That share is projected to be...
Yokohama Rubber Co. Ltd. (TYO:5101) is increasing production of high-performance passenger car tires (18-plus inches in diameter) at its Shinshiro Plant, Aichi Prefecture. The company will commence construction on a new line this May and, with a launch planned for June 2017, is in position to have full production possible by April 2018. With an investment of 3.7 billion yen ($32.76...
Major resin hose and pipe maker Totaku Industries Inc. plans to build a new factory in Oyama, Tochigi prefecture as it moves to strengthen its production and sales effort in the eastern Japan region. Slated to begin by late 2017, construction of the new factory will be located in Oyama’s No. 4 Industrial Zone. The facility, with 14,000 square meters...
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...
Suzuka Engineering Co. Ltd. (Headquarters: Yokkaichi City, Mie Prefecture) reached a financing agreement last November with Hyakugo Bank Ltd. (TYO:8368) on the basis of an intellectual property business assessment report. Serving a wide spectrum of the rubber industry, Suzuka Engineering independently develops and designs rubber manufacturing processes and, most notably, industrial machinery instruments and systems for kneading operations. On the...
