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 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 as the...
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...
Yokohama Rubber has established a sensing technology to remotely monitor conveyor belts in operation in real time and detect abnormalities. The company aims to establish a comprehensive solution service that proposes optimal operation and management of conveyor belts based on the data detected by the sensing technology, and to provide the service by the end of 2027. The sensing technology...
Sumitomo Riko recently renovated the showroom in Technopia, a technical research laboratory located in Komaki Head Office and Works in Komaki City, Aichi Prefecture. Technopia was completed in July 2008 to provide the development environment and development area for molecular design, cleanliness, precision processing, among others, necessary for Sumitomo Riko to continue to make great strides and grow for the...
Denka’s chloroprene rubber (CR) business in the first half (April-September) of fiscal 2024 “did not recover as much as expected due to the impact of the global economic downturn on sales for automotive parts and general industrial products,” the company said. Although overall conditions were harsh, inquiries for latex for gloves increased from the latter half of the first half of...
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