Kumho Tire Japan Inc. will increase its domestic prices on tires by 7 percent from April 1, following a similar announcement made recently by Yokohama Rubber Co. Ltd. (TYO:5101). The change will apply to tires for passenger vehicles, vans, trucks and buses. A representative from Kumho Tire stated that the company could not absorb the rising prices of both natural...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) President Takashi Shimizu has released the company’s 2017 medium-term management plan, covering the four fiscal years from 2017 to 2020. The plan details the company’s aim to reach annual figures of 480 billion yen ($4.18 billion) in consolidated sales, 60 billion yen in operating profits and a 12.5-percent operating profit margin for the...
Yokohama Rubber Co. Ltd. (TYO:5101) said that it will from this spring start sales of a new fuel-efficient global standard tire, the BluEarth-Es ES32. The new tire will initially be rolled out in Europe, Asia and Oceania. Marketing will gradually expand to the Middle East and Latin American markets, although it is not planned to be sold in some countries,...
According to its recently announced motorsport plan for 2017, Bridgestone Corp. (TYO:5108) will during this year support numerous teams, drivers, and riders in a variety of events from top-level races to grassroots motorsports. Among branding and marketing initiatives through various sports events, the company views motorsports as an important communication platform that is directly linked to its tire business. Participating...
Nihon Michelin Tire Co. Ltd. President Paul Perriniaux recently presented the company’s new Pilot Sport 4 S tire during a launch event held at Mercedes-Benz Connection Tokyo. Being a high-spec performance tire with superior operational stability and responsiveness in its high-level dry and wet grip characteristics, the new product becomes the flagship model for the Pilot Sport series. As of...
Yokohama Rubber Co. Ltd. (TYO:5101) will raise its wholesale prices for tires in the domestic market from April 1. Products to see price hikes are tires, tubes and flaps sold in Japan. Summer passenger tires and summer and winter van tires will see a price hike of 6 percent. Meanwhile a 7-percent price hike will be imposed on summer and...
