Nexen Tire Corp. is gearing up to make a full-scale push into the Japanese market. South Korea’s third-largest tire manufacturer has established a joint venture with Toyota Tsusho Corp. (TYO:8015), the trading arm of the Toyota Group. Registered as Nexen Tire Japan Inc., the new subsidiary will serve as a trading company in automotive tires and is set to commence...
In 2016, Wanli Tire Co. Ltd. was the first Chinese tire maker to participate in D1 Grand Prix, known to be the top drift competion in the world, and also the first to win a series championship. This helped the company to during the year enter and establish a foothold in the Japanese market. In November 2016, Wanly has become...
2017 marks Yokohama Rubber’s one-hundredth year in business, and the company is energetically tackling the final Phase IV of its Grand Design 100 (GD100) medium-term business plan, said Yokohama Rubber Co. Ltd. (TYO:5101) President Hikomitsu Noji during a recent talk with Japan Rubber Weekly. In its tire business, Noji said that Yokohama Rubber is focusing on the global original equipment...
Brigestone Corp. (TYO:5108) said that its Turanza T005 run-flat technology tires will be featured as original equipment on the new 2017 Lexus LS sedan, which is currently on display at the 2017 North American International Auto Show in Detroit. The Turanza T005 RFT tires employ a newly developed sidewall-reinforcing rubber, which makes thinner tire sidewalls possible. This offers the added...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) will expand its research and development capabilities at its Toyo Tire North America Manufacturing Inc. (TNA) facility located in White, GA, to strengthen its North American business. Scheduled for completion during 2017, the expansion will build on the product development capabilities and the resources and personnel at the existing TNA R&D department. Established...
Sumitomo Rubber Industries Ltd. (TYO:5110) will increase its U.S. production capacity of passenger car and light truck tires from currently 5,000 tires to 10,000 per day by the end of 2019, said President and CEO Ikuji Ikeda during a recent interview with Japan Rubber Weekly. He added that this move aims at expanding sales of high value-added tires in the...
