Yokohama Rubber Co. Ltd. (TYO:5101) will support motor sports events again in fiscal 2017. The company says that as in previous years, it will be an enthusiastic supporter of racing teams competing in events across all motor sports categories and in countries around the world. By supporting motor sports, Yokohama Rubber aims at contributing to global growth of its tire...
Nihon Michelin Tire Co. Ltd. will release Michelin Guide Miyagi 2017 Special Edition, covering the entire Miyagi Prefecture, on July 14 at major bookstores across Japan. Prior to the sale, the company will make the guide available on official membership website Club Michelin. Past releases of Michelin guides in Japan include Michelin Guide Tokyo 2008, published in 2007, and Michelin...
Following the January establishment of joint venture Nexen Tire Japan Inc., partners Nexen Tire Corp. and Toyota Tsusho Corp. (TYO:8015) are eager for their new JV to make a full-scale entry into the Japanese market. The company hopes to hit a landmark of 1 million annual unit sales by 2022, acknowledging the target is ambitious but believing it possible to...
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,...
