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Bridgestone: Revenue and Profit May Decline for First Time in Seven Years

on August 22, 2016 in Tires

The outlook for the business environment surrounding Bridgestone Corp. (TYO:5108) over fiscal 2016 indicates no turnaround in demand in the second half of the year. In addition to a continued decrease in North American production of truck and business tires, Bridgestone’s mining company customers, who purchase tires for mining and construction-purpose vehicle tires, are prolonging their inventory adjustment periods. Company...

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Toyo Tires Sees Rising Yen to Impact Sales and Profits, Lowers Guidance

on August 22, 2016 in Tires

Led by China, growth in emerging markets will continue to slow down, said Takashi Shimizu, president of Toyo Tire & Rubber Co. Ltd. (TYO:5105). Further, a drastic rise in yen will have a major impact on profit, which will also affect the company’s robust North American market, he said, analyzing the current business environment. As a result, the tire maker...

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Automobile Tire Production Down 6.6% for First Half of 2016

on August 12, 2016 in Market Background, Tires

Production of automobile tires and tire tubes for the first half of 2016 suffered a year-on-year drop of 6.6 percent, to a total of 500,481 tons, according to records compiled by the Japan Automobile Tyre Manufacturers Association (JATMA). Apart from a year-on-year increase of 7.3 percent in the production of industrial vehicle tires, production volumes fell year-on-year for all tire...

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Michelin Japan Offers Insights Into Winter Tires at Media Seminar

on August 9, 2016 in Innovation, Tires

Nihon Michelin Tire Co. Ltd. has recently invited members of the press to an educational seminar about winter tires. During the event, Michelin Japan’s engineers offered commentary about winter tire history, advances in tire technology, smart winter tire use and performance variation based on U.S. Department of Transportation (DOT) identification numbers. As technological innovation in the tire industry has accelerated...

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JATMA Mid-year Review: Automobile Tire Demand to Decrease Slightly in 2016

on August 2, 2016 in Market Background, Tires

Demand for automobile tires in Japan is expected to decrease for a second consecutive year, according to the mid-year review of domestic tire demand for 2016 published by the Japan Automobile Tire Manufacturers Association (JATMA) on July 21. The review places gross demand for tires including those for special and two-wheeled vehicles at 117.366 million units, a decline of 1.837...

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JATMA Posts “Tyre Industry of Japan 2016” on Official Website

on August 2, 2016 in Market Background, Tires

The Japan Automobile Tyre Manufacturers Association (JATMA) has published the 2016 edition of “Tyre Industry of Japan.” It is available for free download as a PDF file on JATMA’s official website in English here. In addition to containing multiple reference data – including figures, tables and graphs – the document features an overview of JATMA, its member organizations, a brief history...

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