Yokohama Rubber Co. Ltd. (TYO: 5101) announced it will purchase all shares of Dutch company Alliance Tire Group B.V. (ATG). The equity value of the transition is $1.179 billion (136 billion yen), Yokohama Rubber’s largest acquisition to date. The company will finance the purchase with its own funds and bank loans. The acquisition is expected to be finalized on July...
Bridgestone Corp. (TYO:5108) has received the Environmental Award presented by Honda Motor Co. Ltd. (TYO:7267) to honor select suppliers. It is the first time that Bridgestone has received the award. The Environment Award is one of five categories including Product Quality under which Honda confers honors to express gratitude to suppliers that excel. Bridgestone received the award in the Environment...
Bridgestone Corp (TYO:5108) is expanding production capacity of passenger car tires and light truck radial tires at the Quebec-based Joliette Tire Manufacturing Plant of Bridgestone Canada Inc. (BSCA), a subsidiary of Bridgestone Americas Inc. (BSA). The investment is expected to total $250 million. With the expansion scheduled to break ground in 2016, new technologically advanced equipment will be phased in...
Japanese tire companies are reaping higher profits in the North American market with the help of a livelier U.S. economy. That help is coming in the form of strong sales of large vehicles in the U.S. that is creating major demand for large tires fitted onto pickup trucks and SUVs. Bridgestone Corp. (TYO:5108) has responded to this demand by announcing...
Hikomitsu Noji, president of Yokohama Rubber Co. Ltd. (TYO:5101), recently spoke with the Japan Rubber Weekly about the direction of the tire and non-tire businesses under the company’s current medium-term management plan. Noji said his company will concentrate on leveraging its advanced technological prowess based on three pillars: (1) focus on the global OE market; (2) achieve a stronger presence...
Yokohama Rubber Co. Ltd. (TYO:5101) is increasing production of high-performance passenger car tires (18-plus inches in diameter) at its Shinshiro Plant, Aichi Prefecture. The company will commence construction on a new line this May and, with a launch planned for June 2017, is in position to have full production possible by April 2018. With an investment of 3.7 billion yen ($32.76...
