Pirelli Japan announced that it will raise the prices of its Japanese domestic after-market tires starting March 1. The price increases will be applied to all product categories and brand lines, with an average increase of 5%. The price increase for summer and all-season passenger car and SUV tires will take effect on March 1. Winter passenger car and SUV...
Toyo Tires has acquired ISCC PLUS certification, an international certification system for sustainable products, at its Sendai Plant (Iwanuma City, Miyagi Prefecture), its main tire production facility in Japan, and its production subsidiary Fukushima Rubber (Fukushima City, Fukushima Prefecture). The company aims to increase the ratio of sustainable raw materials used in its products to 40% by 2030 and 100%...
Sumitomo Rubber will acquire the trademark rights to the Dunlop brand of four-wheel tires in Europe, North America, and Oceania from Goodyear. The acquisition is worth $526 million, with a transfer agreement to be signed on January 8 and closing scheduled for May. With the acquisition of the trademark rights, Sumitomo Rubber intends to further accelerate premiumization, which it positions...
Yokohama Rubber held a groundbreaking ceremony for a new passenger car tire plant in Hangzhou, China on December 16, 2024. The ceremony was attended by the mayor of Hangzhou and many other government officials. Also in attendance were Masataka Yamaishi, Chairman and CEO of Yokohama Rubber, and Shinji Seimiya, President and COO. The new plant is the first of a...
The Japan Automobile Tire Manufacturers Association (JATMA) has announced its forecast for Japanese domestic demand for automobile tires in 2024 and 2025. According to the report, total demand in 2024 is expected to be 102,768,000 tires, down 4% from 2023, as demand for all tire types for new vehicles, replacement tires, and motorcycles are seen to be lower than in...
Takashi Shimizu, President & CEO of Toyo Tires, recently spoke at a year end press conference. “Looking back on 2024, we need to maintain a strong awareness of our origins, continue to reform, and make full use of the flexibility and suppleness that are characteristic of our company. For 2025, we will strive to return to the basics, and strengthen...
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