Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...
Toyo Tire Corp. (TYO:5105) and Mitsubishi Corp. (TYO:8058) have gotten started with efforts aimed at drawing out synergy between their two companies. This follows the pair having agreed to an increased capital partnership late last year. Looking to bring about synergy between their companies at an early stage, Toyo Tires and Mitsubishi have started up seven collaborative task forces relating...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) President Takashi Shimizu has reasserted his company’s path to specializing in mobility through tires and auto parts. Shimizu pointed to the background leading up to Toyo Tires’ capital tie-up with Mitsubishi Corp. (TYO:8058) that was announced on Nov. 1, the aims from this, and how his company will be changing its name to...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...
Mitsubishi Motors Corp. (TYO:7211) has adopted the Proxes R44 tire made by Toyo Tire and Rubber Co. Ltd. (TYO:5105) as original equipment for its new Eclipse Cross SUV, which launched on March 1. The tires are made with Nano Balance Technology, a proprietary technology for basic materials design that provides for nano-level control during the development of rubber materials. This...
Tosoh Corp. (TYO:4042) has announced plans to expand production capacity of polyvinyl chloride (PVC) at local affiliate Philippine Resins Industries Inc. (PRII). Tosoh will be investing approximating 4.2 billion yen ($37.05 million) to take annual production capacity from its current level of 100,000 tons up to 210,000 tons. Construction is slated to start in February this year and conclude in...
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