Bridgestone, Sumitomo Rubber, Yokohama Rubber and Toyo Tires have released their nine months (January-September) financial results for fiscal 2024. While some companies achieved record-high performance in the same period, partly due to the effect of yen depreciation, the North American market, which is in a sense a dollar box for Japanese, European, and U.S. tire makers, was affected by the...
Evonik will increase wet silica production capacity by 50% at its U.S. plant in Charleston, South Carolina, to meet growing demand from the tire, oral care and other industries in North America. The company plans to invest several billion yen to build a new production line, with construction scheduled to begin in mid-2024 and operations to start in early 2026....
Toyoda Gosei will increase the production capacity of its U.S. subsidiaries TG Missouri (TGMO) and TG Kentucky (TGKY) in order to respond to expanding sales of automotive interior and exterior parts in North America. The investment will be approximately 3.1 billion yen ($20.88 million) for TGMO and approximately 5.7 billion yen for TGKY. The expanded capacity is scheduled to start...
Bridgestone Corp. (TYO:5108) has announced that U.S. subsidiary Bridgestone Americas Inc. will expand its plant in Warren County, Tennessee. The move will give the location additional production capacity for truck and bus radial (TBR) tires, which the company hopes will allow it to respond to growing demand for these tires in the North American market. Over the next three years,...
Bridgestone Corp. (TYO:5108) announced on June 1 the acquisition of Industrial Rubber Co. through Bridgestone HosePower LLC, a wholly owned U.S. subsidiary engaged in hose sales and services. Established in 1950 and based in the U.S. state of New Jersey with a staff of 17 employees, Industrial Rubber covers hydraulic and industrial hose sales and services in the Northeastern U.S....
Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Americas Inc. and The Goodyear Tire and Rubber Co. announced on April 17 that they will jointly establish TireHub LLC, a nationwide U.S wholesale company. TireHub will handle U.S. wholesale operations for the passenger vehicle tire and small truck tire businesses of both parent companies. Bridgestone Americas and Goodyear will use the opportunity to offer...
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