Navigation

sumitomo rubber

Japanese Tire Makers Achieve Record Sales in Fiscal 2024

on February 27, 2025 in Industry, Tires

The four Japanese tire makers, Bridgestone, Sumitomo Rubber, Yokohama Rubber, and Toyo Tires, have released their fiscal 2024 financial results. Although market conditions were generally harsh, all four companies posted record-high sales and record-high operating income (Bridgestone posted adjusted operating income; Sumitomo Rubber and Yokohama Rubber posted operating income), thanks in part to a tailwind from a weaker yen. On...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading

Sumitomo Rubber and Mitsubishi Chemical to Collaborate on Carbon Black Recycling

on February 10, 2025 in Industry

Sumitomo Rubber and Mitsubishi Chemical will start collaboration on resource recycling of carbon black, one of the main raw materials for tires. Under this collaboration, Sumitomo Rubber will supply Mitsubishi Chemical with recycled materials, including rubber fragments generated in the tire manufacturing process as well as crushed and processed products from used tires. Mitsubishi Chemical will feed the recycled materials...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading

Sumitomo Rubber to Acquire Dunlop Brand in Europe, North America and Oceania

on January 20, 2025 in Tires

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 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 as the...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading

Sumitomo Rubber Develops New Simulation Method to Predict Tire Noise

on December 13, 2024 in Tires

Sumitomo Rubber has developed a new simulation method that can predict tire noise on actual road surfaces more accurately and in a shorter time than ever before. By taking into account the vibration input to the tire due to road surface irregularities and the sound absorption characteristics of the road surface, the prediction accuracy has been greatly improved with an...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading

Sumitomo Rubber Posts Record Revenues and Business Profit: 9M Results

on November 21, 2024 in Materials

Sumitomo Rubber reported its results for the nine months (January-September) of the fiscal year ending December 31, 2024, with sales revenue of 874.94 billion yen ($5.64 billion), up 2.8% year-on-year; business profit of 61.51 billion yen, up 46.6%; and net income of 4.05 billion yen, down 85.1%. Sales revenue and business profit reached record highs for the same period. Net...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading

Influx of Low-priced Asian Tires Affects North American Market: Report

on November 18, 2024 in Industry, Tires

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...

Please subscribe to read the full story.Subscribe
Already a member? Log in here
Continue Reading