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...
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...
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...
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...
Sumitomo Rubber has resolved at a meeting of its board of directors to conclude a share transfer agreement for the transfer of all shares of its consolidated subsidiary, Dunlop Sports Wellness, to Nagase Brothers. The transfer is scheduled to take place in early December 2024. Regarding the share transfer agreement, the company said, “Dunlop Sports Wellness has been striving to...
Sumitomo Rubber began selling its Tire Pressure Monitoring System (TPMS) in July. The company has been offering a tire pressure and temperature management service for trucks using this system at Dunlop’s truck tire dealers since the same month, and is now focusing on developing its tire solution business, which is a key business for the company. At the DTS (Dunlop...
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