Commenting recently on the progress of his company’s Vision 2020 long-term plan, Sumitomo Rubber Industries Ltd. (TYO:5110) CEO Satoru Yamamoto noted that a number of factors that have changed since this vision was first put together. And with the changes here including raw material costs, slowing GDP growth and other such global factors, Yamamoto said that Sumitomo Rubber is now...
Sumitomo Rubber Industries Ltd. (TYO:5110) is looking to accelerate the development of safe, eco-friendly products under its Smart Tyre Concept, pushing forward with this as part of a broader effort toward technological innovation. President Satoru Yamamoto said that Sumitomo Rubber in 2020 will look to embody Performance Sustaining Technology – one of five tenets under the Smart Tyre Concept –...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that DecoTurf, a tennis hard court series sold and installed by subsidiary Sports Surface Co. Ltd., has been adopted for use at the Ariake Tennis Forest Park in Koto, Tokyo. DecoTurf installation began on May 20 at the park’s center court, the Ariake Coliseum. This marks the second project to install DecoTurf surfaces...
Japan’s four largest tire manufacturers have now all announced price increases on aftermarket tires for domestic sale. After Bridgestone Corp. (TYO:5108) announced such a price hike on June 5, Yokohama Rubber Co. Ltd. (TYO:5101) came out with its own on June 14, with Sumitomo Rubber Industries Ltd. (TYO:5110) then following suit on June 21 and Toyo Tire Corp. (TYO:5105) on...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that U.S. sales subsidiary Sumitomo Rubber North America Inc. has begun supplying Falken-brand tires for the new Jeep Gladiator pickup truck sold by FCA US LLC. The supply agreement includes Wildpeak A/T AT3W tires as OE, with Wildpeak M/T MT01 also being provided as an option. The Wildpeak A/T AT3W tires selected as...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has formed a basic business alliance agreement with TripodWorks Co. Ltd. and Sysgration Ltd., looking through this to create a new solutions system for tire management. Not content to stop simply at conventional tire sales, Sumitomo Rubber is aiming through this agreement to create a solutions system that makes use of...
