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Cheaper Raw Materials Help Tire Manufacturers Increase Profit (Part 1)

on November 19, 2015 in Market Background, Tires

In the first three quarters of 2015 (January–September), consolidated financial results for four Japanese tire manufacturers—Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd.—showed large gains in operating income thanks to low prices for crude oil, natural rubber and synthetic rubber. The lower raw material prices translated into gains for Bridgestone of...

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Sumitomo Rubber Develops Biomass Materials for Tires

Sumitomo Rubber Develops Biomass Materials for Tires

on November 18, 2015 in Materials, Tires

Sumitomo Rubber Industries Ltd. announced at a recent press conference that it is developing highly functional biomass materials for tires. Conventional rubber used in tires contains oil from fossil resource as a softener. The problem, however, is that the oil gradually leaches out of the rubber, causing tires to harden. Sumitomo Rubber solved this problem by using plant-based oil as...

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