Yokohama Rubber Co. Ltd. (TYO:5101) announced on March 18 that it will be gradually drawing production to a halt at LLC Yokohama RPZ, a Russian subsidiary that manufactures passenger car tires. The company cited issues with raw materials procurement as being behind its decision here. Commenting further, Yokohama Rubber said that it hopes for the current situation between Russia and...
Bridgestone Corp. (TYO:5108) announced on March 14 that it would be stopping its production of tires in Russia, as well as its tire exports to the country. On the production front, Bridgestone is suspending operations at its Russian plant for passenger car tires – located in Ulyanovsk – and freezing all new capital investment in the country. The company decided...
Bridgestone Corp. (TYO:5108) has announced that it is set to consolidate its production bases for truck and bus radial tires in China. Under its 2021–2023 medium-term business plan, Bridgestone is striving to rebuild its earning power by pursuing global restructuring efforts over the medium–long term for all of its operations, including tires, diversified products and material manufacturing. This latest decision...
Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it intends to invest in additional production capacity at its Visakhapatnam Plant, which is currently under construction in India. This comes with the aim of further increasing the production capacity of Yokohama Off-Highway Tires (YOHT), a company division of subsidiaries engaged in the production and sale of off-highway tires (OHTs) for the...
Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it is set to trial the use of hydrogen in some processes at its Shirakawa Factory in Fukushima Prefecture. Demonstration testing for this is slated to run over August 2021 – February 2024. The project will see Sumitomo Rubber receive support from the New Energy and Industrial Technology Development Organization (NEDO), which...
Bridgestone Corp. (TYO:5108) is looking to improve a range of facilities at its Shimonoseki Plant, the company’s flagship production base for mining and construction vehicle tires. The investment here is set to total 10.2 billion yen ($93.64 million), with construction slated to begin in 2022 and be completed by the end of 2025. This project comes as part of Bridgestone’s...
