Yokohama Rubber has in January switched all electricity used on the motorsports tire production line at its Mishima Plant to electricity derived from renewable energy sources. With this move, the company will supply tires that contribute to carbon neutrality in various motorsports in Japan and abroad from 2023. The introduced renewable energy power is granted FIT Non-Fossil Certificate with Tracking...
Yokohama Rubber said on March 25 that the European Commission has completed its review of the company’s acquisition of all shares in Trelleborg Wheel Systems, a Sweden-based company that produces and sells tires for agricultural machinery and industrial vehicles. The approval was unconditional. The U.K. competition authorities are currently reviewing the transaction, and their decision is expected to be announced...
Yokohama Rubber has begun production and sales of high load capacity (HLC) tires for EVs, hybrid cars, large SUVs, and other heavy vehicles equipped with large-capacity batteries. The company is currently promoting tires for use on new vehicles (OE) and for aftermarket use, with a view to expanding into products for the aftermarket in the future, in line with market...
Yokohama Rubber said it will sign a partnership agreement with swimmer Rikako Ikee to work with the company. At the announcement held on March 6, President Masataka Yamaishi said, “Our company has entered into a partnership agreement with Rikako Ikee effective April 1. I believe that many people in Japan were encouraged by the way she never gave up and...
Yokohama Rubber will increase its passenger car tire production capacity in India to meet the growing demand in the Indian market. The company will invest an additional $82 million to build a new passenger car tire production line on the premises of its Visakhapatnam plant in eastern India. This will increase the company’s passenger car tire production capacity from the...
Yokohama Rubber has revealed its financial results for calendar 2022, including revenue of 860.48 billion yen ($9.35 billion), up 28.3% year-on-year; business profit of 70.09 billion yen, up 12.8%; and net profit of 45.92 billion yen, down 29.9%. While the company’s net profit fell year-on-year due to a number of factors – such as the previous year’s figures having been...
