Sumitomo Rubber N.A. to Increase Some Tire Prices May 1
The company says this price increase is due to increased costs in both transportation, labor and raw materials, in addition to other market factors.
Sumitomo Rubber Industries Elects New CEO
Sumitomo Rubber Industries’ board of directors has elected Satoru Yamamoto as its new CEO, subject to shareholders’ approval.
Executive Interview with Richard Smallwood, President and CEO Sumitomo Rubber North America
Smallwood shares his view on Falken’s recent price increases, the growth of the light truck segment and the brand’s relationship with ATD.
Sumitomo Rubber North America Hires VP of OE
Sumitomo Rubber North America has hired David Colletti as its vice president of original equipment.
Sumitomo Rubber Signs Sponsorship Agreement with Soccer Team
Sumitomo Rubber Industries has entered into a “platinum” sponsorship agreement for its Falken brand with FC Ingolstadt 04, a team competing in the Bundesliga German pro soccer league. Sumitomo first started sponsoring FC Ingolstadt 04 in 2015. Effective through July 2017, the new deal allows the tiremaker to broadcast commercials on the big screen at
Strong Growth for Sumitomo Rubber Industries in H1 2014
Robust growth was once again order of the day at Sumitomo Rubber Industries (SRI). The company reports that in the first half of 2014 its turnover has increased to 379 trillion yen ($3.7 billion). This growth almost exclusively came through the company’s tire business; SRI is the second largest Japanese tiremaker and its active worldwide
Sumitomo Rubber Forms Two Thai JVs
Sumitomo Rubber Industries plans to establish two joint venture companies with Thai Eastern Group in Thailand in order to secure natural rubber supply. The first JV, Sumirubber Thai Eastern Plantation, involves managing a natural rubber plantation that will begin operations in 2014. Sumitomo Rubber will own 49% of the $13.5 million venture. The second, operation
Sumitomo Rubber Buys Hwa Fong Thailand Plant
Sumitomo Rubber Industries has announced its intention to buy Taiwanese tyremaker Hwa Fong Rubber Co.’s Thailand plant for 2.36 billion yen (roughly ≤12.5 million).
Sales Up, Net Profit Down at Sumitomo Rubber
Sumitomo Rubber Group has released interim results for the financial year ended Dec. 31, 2007.
Sumitomo Rubber Aims at 100% Natural Rubber Tire
(Tech-On.com) Sumitomo Rubber Industries Ltd. has unveiled its current tire technology development and visions.