TBC Brands Displaying New Sumitomo Commercial Tires at TMC Meeting
TBC Brands will display the new Sumitomo ST788 SE Steer Position and ST948 SE Drive tires at the Technology and Maintenance Council (TMC) Annual Meeting & Transportation Technology Exhibition in Nashville, Feb. 27 – March 1.
Sumitomo Expands Tire Production in Brazil
Sumitomo Rubber Industries Ltd. announced plans to invest $312 million to add bus and truck tires production in Brazil, expanding its existing facility by an additional 144,000 square feet. In a formal statement, the company decided to begin production of truck and bus tires in order to ensure a steady supply of truck and bus
Sumitomo Invests $55 Million at South Africa Plant
Sumitomo Rubber Industries is investing $55 million to start producing truck and bus tires at its South Africa passenger car and light truck tire facility. The investment in equipment will help the tiremaker meet increasing TBR tire demand in the market. Currently Sumitomo Rubber South Africa supplies imported truck and bus tires to African markets.
Smallwood Named Sumitomo Executive Officer
Sumitomo Rubber North America’s President and CEO Richard Smallwood has been appointed to executive officer of Sumitomo Rubber Industries. Smallwood will continue to serve as president and CEO of Sumitomo Rubber North America, a position he has held since April 2011. The board of directors will officially approve Smallwood’s appointment at its meeting on March
Sumitomo Produces First North American-Made Falken Tire
Sumitomo Rubber USA (SRUSA) has cured its first Falken brand tire in North America at its plant in Buffalo, N.Y. “It’s great to see the first Falken-branded tire come out of SRUSA,” said Kenji Onga, SRUSA CEO and chairman, and Sumitomo Rubber North America chairman. “Due to our domestic manufacturing, the tires that come out
Sumitomo Opens Turkey Plant
Sumitomo Rubber Industries’ tire factory in Turkey was inaugurated by the president of Turkey, Recep Tayyip Erdogan, Balkans.com reports. The $520 million plant was built in partnership with Abdülkadir Ozcan A.S (AKO) and the tiremaker plans to manufacture 10 million tires per year. The plant will employ 2,000 people and is expected to export 80%
Sumitomo Upping Thai Plant Output
Sumitomo Rubber Industries is planning to increase its tire production by 9% at its Rayong Province plant in Thailand, according to Asian Review. In June, Sumitomo severed business ties with Goodyear Tire & Rubber Co. over the Dunlop brand, giving the Japanese tiremaker more freedom to develop American and European markets. By increasing its production
Sumitomo’s Brazil Factory Meets Environmental, Safety Standards
The Sumitomo Rubber Group’s tire factory in Fazenda Rio Grande, Brazil has been awarded both the ISO 14001 Environmental Management System Standard and the OHSAS 18001 Occupational Health and Safety Standard, Tyres & Accessories reported. With its most recent certification, Sumitomo has obtained ISO 14001 certification for 31 of its facilities. This is also the
Sumitomo to Invest in South African Factory
Sumitomo Rubber Industries will invest $100 million in its South African factory, the Asian Review reports. The tiremaker will expand on its facility in the KwaZulu-Natal province, which was purchased from Apollo Tyres in 2013. Currently the site produces 9,600 tires a day, but Sumitomo plans to increase daily output to 12,200 tires in 2016
Goodyear Break-Up Might Mean Bad News for Sumitomo
While the news that Goodyear Tire & Rubber Co. is looking to exit its international joint venture with Sumitomo Rubber partly precipitated a 10% intra-day leap in Goodyear’s share price, commentary on the latest financials published by Sumitomo suggests that the JV break-up the two companies are currently in arbitration over what could be bad