Report Says Yokohama Considering Rubber Processing Role - Tire Review Magazine

Report Says Yokohama Considering Rubber Processing Role

(Akron/Tire Review) A senior official with Yokohama Rubber Co. told Dow Jones Newswires that the company is looking to take on its own natural rubber processing in an effort to curb raw material costs and assure supply of natural rubber.

According to Keiichi Sekiya, general manager of corporate purchasing and strategic sourcing, the move is one of “several highly confidential strategies” the company is considering. "We want to be closer to the (rubber) plantation people," Sekiya said. "It doesn’t mean we want to get into the plantation business."

Sekiya admitted that owning and operating its own rubber plantation probably isn’t in the cards for Yokohama due to the cost, but developing closer ties to existing plantation owners and latex processors – or even becoming a processor itself – could help cut costs.

The tiremaker would take more of an R&D approach, working with plantations on ways to improve product and processes with an eye to better natural rubber and lower processing costs.

Yokohama is currently “borrowing several processing lines from an unnamed Thai company,” the report said, and began considering its approach to the natural rubber processing industry some three years ago. "We have already borrowed some lines,” Sekiya told Dow Jones. “So we can know this cost structure. So, in the end we can find out how to get into the industry.”

Goodyear recently announced that it had improved its ability to substitute synthetic rubber for natural rubber in tire manufacturing, by up to 15%. Natural rubber, which has undergone massive price increases over the past few years, is now 50% more expensive than synthetic rubber.

You May Also Like

This year’s The Tire Cologne show focused on sustainability, use of resources

The Tire Cologne trade show featured 430 exhibitors from 35 countries with 14,400 participants from 109 countries.

Tire-cologne-logo

According to Koelnmesse, the organizer behind The Tire Cologne show based in Cologne, Germany, this year's event featured 430 exhibitors from 35 countries with around 14,400 participants from 109 countries.

"This event was full of positive energy from day one and clearly showed how important this stage is for establishing and expanding international business relationships in the industry," Oliver Frese, chief operating officer of Koelnmesse, said.

Comprehensive guide to serpentine belt and drive system maintenance

Properly maintaining the entire drive system prevents premature belt wear and system failure, ensuring customer satisfaction and vehicle reliability.

service advisor iq series
Randy Breaux, Group President, GPC North America, Talks to AMN Drivetime

At NAPA, “Breaux Knows” business relationships, ABCs to avoid, and serving the automotive professional.

Drivetime-Breaux-1400x700-UPDATED
Don’t estimate when it comes to parking brake adjustments

Let’s discuss a couple of different components of parking brakes to find out the best practices for adjusting them.

TR-Continental-Parking-brake-adjustments-1400
How the Autel MaxiSYS Ultra enhances service efficiency at Mighty Auto Pro

Time is money in vehicle repair, and the Autel MaxiSYS Ultra is all about enhancing technicians’ diagnostic prowess.

autel-inshop-1-1400

Other Posts

Team Falken secures podium finishes at NorCal Rock Racing Round 2 event

Justin Hall secured a first-place finish in the 4500 class racing with the Wildpeak R/T tires and Edwin Abd of ABD Motorsports took third.

Team-Falken-podium-finish
Apollo Tyres Onkar Kanwar receives lifetime achievement award

All India Management Association’s Managing India Awards aim to recognize those who have made a difference, creating an edge above peers.

AIMA-Awards-Apollo-Tyres
ZC Rubber unveils new EV series and EV editions of Westlake and Goodride tires

ZC Rubber introduced the Westlake ZuperAce EV, alongside the EV editions of Westlake ZuperAce Z-007 EV Ready and Goodride Solmax 1 EV Ready.

ZC-Rubber-EV-tire-lineup
Educate your customers utilizing AI

Discover how to generate quick, accurate explanations for repair orders and estimates, boosting your shop’s credibility and customer trust.

MainIQ-2