Nexen Creates Joint Venture in Japan
Nexen Tire creates a joint venture in Japan with Toyota Tsusho Corp. – Nexen Tire Japan Inc.
Yokohama Completes ATG Acquisition
Yokohama Rubber Co. officially completed its $1.17 billion acquisition of Alliance Tire Group on July 1. Toru Kobayashi, former assistant to YRC president Hikomitsu Noji, has been appointed Alliance Tire Group chairman. The acquisition will help Yokohama expand its commercial tire business and give the tiremaker access to ag and forestry tire manufacturing – two
SRI Sponsors ‘Red Bull Air Race Chiba’
Sumitomo Rubber Industries’ Falken brand will be the official partner of the “Red Bull Air Race Chiba 2016.” Red Bull Air Race Chiba is the third of eight races being hosted as part of the Red Bull Air Race World Championship. The race is scheduled for June 4 and 5 in Chiba, Japan.
YRC Opens Winter Tire Test Facility
The Yokohama Rubber Co. has opened a new winter tire testing facility, the Tire Test Center of Hokkaido, in Asahikawa City, Japan. With continued global expansion of business, YRC’s winter tire testing needs have outgrown the company’s existing T*MARY winter tire test course in Takasu Town, the tiremaker said. Located at the site of a
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