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.
As a result of the dissolution of Goodyear Tire & Rubber Co. and Sumitomo Rubber Industries’ alliance, SRI’s North American business units will be realigned. As part of this realignment, Falken Tire Corp. will be changing its name to Sumitomo Rubber North America (SRNA), Inc. effective Jan. 1, 2016. Richard Smallwood, current CEO and president
The Goodyear Tire & Rubber Co. has officially dissolved its global alliance with Sumitomo Rubber Industries. “This successful resolution enhances our flexibility to grow profitably as we focus on delivering strong performance and sustainable economic value,” said Richard Kramer, Goodyear chairman, CEO and president. “Despite current challenges in the global economy, the long-term growth prospects