Synthetic rubber producer Synthos has signed a Memorandum of Understanding (MOU) with Sumitomo Rubber Industries (SRI), manufacturer of the Falken tyre brand and Dunlop tyres for many markets outside Europe. Under the terms of this MoU, the partners will promote the development and use of high-performance rubber powders for the production of sustainable tyres.
Sumitomo Rubber Industries, Ltd. (SRI) has announced its financial results for the nine months ending 30 September 2024, showcasing moderate revenue growth and a significant increase in business profit, despite ongoing challenges in the global economic landscape and sluggish tyre sales in key markets.
The days of Falken and Dunlop tyre manufacture in North America are numbered. During a Board of Directors meeting held today, Sumitomo Rubber Industries, Ltd. (SRI) resolved to end production at the Tonawanda, New York-based plant operated by its Sumitomo Rubber USA, LLC (SRUSA) subsidiary, and to dissolve the subsidiary after “making the necessary preparations.” This decision affects up to 1,555 employees.
Sumitomo Rubber Industries is placing an increased emphasis upon protecting the reputation of its Dunlop tyre brand in China and is communicating with both dealers and consumers about how to identify the genuine item.
Sumitomo Rubber Industries, Ltd. (SRI) has released its consolidated financial results for H1 2024. For the six months ended 30 June, SRI reported a sales revenue of ¥587,041 million (£3.18 billion), marking a 4.6% increase from the ¥561,161 million recorded in the same period of 2023. The company’s business profit surged by 147.6%, reaching ¥42,294 million (£229.21 million), while operating profit experienced a 149.6% increase to ¥41,951 million (£227.39 million).
Sumitomo Rubber Industries, Ltd. is partnering with leading experts in Japan on a significant project unrelated to tyres but with substantial societal benefits. Together, they are working on developing a new cancer therapy using a “cancer cell absorption kit” that employs a unique polymer developed by Sumitomo Rubber.
Sumitomo Rubber Industries, Ltd. has released the latest edition of its corporate Fact Book, and the publication lives up to its name by offering 52 pages of financial and operational information. The manufacturer of the Falken tyre brand dives in with reportage of its 2023 financial statements, including sales revenue of 1,177.40 billion yen (£5.71 billion), operating profit that rose 330.3 per cent year-on-year to 64.49 billion yen (£312.70 million), and profit for the year of 38.51 billion yen (£186.71 million), a year-on-year increase of 209.1 per cent.
In collaboration with several partners, Sumitomo Rubber Industries, Ltd. has achieved a further breakthrough in tyre technology. SRI teamed up with experts from institutes within Japan to develop a new synchrotron radiation technique that can measure the motion of atoms, molecules, and nanostructures within an extremely short timeframe, including down to 1 nanosecond. With this advancement, the Falken brand manufacturer anticipates enhancing its tyres’ strength and wear resistance.
Sumitomo Rubber Industries, Ltd. (SRI) has begun supplying Dunlop Grandtrek AT23 and Grandtrek PT22 tyres as factory standard tyres for the new Land Cruiser 250, launched in Japan this April. The new Land Cruiser 250 will feature Dunlop Grandtrek AT23 tyres in size 265/65R18 114V and the Grandtrek PT22 in 265/60R20 112H.
Sumitomo Rubber Industries (SRI) reports a 5.3 per cent year-on-year increase in sales revenue during the quarter ending 31 March 2024, to ¥291,360 million (£1,482.03 million). Business profit surged by 190.7 per cent to ¥23,183 million (£118.04 million), operating profit rose by 166.5 per cent to ¥20,696 million (£105.31 million) and profit attributable to owners of the parent jumping by 520.2 per cent to ¥24,841 million (£126.47 million).
Sumitomo Rubber Industries, Ltd. (SRI) has unveiled a new technique for predicting noise generated by the combined vibration of tyres and vehicle. By simulating how tyres roll when in motion and applying the lessons learned, SRI anticipates that both tyre and vehicle manufacturers will be able to reduce their products’ noise emissions.
Sumitomo Rubber Industries, Ltd. (SRI) has commenced a collaborative research venture with Khon Kaen University, focusing on advancing techniques in rubber tree tissue culture. The Falken tyre brand manufacturer formalised this agreement at a signing ceremony held at the university’s campus in Thailand.
In mid-March 2024, Sumitomo Rubber Industries, Ltd. began supplying 235/60R18 103H Dunlop Grandtrek AT tyres as original equipment on the new Lexus NX Overtrail, which launched in February.
During an earnings call with investors in mid-February, Sumitomo Rubber Industries (SRI) did the closest thing possible to throwing its hat into the ring when it comes to buying Dunlop tyre brand rights when SRI executives acknowledged their interest in buying Dunlop in Europe and North America. Those rights currently belong to The Goodyear Tire & Rubber Company, which recently announced its intention to position Dunlop as a “strategic player within the high-end value segment of the market” to prevent direct competition against its main Goodyear brand within the premium segment.
The Science Based Targets Initiative (SBTi) has granted Sumitomo Rubber Industries, Ltd. (SRI) certification for its greenhouse gas emission reduction targets for 2030, deeming these to be consistent with scientific evidence. For Scope 1 and Scope 2, SRI aims to reduce absolute emissions by 55%, compared with 2017 levels. SRI’s target for Scope 3 and Category 1 is to reduce absolute emissions by 25%, compared with 2021.
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