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Sumitomo Rubber considering Brazil, India tyre factories

International News

Sumitomo Rubber Industries Ltd. is reportedly considering building tyre factories in the emerging BRIC markets of Brazil and India. Reporting on a business strategy meeting held in Tokyo on 28 April, online news sources wrote that Sumitomo’s president Ikuji Ikeda said demand for tyres is growing rapidly in both countries, so expansion into these markets has become topic of discussion at Sumitomo Rubber. Various sources have reported that Ikeda said the company intends to establish its own plants there, but “may consider forming joint ventures with local firms.”

3rd May 2011/by Tyrepress Editors

Toyo raises commercial tyre prices in US

A price adjustment taking effect on May 1, 2011 will see the price of all commercial vehicle tyres sold by Toyo Tire U.S.A. Corp. increase by up to 15 per cent, with in-line adjustments occurring. The manufacturer states this rise reflects the continued escalation in raw material costs. “Due to the steep increase in the costs of raw materials affecting our industry, we must reluctantly raise prices of our product,” said John Hagan, senior director, sales, Toyo Tire U.S.A. “We appreciate the continued support and understanding of our dealers as we remain committed to providing the highest quality products.”

27th April 2011/by Tyrepress Editors

Toyo covers all operating conditions with H08 and H09

The two products in the Toyo range aimed at van users are the H08 and H09. The first of these is a tyre designed to meet the requirements of vehicles operating at motorway speeds as well on urban roads. Toyo reports the H08 gives first rate performance in the wet or dry combined with a long working life, and was designed to be a low maintenance tyre. Thus, the tyre maker adds, it is “very robust and durable to satisfy the most demanding users including the modern multi drop van fleets.” The H08 is also relied upon by the emergency services, Toyo notes.

26th April 2011/by Tyrepress Editors

Toyo to attend Supercar Sunday at Goodwood

As official sponsor and tyre partner for the Goodwood Revival, Toyo Tires will be at The Goodwood Breakfast club for ‘Supercar Sunday’ on May Day. With this in mind, company representatives are extending an open invitation: “why not head down to the Goodwood Circuit and join Toyo for some breakfast?”

15th April 2011/by Tyrepress Editors

Toyo to acquire majority share in Silverstone manufacturer

At present Toyo Tire & Rubber is in negotiations to acquire a 75 per cent interest in China based tyre manufacturer Shandong Silverstone Luhe Rubber & Tyre Co., Ltd. The Japanese company’s Board of Directors signed an acquisition agreement on April 12 and expects to close the acquisition deal in early June 2011. Toyo plans to begin producing Toyo brand tyres at the new subsidiary “as soon as practicable” and aims to “establish an optimal tyre supply system” both in China and in all its other overseas markets.

12th April 2011/by Tyrepress Editors

Toyo releases new UHP Proxes products

Toyo Tires’ has updated its flagship Proxes range, with the addition of the Proxes T1 Sport and the Proxes C1S. The Proxes line has been selected as original equipment on brands from Audi, Mazda and Nissan to bespoke sports cars like Westfield, Farbio and Invicta.

According to the company, the Ultra High Performance Proxes T1 Sport is all about making “the best even better.” For ultimate handling and grip in both wet and dry conditions, the Proxes T1 Sport is said to be “supremely stable,” even at fast motorway speeds. The tyre has an asymmetric tread pattern with a multi-compound concept engineered for braking, aquaplaning and cornering performance.

7th April 2011/by Tyrepress Editors

Toyo president visits earthquake affected factories

During a visit to Japan’s Miyagi and Fukushima Prefectures, Toyo Tire & Rubber’s president and CEO Kenji Nakakura personally presented an aid donation from the company to Yoshihiro Murai, governor of Miyagi Prefecture, and to the Prefectural Government Office in Fukushima. In total, Toyo has donated 150 million yen (£1.1 million) to assist with relief efforts.

29th March 2011/by Tyrepress Editors

Tyre shipments restart at Toyo’s Sendai plant

A further step towards normality was achieved at Toyo Tire & Rubber’s Sendai factory in Japan’s Miyagi Prefecture yesterday with the resumption of limited shipments of tyres from the plant a day after production was restarted. Toyo reiterates that production and deliveries will continue to be “on a restricted basis” for the time being due to the limited availability of electricity, fuel and raw materials, and the disruptions from the still-recovering transportation system. Production at Sendai will continue to rise, Toyo assures its customers, and will return to the correct level “at the earliest possible date.”

25th March 2011/by Tyrepress Editors

Toyo, Sumitomo restart production in earthquake affected areas

More than a week after the Japan earthquake caused widespread power outages and disruption to manufacturing in parts of the main island of Honshu, Toyo Tires and Sumitomo Rubber have recommenced production at factories located in affected areas.

24th March 2011/by Tyrepress Editors

Crisis in Japan: USW Pitches In, Goodyear OK

The United Steelworkers in Canada have donated $20,000 toward earthquake and tsunami relief efforts in Japan. Nearly 10,000 confirmed deaths occurred in the March 11 disaster. The donation came from the USW Canada’s Humanity Fund. The Steelworkers' contribution will be channeled through International Chemical Energy and Mining Unions Federation affiliates in Japan, and the Canadian Labour Congress.

23rd March 2011/by Tyrepress Editors

Toyo Tires sponsors UFC Lightweight fighter

Toyo Tire USA has announced that it will sponsor the Ultimate Fighting Championship Lightweight division fighter, Anthony “Showtime” Pettis as a Team Toyo Athlete for 2011. “I am proud to represent Toyo Tires,” said Pettis. “Toyo has always been a major supporter of mixed martial arts and I am honoured that they have selected me as an ambassador of their brand.”

22nd March 2011/by Tyrepress Editors

Toyo announces Japan relief donation

Toyo Tire & Rubber has joined its fellow countrymen Bridgestone and Yokohama Rubber in announcing assistance to the regions of Japan affected by the recent earthquake and tsunami. In a press statement expressing the company’s deepest condolences to the families who have lost their loved ones or otherwise suffered in the March 11 disaster, Toyo Tires announced it will donate 150 million yen (£1.1 million) to assist in relief efforts. The company is giving is giving 100 million yen to the Miyagi Prefecture and 50 million yen to the Fukushima Prefecture.

22nd March 2011/by Tyrepress Editors

Tyre makers, suppliers update operational status in Japan

A number of tyre manufacturers and materials suppliers have updated their progress towards resuming normal operations in Japan.

18th March 2011/by Tyrepress Editors

Nissan selects Toyo Proxes A20 as OE on 2011 Murano CrossCabriolet

Toyo Tire USA has announced that its Proxes A20 tyre will be fitted as original equipment on Nissan’s new 2011 Murano CrossCabriolet, which is available for sale this week. The Proxes A20 is an all-season tyre designed to reduce noise, while maintaining ride comfort in wet and dry. It also boasts reduced rolling resistance, according to the manufacturer.

14th March 2011/by Tyrepress Editors

Falken reports Shirakawa tyre plant suspension after tsunami

Falken has released a statement from its finance and admin director T. Ikeuchi, reporting that its Shirakawa factory has “stopped daily manufacturing operations due to the immediate black out, and because the factory building and equipments installed have been found partly damaged. Ikeuchi also stated that the company is “investigating the extent of the damages”, intending to recommence production as soon as possible. In addition, Ikeuchi said that all “Sumitomo Rubber Industries group employees and their families have been confirmed uninjured”.

14th March 2011/by Tyrepress Editors