As reported on Tuesday, Yokohama Off-Highway Tires (YOHT) has opened its third factory in India. Yokohama Rubber has shared some additional details about the new plant in Visakhapatnam, Andhra Pradesh, which alongside existing facilities in Dahej, Gujarat and Tirunelveli, Tamil Nadu will produce YOHT’s core Alliance, Galaxy and Primex off-highway tyre brands.
Yokohama Rubber hopes to speed up its tyre development process by implementing new rubber compounding technology that draws upon the power of artificial intelligence (AI). It is turning to a process that utilises AI-based compound generation technology to achieve user-set target property values.
For light commercial vehicle fleet operators, self-employed van drivers and small businesses, getting from one job to another in confidence is crucial. Durability and longevity are therefore a significant factor when choosing the right tyres for their vehicle. Acknowledging this, Yokohama has designed a its van tyre range to address the varying needs of operators in the segment.
In October, Yokohama announced that the company had appointed ex-Pirelli and ex-Prometeon executive Gregorio Borgo as its European president. Roughly nine months later, there are a number of indications that the European business is entering a new chapter, which includes plans to invest in the construction of a factory “in the heart of Europe”.
Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.
Following his departure from Prometeon last month, Peter Fairlie has been named as the new CEO of Yokohama HPT Ltd and will officially join the company on 13 July 2022.
Yokohama Rubber has refreshed its dedicated motorsports website. Both the English and Japanese language versions of the Yokohama Motorsports sites have been given the treatment and now feature full-screen designs. Yokohama says this format “enhances user convenience.”
Although the sales revenue of 185.6 billion yen (£1.2 billion) earned by the Yokohama Rubber Co., Ltd. in Q1 2022 was the highest figure it ever achieved in the January-to-March quarter and a 28.4 per cent improvement on the result attained a year earlier, the company nonetheless had little cause for celebration by the time rising costs and other complications were factored in. Profit attributable to owners of parent declined 63.5 per cent year-on-year in the first quarter of 2022 to 10.2 billion yen (£64.9 million). Operating profit was, at 13.7 billion yen (£87.1 million), down 62.7 per cent.
Yokohama Rubber and Alps Alpine have jointly developed a technology that automatically detects wear in car tyres. The tyre maker sees potential for this technology in self-driving vehicles and shared mobility fleets.
The Yokohama Rubber Co., Ltd. has been selected as a constituent stock in the FTSE Blossom Japan Sector Relative Index, an equity index designed to reflect the performance of Japanese companies that demonstrate strong environmental, social and governance (ESG) practices.
Yokohama Rubber views motorsport engagement as “crucial” to the development of new tyre technologies for its Advan and Geolandar brands, and this focus is reflected in its motorsports activity plan for 2022. Not only will the company participate in a wide variety of motorsport events in its home market Japan and around the world, from top-level championships to grassroots racing, the tyre maker also intends to begin using its presence in motorsport to further its development of tyres that use renewable and recyclable materials.
Yokohama Tire Corporation (YTC) has promoted Ray Polentz to the role of senior director of supply chain and logistics. He will report to YTC president and chief executive officer Jeff Barna.
The Yokohama Rubber Co. Ltd. has decided to promote one of its senior technical executives, Koji Watanabe, and increase his area of responsibility. According to a statement issued by the company on 29 March, the decision took effect from 30 March 2022.
Apart from the 2.1-billion-euro price tag what does Trelleborg Group stand to gain from the sale of its Trelleborg Wheel Systems business unit?
Now Yokohama has confirmed its acquisition of Trelleborg Wheel Systems (TWS), we can talk more definitively about the rationale behind the purchase. There are several drivers behind the acquisition, but they all boil down to Yokohama’s desire to increase global leadership and rebalances its product mix.
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