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Yokohama Establishes Chinese High-pressure Hose Subsidiary

Following the news that it will double the size of its Thailand production plant, Yokohama has also announced that in December it will establish Yokohama Hose & Coupling (Hangzhou) a subsidiary for assembling and selling high-pressure hoses and their metal fittings in China. The subsidiary’s plant will be located in the Economy and Technology Development Zone, Hangzhou City, Zhejiang Province and commence operation in April 2005. The new company will be capitalized at $350,000.

In China, the demand for construction machinery has been rapidly increasing because of consecutive large-scale projects associated with the Beijing Olympic Games in 2008 and the Shanghai Expo in 2010. High-pressure hoses are a indispensable components for hydraulic devices used in construction machinery. At least for the time being, the new company will concentrate on the OEM business with Japanese construction machinery makers. At the same time, however, the company says it will “proactively conduct market research” in connection with the demand for replacement high-pressure hoses. It also plans to begin local production of metal fittings as soon as possible.

22nd November 2004/by Tyrepress Editors

New year New Price Increases

Continental Tire North America has announced that it will raise prices of its commercial and off-the-road tyres, from the 1 January 2005, as a result of rising raw material and other costs.

The increase, which will be between three and six per cent will affect all of its truck and off-road brands including Continental, General and Semperit.

19th November 2004/by Tyrepress Editors

Yokohama’s Income Decreases

In its third quarter Yokohama Rubber saw net sales rise by 4.3 per cent to ¥189.7 billion. The company claims that this reflected “solid tyre sales overseas.” However, net income fell by a massive 51.6 per cent, to ¥719 million. The manufacturer claims that this was due to inventory losses and a loss on devaluation of securities investment.

Operating income also declined by 6.3 per cent to ¥4.3 billion, and has been put down to the increase in prices of natural rubber and other raw materials. Yokohama is also citing higher logistics costs stemming from increased export volume and a jump in shipping charges to the decline in income.

12th November 2004/by Tyrepress Editors

Yokohama Exhibits ADVAN in Las Vegas

Continuing in the pattern of recent international automotive shows, Yokohama is exhibiting its ADVAN range in Las Vegas. Yokohama sees the ADVAN brand as symbolic of the company’s “global concept.” At the SEMA Show, Yokohama will exhibit ADVAN Sport, the company’s new sport tyre, ADVAN ST, its new flagship tyre for the SUV (Sport Utility Vehicle), and ADVAN Neova, which the company describes as a “maximum performance radial.”

ADVAN sport has recently been selected by Bentley as standard equipment for its Continental GT, the world’s fastest four-seats coupe. According to the company, Yokohama Rubber plans to begin marketing ADVAN brand tyres in 2005. In addition, Yokohama will also introduce the Parada brand and the AVID TRZ, premium all season touring tyre at the show.

3rd November 2004/by Tyrepress Editors

Yokohama Invest In Philippines

Yokohama Rubber has announced that it will invest some 10 billion yen (£50. 9 million) at its Yokohama Tire Philippines subsidiary in a bid to increase its production capacity to 7 million tyres, by September 2006.

27th October 2004/by Tyrepress Editors

The Fastest Four-Seat to Adopt Yokohama Advan Sport Tyre

Yokohama Rubber Co, Ltd has announced that its flagship sport tyre Advan Sport has been as the 20 inch option tyre for the Bentley Motors Continental GT. Bentley has adopted the 275/35ZR20 for the Mulliner Driving Specification Continental GT, on both front and rear axles.

6th October 2004/by Tyrepress Editors

Yokohama Creates New Hose Division

Yokohama Rubber has announced that it will create a hoses and coupling division as of the 1 October.

The company will merge the operation of Yokohama Hydex, a wholly owned subsidiary, so that the production and assembly of hoses are integrated under one chain of command. The move will be made in an attempt to improve the efficiency of the business.

The new division will head a hoses and coupling sales department, engineering department and quality assurance department. The Yokohama Hydex head office in Tokyo and Nagoya will be integrated with the MB Tokyo Office and MB Nagoya Office of Yokohama Rubber, respectively. And the branch office functions in Osaka and Hiroshima will be transferred to the new hoses and coupling sales department.

Hydex Tokyo and YH America, will now become 100 per cent subsidiaries of Yokohama Rubber. Yokohama Hydex employees will be transferred to Yokohama Rubber.

1st October 2004/by Tyrepress Editors

Yokohama Make IAA Debut

Yokohama marked its IAA debut by featuring its new HiTES pressure monitoring system as the centrepiece of its stand.

23rd September 2004/by Tyrepress Editors

Yokohama’s Aggressive Advan Brand

Yokohama Rubber is to launch its new ADVAN brand at the Paris Motor Show 2004 (Mondial de l’automobile 2004), which commences on the 25 September.

The company describes the new product as its “symbolic” brand, representing its “global concept.” Yokohama plans to aggressively confront its new business strategy through the new brand, which includes developing flagship tyre products, participating further in motorsports, and co-developing activities with world leading carmakers and tuners. ADVAN is said to represent the company’s spirit of pursuing high performance and high quality products.

The new products will be introduced in markets around the world and sale of the tyres is scheduled to begin in 2005.

First introduced in 1978, ADVAN has been used for motorsports activities and high performance tyres in Japan. Its presentation at the Paris Motor Show will be the first fully-fledged introduction in the European market. Yokohama will exhibit ADVAN Sport and ADVAN S.T, its SUV tyre. The company’s run flat tyre systems, including the Z.P.S. and the Support Ring System will also be displayed at the exhibition.

22nd September 2004/by Tyrepress Editors

Conti Plan Chinese Venture

Chinese company Qingdao Doublestar has announced that it is forming a joint venture with Continental in China.

In a statement to the Shenzhen stock exchange the Chinese company is said to have reported that Conti is expected to start negotiations on financial terms and other venture details.

Once again the market’s focus is on China, where passenger car sales surged 76 per cent last year to 1.97 million units. Goodyear Tire & Rubber, Michelin and Yokohama all have existing operations within the expanding market.

21st September 2004/by Tyrepress Editors

Zisser Banned from Selling Wanli S-1099

A US court has banned wholesaler Zisser Tire from selling Wanli S-1099 tyres, which, according to the ruling, infringe Yokohama’s trademarks.

10th September 2004/by Tyrepress Editors

Yokohama to Debut ADVAN Brand at Paris Motor Show

Paris Motor Show 2004 will provide the venue for the European debut of Yokohama’s ADVAN brand, the company has said.

9th September 2004/by Tyrepress Editors

Yokohama Results for First Quarter

The Yokohama Rubber Co., Ltd. yesterday announced its consolidated results for the first quarter ended June 30, 2004. During the quarter, net sales increased 7.5% to 91,072 million yen, operating income 11.8% to 3,287 million yen, ordinary income 34.5% to 2,856 million yen, and net income 59.3% to 986 million yen.

11th August 2004/by Tyrepress Editors

Ruedatec Joins Bandag Dealership

Ruedatec has officially joined the European network of Bandag dealers. Its new retreading shop and administrative building have now been formally inaugurated in the presence of Bandag’s Peter De Cabooter, sales director for Europe, Middle East and Africa (EMEA) and Danny Van Essche, EMEA marketing director.

7th July 2004/by Tyrepress Editors

New Management Structure at Yokohama

The Yokohama Rubber Company Ltd has formally announced that it will formally start using a new management structure as of tomorrow (2 July). The structure will be headed by new chairman and representative director, Yasuo Tominaga, and new president and representative director, Tadanobu Nagumo. Currently the pair are both representative directors and are president and executive director respectively.

1st July 2004/by Tyrepress Editors