In the first quarter of 2020 Toyo Tire Corporation reported net sales of 82,094 million yen a decrease of 8,049 million yen (-9.8 per cent) compared with the first quarter of 2019. Its operating income for the quarter was 6,936 million compared to 10,174 million yen (-31.87%) in the first quarter of 2019.
Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.
The shutdowns and deteriorating demand in the automotive sector have caused GlobalData to revise its North American and European light vehicle (LV) production forecasts for 2020 and beyond. This is a stark illustration of how serious the COVID-19 crisis, which has caused sales to whither and shuttered manufacturing plants, is becoming for the automotive industry, says data and analytics company, GlobalData.
Eight Bridgestone tyre plants in Japan will soon shut down for six production days in response to decreased demand. In addition, the company is closing three non-tyre production facilities for up to four days.
A new strategic partnership between Toyo Tire Corporation and automotive component manufacturer JAOS Corporation aims to increase the value of both brands within the SUV and 4×4 sector around the world. The two Japanese companies will collaborate in marketing activities and leverage their aggregate knowledge gained through joint participation in motorsports events and original product testing.
Tokyo has experienced more than its fair share of misfortune when it comes to hosting the Olympic Games. Confirmation came this week that, for the second time in modern Olympic history, the event wouldn’t take place as scheduled in the Japanese capital. The Games of the XXXII Olympiad are now expected to take place next year.
A new technique to observe and analyse individual materials within tyre rubber offers “enormous potential” for the development of high-performance tyres with unprecedented levels of efficiency and wear resistance, engineers at Sumitomo Rubber Industries (SRI) and Ibaraki University claim.
Another tyre maker contributing to coronavirus relief efforts is Sumitomo Rubber Industries, Ltd. The Japanese tyre maker shared yesterday that it has donated RMB 2 million (£220,000) to non-governmental organisation the China Charity Federation. The donation supports the charitable organisation’s ongoing efforts to provide relief to those who are suffering from pneumonia and other ailments caused by the strain of coronavirus that continues to spread in China’s Hubei Province and beyond.
Four tyre plants in Japan and the Americas are amongst seven Bridgestone Corporation facilities to receive Caterpillar Inc.’s highest Supplier Quality Excellence Process (SQEP) rating. The manufacturer of construction and mining equipment has awarded Platinum Level certification to Bridgestone’s Hofu and Shimonoseki (Japan), Des Moines (USA) and Santo André (Brazil) plants.
The Yokohama Rubber Co., Ltd. has been named on the 2019 Climate Change A List announced on 20 January by CDP, a global environmental impact non-profit organization (NPO) that aims to promote the realization of a sustainable economy. Inclusion on the internationally prestigious CDP A List of companies with outstanding environmental performance recognizes Yokohama Rubber’s efforts to mitigate climate change as being of the highest global standard. This is the second time Yokohama Rubber has been included in the CDP Climate Change A List, following its first listing in 2016.
Working together with a Japanese university, Sumitomo Rubber Industries, Ltd. (SRI) has established a new technique for observing materials contained within tyre rubber. This process differs from existing methods as it enables an evaluation of the actual rubber used in mass-produced tyres rather than relying upon processed test samples. The company behind the Falken tyre brand foresees the technique facilitating the development of tyres with superior performance characteristics.
Bridgestone reports that it yesterday completed the cancellation of Treasury Stock pursuant to Article 178 of the Companies Act, a measure decided upon at a meeting of its Board of Directors on 15 February 2019. A total of 47,838,200 common shares have been cancelled, 6.8 per cent of issued shares.
On 11 January, Sailun Tire and production car drifting series D1 Grand Prix (D1GP) signed their official partnership for the 2020 season, solidifying Sailun as an official strategic partner and tyre supplier for what many consider to be the world’s top international drifting event.
Materials maker Asahi Kasei America has opened an office in Novi, Michigan to reach out to the automotive industry in North America. In North America, Asahi Kasei manufactures and sells car interior materials, compound resins, and battery separators, as well as electronic components for the automotive industry.