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You are here: Home1 / rubber products

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Heads roll at Toyo in light of earthquake dampner scandal

Career Tracks, Company News, International News

On 23 June Toyo Tire & Rubber Co., Ltd. chairman Akira Nobuki resigned and executive corporate officer Tetsuya Kuze was demoted in order to take responsibility for Toyo Chemical Industrial Products Co., Ltd.’s sale of non-compliant seismic isolation rubber products. Four more executives announced their retirement. All the personnel changes take effect from 1 July 2015.

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Related news:

  1. Toyo Tire anti-quake rubber controversy sends shockwaves through share price
  2. Toyo Tire & Rubber chairman resigns
  3. Non-certified Toyo earthquake aborbers found in 90 more buildings
  4. New headquarters for Toyo Tire
25th June 2015/by Tyrepress Editors

Non-certified Toyo earthquake aborbers found in 90 more buildings

Company News, International News

90 more buildings in Japan were constructed with earthquake shock absorption devices that did not meet certification standards. According to The Japan Times, this brings the latest figure brings the total to 145. The report also quotes Toyo as saying four employees may have been involved in falsifying performance data on the quake-absorbing rubber equipment.

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Related news:

  1. Toyo Tire anti-quake rubber controversy sends shockwaves through share price
  2. Heads roll at Toyo in light of earthquake dampner scandal
  3. Toyo sells half its Bridgestone shares
  4. Toyo Tire net sales down 9.8% in Q1
27th April 2015/by Tyrepress Editors

Toyo Tire anti-quake rubber controversy sends shockwaves through share price

Company News, International News, Premium

Toyo Tire & Rubber Co.’s share plummeted by the most in four years this week after the company revealed that a rubber product it sold as a building material for protecting against earthquakes failed to meet the necessary certification. The news, which was released in an official statement on 13 March, revealed that that its […]

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Related news:

  1. Rosneft buys 13 per cent of Pirelli
  2. Non-certified Toyo earthquake aborbers found in 90 more buildings
  3. Heads roll at Toyo in light of earthquake dampner scandal
  4. Toyo Tire & Rubber names new president, chairman
17th March 2015/by Tyrepress Editors

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