Sumitomo Rubber Group
Electric vehicle-specific aftermarket Falken tyres will arrive in Europe next year, says Sumitomo Rubber Industries. The tyre maker reported the planned release of the Falken e.Ziex upon announcing the April 2022 launch in China of a replacement market range aimed at electric vehicles, the Dunlop e.Sport Maxx.
The Sumitomo Rubber Group’s two tyre factories in the People’s Republic of China are now operating on 100 per cent renewably sourced energy. The transition to renewable was completed this month, and Sumitomo Rubber Industries says additional measures will further increase the Changshu and Hunan plants’ sustainability credentials.
Sumitomo Rubber Industries (SRI) has presented the “next evolution” of its proprietary Advanced 4D Nano Design materials development technology. The manufacturer of the Falken and (outside Europe) Dunlop tyre brands also reports it is utilising supercomputer technology to accelerate its work on materials simulation.
Sumitomo Rubber Industries (SRI), manufacturer of the Falken tyre brand, recently began proof-of-concept testing for a new kind of tyre pressure management solutions service that remotely monitors tyre pressure and temperature. Through this testing project, SRI will evaluate the service’s efficacy in supporting safer driving, specifically its effectiveness in reducing maintenance time and workload and preventing operator error. SRI says the project contributes towards its “ultimate aim” of establishing a business model that “helps to enhance the safety and economy of driving.”
Anyone who’s spent time in a garage or tyre shop knows that the smell of rubber is an acquired love. And there’s good news for those who never acquire this love – Sumitomo Rubber Industries, Ltd. has, after identifying the factors that cause natural rubber to emit an odour, developed ‘Reduced Odor Natural Rubber,’ a new type of natural rubber that emits significantly less odour.
After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.
On 27 December, Japan’s Sumitomo Rubber Industries, Ltd. entered into an agreement with UK-based sporting goods retailer Sports Direct International plc to acquire the international trademark rights for the Dunlop brand and the brand’s sporting goods and licencing businesses. The transaction carries a purchase price of US$137.5 million.
On 5 October, Sumitomo Rubber (Thailand) Co., Ltd. (SRT), the Sumitomo Rubber Group’s tyre manufacturing and sales subsidiary in Thailand, celebrated the tenth anniversary of operations at its passenger car and agricultural/industrial tyre plant in Rayong Province. The festivities were attended by around 300 guests, including the Governor of Rayong Province, representatives from various government agencies, business partners, customers and factory staff, as well as Ikuji Ikeda, president of Sumitomo Rubber Industries, Ltd (SRI).
The Goodyear Tire & Rubber Company is to pay Sumitomo Rubber Industries, Ltd. (SRI) US$271 million to end its global joint venture with the Japanese firm. Goodyear expects to increase annual income as a result of the deal, while SRI will take on expanded use of the Dunlop name around the world. This largely means Russia, Africa and Asia, but not Europe.
The reasoning behind the dissolution? According to SRI, the North American and European joint ventures did not perform as initially expected. Furthermore there was decreasing technology exchange between the two companies – all of which led both parties to “dissolve the alliance in a constructive manner”. This led to the arbitration filing and subsequent dissolution talks in January and February 2014 respectively.
Sumitomo Rubber Industries’ new financial year got off to a sluggish start, with sales declining 2.9 per cent year-on-year in the January-March period to 185.2 billion yen (£976.3 million). Ordinary income went down 34.6 per cent to 12.0 billion yen (£63.3 million) and gave a margin of 6.5 per cent, compared with 9.4 per cent a year earlier. Net profit fell 29.4 per cent to 7.7 billion yen (£40.6 million).
A concept tyre produced by Sumitomo Rubber Industries offers a glimpse into how future drivers of plug-in hybrid electric vehicles, or PHEVs, may be able to enjoy both sporty handling and efficiency. The Falken concept tyre features different tread areas in order to address the conflict between rolling resistance (and its influence on range) and the need to offer the sharp, sporty dynamics that sports SUV drivers expect.
For the nine months ending 30 September 2014, Sumitomo Rubber Industries reports net sales of 575.3 billion yen (£3.2 billion), a result 8.2 per cent higher than in the corresponding period of 2013. Operating income amounted to 49.1 billion yen (£269.3 million), a year-on-year increase of 14.2 per cent, while net income shot up 28.2 per cent to 31.7 billion yen (£174.2 million). From this total, net sales within the company’s tyre business rose 8.6 per cent to 500.7 billion yen (£2.7 billion) and operating income rose 14.6 per cent to 44.1 billion (£242.3 million).
The Sumitomo Rubber Group’s first tyre factory in Latin America has been awarded both the ISO 14001 Environmental Management System Standard and the OHSAS 18001 Occupational Health and Safety Standard. Certification of the Sumitomo Rubber do Brasil Ltda passenger car radial plant in Fazenda Rio Grande, Paraná state took effect on 30 September 2014. The accrediting body for both certifications was Lloyd’s Register Quality Assurance (LRQA).
Falken is bringing its latest on/off-road truck tyres to the UK. The Sumitomo brand says it is building on the popularity of its products in the construction sector in the US, where the M+S marked and regroovable GI388 and GI378 tyres are already available. Falken is targeting operators seeking affordable yet resilient truck tyres, versatile enough to cope with the growing market demand for mixed usage on a daily basis.
Sumitomo Rubber Industries has been awarded a contract from Chrysler Group LLC to supply tires for the 2015 Jeep Compass and Patriot BUX (Built-Up Export) models to be sold in Mexico, China, Australia and other countries around the world. The Compass and Patriot are offered in right and left-hand drive configurations and available with gas and […]
