Yokohama Rubber has announced it will cease supplying karting tyres at the end of this year. The tyre maker says its management team reached this decision “after careful consideration of various viewpoints” related to restructuring as part of the company’s mid-term management plan.
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.
During a ceremony held today and attended by local and regional officials, Yokohama Off Highway Tires (YOHT) inaugurated its newest factory in India and broke ground on the second stage of work at the site. Located in Visakhapatnam, Andhra Pradesh state, the new plant is YOHT’s third in the country.
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.
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.
The Yokohama Rubber Co., Ltd. reports “record-high” sales revenue and profit during the 2021 fiscal year. Sales revenue increased 21.7% over the previous year; operating profit rose 132.4% & profit attributable to owners of parent was up 148.9%.
Two German manufacturers have selected the Yokohama Advan Sport V107 as an original equipment tyre for new and existing performance models. The Mercedes-AMG EQS 53 4MATIC+ wears the tyre in size 275/35R22 104Y, while the BMW X5M & X6M upgrade from the V105 to this latest-generation Advan tyre.
Yokohama Rubber’s natural rubber processing subsidiary in Thailand supported efforts to aid villagers affected by flooding in the country in December 2021. Y.T. Rubber Co, Ltd (YTRC) provided food packages in the wake of flooding due to heavy rains in the country’s Surat Thani Province, where YTRC is located.
The Lexus NX is the Japanese brand’s first-ever plug-in hybrid vehicle, and UK deliveries begin this month. Yokohama Rubber says it is supplying original equipment tyres to the NX, with Toyota Motor Corporation fitting the Yokohama BluEarth-XT AE61 and BluEarth-XT AE61 Z・P・S to the SUV in size 235/60R18 103H.