Nexen set to officially open European tire plant

Seoul – Nexen Tire will hold an official opening ceremony for its new Europe manufacturing plant in Zatec, the Czech Republic, on 28 Aug, the South Korean tire maker has announced.

Petr Očko, the Czech deputy minister of industry and trade; Byung-Joong Kang, the chairman and Travis Kang, the global CEO of Nexen Tire will attend the ceremony, Nexen said…

Read the source article at European Rubber Journal

Opening of Czech plant signals start of ‘New Wave’ for Nexen

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ZATEC, Czech Republic—The start of production this year at Nexen’s $1 billion plant in Zatec is a big part of the Korean company’s “New Wave for the Future” global expansion strategy.

Read the source article at Rubber and Plastics News

Sumitomo earnings drop 39% but 2019 forecast unchanged

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KOBE, Japan — Sumitomo Rubber Industries Ltd. posted a 39.2% drop in operating profits for the half-year ended June 30 on 0.9% lower sales revenue.

SRI cited the negative impact of foreign exchange rates, increased fixed costs and expenses, and higher prices of raw materials — particularly petroleum-based ones — for the earnings decline.

Operating income fell to $149.6 million on revenue of $3.9 billion, SRI said, resulting in an operating ratio of 3.8%, down from 6.3% a year ago.

Read the source article at Tire Business

Sumitomo technology generates power from tires

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Tokyo – Sumitomo Rubber Industries (SRI), in collaboration with Professor Hiroshi Tani of Kansai University, has developed a new technology to generate electric power from the rotation of a tire.

The process involves installing a power generating device (energy harvester) inside a tire to convert static electricity occurring within a tire into clean energy, said the Japanese tire & rubber company in a 23 July statement.

Read the source article at European Rubber Journal

Falken targets CUVs for opportunities, growth

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VENCE, France — With sales of crossover utility vehicles (CUVs) surging in North America, Sumitomo Rubber North America Inc. (SRNA) is evolving its Falken-brand tire lineup to serve customers in this segment more effectively.

The aim is to get a step ahead of the competition and offer tires targeted at a market segment that to date, according to Falken, is underserved by the tire industry.

Read the source article at Tire Business

Technology: Sumitomo preparing for fully-automated driving

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Maebashi, Japan – Sumitomo Rubber Industries, Ltd. (SRI) has started a joint research project with the aim of developing tire-related services for ‘level 4’ fully-automated vehicles in Japan.

The partnership is with Gunma University Centre of Research on Adoption of NextGen Transportation Systems (CRANTS), which is working on self-driving vehicles in collaboration with the Japanese private sector.

Read the source article at European Rubber Journal

Sumitomo expansion begins operation at Brazil tire plant

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FAZENDA, Brazil—Sumitomo Rubber Industries’ Brazilian subsidiary has initiated production of truck and bus tires at its plant in Fazenda following a $133 million, three-year expansion project.

Read the source article at Rubber and Plastics News

Falken Tire Hosts Over 1,500 Dealers in First Year of Falken Academy

In the first year of its crash course in all things Falken Tire, Sumitomo Rubber Industries North America hosted more than 1,500 tire dealers at its headquarters in Rancho Cucamonga, California for Falken Academy.

The quarterly, two-day class, started at the beginning of last year, allows dealers to gain in-depth knowledge of the brand’s product lines as well as get a better understanding of the company’s history, marketing efforts and dealer support services through classroom and driving activities. In 2019, Falken will continue its academy, featuring new products, new on-track driving exercises and more interactive classroom sessions …

Read the source article at Tire Review

Low Rolling Resistance Tires Market 2018: By Key Manufacturers Yokohama Tire Corporation, Cooper Tire & Rubber Company, Sumitomo, Continental, Hankook Tire, Pirelli, Bridgestone, Michelin, The Goodyear Tire & Rubber Company

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Global low rolling resistance tires market was valued at USD 60.5 Billion in 2017 and growing at a CAGR of 12.3% in the forecast period of 2018 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Segmentation: Global Low Rolling Resistance Tires Market

The global low rolling resistance tire market is segmented based on type, application, end user application and geography.

Based on type, the market is

Read the source article at openPR.com

Sumitomo claims breakthrough in rubber failure study

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TOKYO – Sumitomo Rubber Industries says it has cracked the mystery surrounding rubber failure, in a joint study with the Dresden, Germany-based Leibniz Institute for Polymer Research.

Read the source article at Rubber and Plastics News