Sumitomo seeks tax breaks for tire plant expansion

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As Sumitomo Rubber USA prepares for the first phase of a major expansion of its Tonawanda tire plant, company officials are asking for sales and property tax breaks to assist the costly project.

A subsidiary of the Japanese company has applied to the Erie County Industrial Development Agency for an incentive package that includes $245,000 in sales tax breaks on materials purchase and a payment-in-lieu-of-taxes plan for the property, located on a vacant courtyard at 3333 River Rd. and 10 Sheridan Drive.

Sumitomo in October 2015 took full control of the former Goodyear Dunlop Tires North America plant, after buying out its longtime partner.

Now the tiremaker plans to double its consumer production capacity in Tonawanda from 5,000 per day to 10,000 by 2019, and eventually to 17,000. It wants to invest $87 million over the next three years, so it can make more of its tires locally for the North American market rather than importing them from its production facility in Thailand.

To do so, though, it needs additional facilities to increase its manufacturing footprint and add equipment for mixing, bead building, tire building, curing, finishing and extrusion. Plans call initially for the construction and equipping of a 35,000-square-foot building to meet that demand, since the current facilities are full. …

Read the source article at The Buffalo News

Falken will be Formula Drift ‘official’ tire

RANCHO CUCAMONGA, Calif. — Sumitomo Rubber North America’s Falken brand will be the “official” tire sponsor of Formula Drift this year, building on the brand’s winning the series’ tire manufacturers’ championship last year.

SRNA plans to support Falken’s sponsorship position throughout the season via dealer hospitality, spokesmodel meet and greets, driver autograph signings and a learning center display at its Falken rig at most of the series’ eight rounds.

SRNA also disclosed it’ll be sponsoring six drivers this year — 2011 Formula D Champion Daijiro “Dai” Yoshihara in a Subaru BRZ, Justin Pawlak in a Ford Mustang, Aurimas Bakchis and Matt Field in Nissan 240SXs, and James Deane and Piot Wiek in Nissan Silvia S15s — who will be using an updated version of the Azenis RT615K+ drift tire.

“We’re fully committed to extending our brand and legacy through this great series,” said Nick Fousekis, director, motorsports marketing and events. “Formula Drift has continued to flourish, and Falken has grown with it.”

Read the source article at Tire Business

5 tire firms gearing up for 2017 Formula Drift season

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LONG BEACH, Calif. — Five tire suppliers have firmed up their plans for this year’s Formula Drift series, whose season kicks off March 31-April 1 in the streets of Long Beach in support of the Toyota Grand Prix of Long Beach IndyCar race.

Heading the list is Sumitomo Rubber North America’s Falken brand, which has secured a deal as the official tire sponsor of Formula Drift and is sponsoring six drivers in this year’s championship.

The other tire brands with firm plans for 2017 are Achilles Tire USA, Hankook Tire America Corp., Nexen Tire America Inc. and Nitto Tire U.S.A. Inc.

Achilles — a brand owned/controlled by Indonesia’s P.T. Multistrada Arah Sarana — is backing 17 drivers, including five in the top Pro Series.

“Formula DRIFT has been a wonderful partner for our brand in the U.S. and throughout the world,” said Cheralyn Hale, director of marketing for Irvine, Calif.-based Achilles Tire USA.

Read the source article at Tire Business

TBC Brands Rolling Out New Sumitomo Truck Tire at MATS

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TBC Brands will unveil its newest Sumitomo branded tire – the ST719SE Regional Steer – during the Mid-America Trucking Show (MATS) from March 23-25 at the Kentucky Exposition Center in Louisville, Ky.

“We’re excited to unveil another great product development at MATS this year,” said Aaron C. Murphy, vice president of commercial truck tire sales.

Read the source article at Tire Review

Falken, Yokohama get Jeep OE fitments

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KRON (March 13, 2017) — FCA Group has selected tires from Sumitomo Rubber North America (SRNA) and Yokohama Tire Corp. (YTC) as OE fitments on selected versions of the 2017 Jeep Compass, the car maker’s compact four-wheel-drive, four-door hatchback.

FCA has chosen SRNA’s Falken Wildpeak H/T 01A2 as an OE fitment on the “trail-rated” Compass Trailhawk and the all-season Yokohama Geolandar G055 as a fitment on the Compass.

The Falken fitment, in size 215/65R17, is the second fitment for the Wildpeak H/T 01A2 on a 2017 Jeep, according to Sumitomo Rubber North America (SRNA), producer and marketer of the Falken brand. FCA also specs the tire for the Jeep Renegade Trailhawk. Rick Brennan, vice president of marketing for SRNA/Falken Tires, called the Wildpeak a “natural fit” for the Jeep Compass, noting its shoulder designed for optimal handling on multiple surfaces.

Read the source article at Tire Business

Europe Racing Tires Market Report 2017

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This report studies sales (consumption) of Racing Tires in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Michelin, Goodyear, Bridgestone, Continental, Hankook, Pirelli, and Cooper.

Read the source article at openPR.com

Tire Technology Expo 2017 Show review

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Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.

“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”

Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”

Read the source article at Tire Technology Expo 2017

United States Maritime Fenders Market by Manufacturers, States, Type and Application, Forecast to 2022

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Market Segment by Applications, can be divided into – Ports and Docks on Quay Walls and Other Berthing Structures. – Tugs, Barges, Ferries and Similar Hard Working Vessels – Others There are 17 Chapters to deeply display the United States Maritime Fenders market.

Read the source article at reportsnreports.com

Global Industrial Rubber Products – Industrial Supplies & Accessories

NEW YORKFeb. 20, 2017 /PRNewswire/ — The report analyzes the worldwide markets for Industrial Rubber Products in US$ Million by the following Product Segments: Mechanical Rubber Goods, Rubber Hose and Belting, and Others. The US and Chinese markets are additionally analyzed by the following End-Use Applications: Automotive, Industrial Equipment, and Others. The report provides separate comprehensive analytics for the US, CanadaJapanEuropeAsia-PacificLatin America, and Rest of World.

The report profiles 442 companies including many key and niche players such as:

Read the source article at PR Newswire

SRI uses bio-liquid rubber in winter tire for better ice-grip

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Tokyo – Sumitomo Rubber Industries (SRI) has developed a winter tire using Kuraray-supplied liquid farnesene rubber (LFR) as a performance enhancing additive, the Japanese synthetic rubber supplier announced 20 Feb.

Tokyo-based SRI has used the additive in the production of its latest studless tire Winter Maxx 02, according to Kuraray’s announcement.

LFR is a liquid rubber developed by Kuraray using farnesene, a new biologically derived diene monomer developed by US biotech company Amyris.

Read the source article at European Rubber Journal