AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.
Sumitomo Rubber has announced it will stop U.S. OE production of Goodyear’s Dunlop brand in 2018 at its Buffalo, N.Y., plant to instead focus on it’s own Falken Tires brand, according to an article in Nikkei Asian Review.
The plant was acquired from Goodyear in 2015 when Sumitomo Rubber ended its partnership.
KOBE, Japan — Sumitomo Rubber Industries Ltd. suffered double-digit drops in operating and net income for the quarter and half-year ended June 30, but is still raising its earnings forecast for the full fiscal year.
RANCHO CUCAMONGA, Calif. — Sumitomo Rubber Industries Ltd.’s (SRI) Falken tire brand has become a global partner and official tire partner of the Liverpool Football Club soccer team.
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…
Summary of Latest News and Events in the Global Rubber Industry …
21/6 Indonesian authorities are unfazed by a recent drop in natural rubber prices as market fundamentals remain strong, Reuters has reported. According to…
Recall Alert: Dunlop Sportmax Q3+ Tires If your bike is shod with Dunlop Sportmax Q3+ rubber, then this may concern you! 271 SHARES The NHTSA has announced a recall on Dunlop Sportmax Q3+ tires. It’s an unusual recall, but it’s one that could very well affect you. Since Dunlop Sportmax Q3 tires are probably the most popular tire choice for motorcyclists in the USA, there’s a very good chance that many of you have upgraded to the Q3+ that were recently released.
Sumitomo Rubber USA is recalling seven Dunlop Sportmax Q3+ motorcycle tires because of possible air pockets in the shoulder region.
Tokyo – Sumitomo Rubber Industries, Ltd. (SRI) has developed a new tire sensing technology which is able to detect road conditions, tire load and other information by analyzing the wheel speed signals that are generated by the rotation of the tires.
Called “Sensing Core,” the technology follows another SRI proprietary technology, DWS (deflation warning system), which analyses wheel speed signals from the rotation of tires to detect and notify the driver of decreases in tire air pressure.
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. …