The new 2021 Toyota Sienna, designed, engineered and assembled in America, will be available in Toyota showrooms starting late 2020 or early 2021, according to Toyota. View real-time stock prices and stock quotes for a full financial overview. On the Release of Integrated Report 2019/Contents Message from the Chief Financial Officer Implementation of Medium-Term Management Plan 2020 Sumitomo's Business Philosophy/Sumitomo Corporation Group's Corporate Mission Statement 100 Years of History Sumitomo Corporation Group's Six Material Issues Value Creation Model The company says the … With a planned investment of 96 Million USD (Approx. Feds preliminarily rule Arlanxeo Brasil dumped ESBR in U.S. Cuyahoga Falls, All told, we are planning to invest a total of 122 Million USD (Approx. Sumitomo Rubber Industries, Ltd. is pleased to announce that we have begun supplying our high-performance FALKEN “AZENIS FK001 A/S” tires to Toyota Motor Corporation for use as factory … more standard tires on their new model “MIRAI” fuel cell electric vehicle (FCEV) for the North American market, which went on sale this December. Falken Tires’ new Supervisor of Light Truck and Off-Road Events Doug Fletcher expressed his excitement about Falken’s race program for this year: “We’ve got a great mix of Falken and off-road veterans as well as several new drivers who will join our team this year, starting with Josh Atteberry, who will compete in both the 4600 Class and Class 11.”. 10.1 Billion JPY*), this capacity increase will see the factory’s daily maximum output in these tire categories increase from the current 6,500 tires per day to 12,000 tires per day by the end of 2023. Sumitomo Rubber USA’s parent company will invest $122 million in its Town of Tonawanda manufacturing plant, signaling confidence in the facility’s tiremaking abilities. 12.8 Billion JPY*) in order to augment production capacity and improve overall productivity at our factory in the United States over the coming years. The Kobe-based company also is investing $102 million at factories in Thailand and Japan to update equipment there for increased production of tires for SUVs and light trucks, predominantly to support sales growth for these products in North America. Sumitomo Corporation Middle East FZE Website Dubai Head Office Level 2, The Offices 3, One Central, Dubai World Trade Centre, P.O. Audi's A1 Series: Audi A1 citycarver with tires in the dimension 205/55R17 at factories. Find the latest SUMITOMO RUBBER INDUSTRIES (SMTUF) stock quote, history, news and other vital information to help you with your stock trading and investing. RANCHO CUCAMONGA, CA – Falken Tires, a subsidiary of Sumitomo Rubber Industries, Ltd., has been selected as a supplier to Toyota Motor Sales, U.S.A.’s 2021 Sienna, providing its Falken … more ZIEX ZE001A All-Season tire, sized 235/65R17 103T. Falken is a registered trademark of Sumitomo Rubber Industries, Ltd. Dunlop is a registered trademark of DNA (Housemarks) Limited. All rights reserved. In Asia, SRI is expanding capacity for tires for light truck and SUV applications at plants in Amati, Thailand, and Miyazaki, Japan. A sharp rise in plant production during 2020 saw Sumitomo Rubber hit a goal that sparked its parent company to invest big on its future. Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry. Financial Results for the Nine-month Period ended December 31, 2020 Sumitomo Rubber Industries is working to achieve carbon neutrality (i.e. American market, our group has decided to invest in increasing production capacity for passenger car tires and light truck tires at our factory in the United States. The U.S. investment, it added, "also reflects our great confidence in the factory, which has made enormous progress in improving productivity over the past few years. Since autumn 2018, the compact SUV Audi Q3 has been commercially available, it also being equipped with FALKEN summer tires at factories. Located in Tonawanda, NY (a suburb of Buffalo) our growing workforce produces over 4 Million tires annually for a variety of applications such as passenger cars, trucks, buses and motorcycles. 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Manufacturing Sumitomo Rubber South Africa (Pty) Ltd's state-of-the-art manufacturing plant in Ladysmith produces Dunlop passenger and light truck tyres for … News Contact Sumitomo Rubber Industries (SRI), with corporate headquarters located in Kobe, Japan, is a global manufacturer of rubber products, including medical devices, sporting goods, industrial rubber, and … All told, we are planning to invest a total of 122 Million USD (Approx. 12.8 Billion JPY*) in order to augment production capacity and improve overall productivity at our factory in the United States over the coming years. OH 44221, Their Journey: Diversity breeds success for Coi Rubber, Germany records 4% decline in rubber and plastics manufacturing jobs, Toyo Tire forecasting solid recovery in 2021, Multimedia: Nokian's testing facility takes shape in Spain, VMI, Safe-Run differ over latest ruling in patent case, Integrated Polymer Solutions acquires IRP Group, Column: Discussions of race, equality may mean uncomfortable moments. Sumitomo Rubber Industries, Ltd., the world’s fifth largest tire manufacturer, announced it will be investing $122 million into it's Sheridan Drive plant. TONAWANDA, N.Y. (WIVB)–As Sumitomo Rubber prepares to reopen after a three-week shutdown, it is offering employees voluntary buyouts if they are … Sumitomo Electric contracts with 50Hertz, an Elia Group company, to replace the 400kV Germany-Denmark Interconnector land cable on the German side. TONAWANDA, N.Y. (WIVB)–Sumitomo Rubber says it will invest and install new manufacturing technology in its Tonawanda facility. The plant in Tonawanda was originally opened by Dunlop Ltd. in 1923 and controlled by Goodyear from 1999 through 2015 under terms of the Goodyear-SRI global alliance. RANCHO CUCAMONGA, CA – Recognizing that grassroots motorsports consistently appeals to automotive enthusiasts throughout North America, Falken Tires, a subsidiary of Sumitomo Rubber Industries, … more Ltd., will return in 2021 for its seventh year as a sponsor to the Ultimate Street Car Association series, best known as “Optima’s Search for the Ultimate Street Car.”, RANCHO CUCAMONGA, CA – Coming off a strong 2020 off-road season that saw Falken Tires and its drivers earn significant victories and national championships, the tire brand is further ramping up … more its driver ranks for 2021 in its goal to aggressively compete in Ultra4 Racing and its impending King of the Hammers week-long calendar of events. SRI said the investments also would improve overall productivity at the U.S. factory over the coming years. By the end of 2023, the company will increase its daily production of tires for automobiles and light trucks from 6,500 to … The tire brand is well known for its aggressive high-performance tires designed for all types of vehicles sold in North America, especially its Wildpeak line which has developed a strong following among owners of light trucks and SUVs. KOBE, Japan—Sumitomo Rubber Industries Ltd. has added an indoor ice-testing facility at its tire proving grounds near Nayoro City, on Japan's Hokkaido Island. Sumitomo Rubber Industries, Ltd. is pleased to announce that we will continue supplying one-make tires under our world-renowned DUNLOP brand for the Moto2 and Moto3 Classes at the FIM Road Racing … more Grand Prix World Championship, which ranks among the world’s premier motorcycle racing tournaments, through 2023. TOKYO—Sumitomo Rubber Industries' Sensing Core technology can track wear-levels on tires as well as tire pressure, tire load and road conditions. ZIEX ZE001A All-Season tire, sized 235/65R17 103T. KOBE, Japan—Sumitomo Rubber Industries Ltd. plans to invest $122 million over three years to increase capacity for car, light truck and medium truck tires at its factory in Tonawanda, N.Y., in response to increased demand. Grand Prix World Championship, which ranks among the world’s premier motorcycle racing tournaments, through 2023. Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge. Tire Business Report KOBE, Japan—Sumitomo Rubber Industries Ltd. plans to invest $122 million over three years to increase capacity for car, light truck and medium truck tires at its factory in Tonawanda, N.Y., in response to increased demand. While noting the … Sumitomo Rubber North America, Inc., Sumitomo Rubber Group's American sales company, has been selected as an official tire supplier for front-wheel-drive models of the redesigned 2021 Nissan Rogue … more crossover. At the same time, in response to increasing sales of truck and bus tires in North America, we have also decided to invest 26 Million USD (Approx. "With this shift, these two factories will support our push to increase sales of SUV and light truck tires in North America," SRI said. Sumitomo Rubber in Tonawanda reported its first case of the coronavirus, while 54 employees have been placed in quarantine as a precaution. Sumitomo Rubber (Thailand) Co., Ltd. has monitored drainage water quality, in order to prevent the adverse environmental effects caused by wastewater discharged from the factories, with the following frequencies: the Grease & Oil content in wastewater had increased to be within the standard determined by law throughout the year KOBE, Japan — Sumitomo Rubber Industries Ltd. has "overhauled" its corporate philosophy to reflect the evolving global business environment and coined the motto "Rubber and Beyond, Driving Our Future" to embody the philosophy. SRI aims to produce 4,150 of these tires per day by year-end 2023 at the Thai plant in Amati City and 1,600 units/day at the Miyazaki plant by year-end 2024. SRI, which goes to market in North America with the Falken and Ohtsu brands, is budgeting $96 million to nearly double capacity for car and light truck tires to 12,000 units a day from 6,500 by year-end 2023, as well as $26 million through year-end 2024 to raise truck tire capacity 31.4 percent to 2,300 tires a day. Ltd., will return in 2021 for its seventh year as a sponsor to the Ultimate Street Car Association series, best known as “Optima’s Search for the Ultimate Street Car.”, its driver ranks for 2021 in its goal to aggressively compete in Ultra4 Racing and its impending King of the Hammers week-long calendar of events. Please select at least one newsletter to subscribe. Feb. 04, 2021. Company profile page for Sumitomo Rubber North America Inc including stock price, company news, press releases, executives, board members, and contact information SMTUF | Complete Sumitomo Rubber Industries Ltd. stock news by MarketWatch. SRI said the expansions are driven by strong demand in North America of its high-performance tires for SUVs and light trucks, as well as for medium truck tires. Sumitomo Rubber Industries Ltd. will pump $122 million into its Tonawanda plant, the company has announced. In particular, SRI said sales of its Falken-brand high-performance tires continued to expand steadily this past year despite the market impact of COVID-19. KOBE, Japan — Sumitomo Rubber Industries Ltd. generated 17.1% higher operating income for the fiscal year ended Dec. 31 despite 11.5% lower sales, driven down primarily by pandemic-induced business interruptions in the first half of the year. The new 2021 Toyota Sienna, designed, engineered and assembled in America, will be available in Toyota showrooms starting late 2020 or early 2021, according to Toyota. Sumitomo Rubber USA manufactures and sells a wide range of automotive tires in the US and internationally. View Sumitomo Corporation's News : News. Sumitomo Corporation Group conducts business activities in a wide range of industries on a global scale, with its six business units include Metal Products, Transportation and Construction Systems, Infrastructure, Media and Digital, Living Related and Real Estate, Mineral Resources, Energy, and Chemical and Electronics and regional organizations all over the world working closely together. Falken Tyre Europe GmbH, Sumitomo Rubber Group's European sales company is pleased to announce the FALKEN ultra-high-performance tire and test favorite AZENIS FK510A has equipped the new model of … more Audi's A1 Series: Audi A1 citycarver with tires in the dimension 205/55R17 at factories. Sumitomo Rubber South Africa (Pty) Ltd's iconic tyre brands include Dunlop Tyres, Sumitomo Tyres and Falken Tyres Africa. Sumitomo Rubber Industries has opened a new testing facility at one of its main development bases for winter tyres at the Nayoro Tyre Proving Ground in Nayoro City, Hokkaido. A position at SRUSA is hard work, but with that comes great opportunities to advance, learn, and prosper. The tire brand is well known for its aggressive high-performance tires designed for all types of vehicles sold in North America, especially its Wildpeak line which has developed a strong following among owners of light trucks and SUVs. 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Since autumn 2018, the compact SUV Audi Q3 has been commercially available, it also being equipped with FALKEN summer tires at factories. “This investment improves our … 2.7 Billion JPY*) to increase production capacity in these categories at our USA Factory from the current 1,750 tires per day to 2,300 tires per day by the end of 2024. Box 340744, Dubai, U.A.E. Falken Tires’ new Supervisor of Light Truck and Off-Road Events Doug Fletcher expressed his excitement about Falken’s race program for this year: “We’ve got a great mix of Falken and off-road veterans as well as several new drivers who will join our team this year, starting with Josh Atteberry, who will compete in both the 4600 Class and Class 11.”. To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information. 2.7 Billion JPY*) to increase production capacity in these categories at our USA Factory from the current 1,750 tires per day to 2,300 tires per day by the end of 2024. Tire Business Report KOBE, Japan—Sumitomo Rubber Industries Ltd. generated 17.1 percent higher operating income for the fiscal year ended Dec. 31 despite 11.5 percent lower sales, driven down primarily by pandemic-induced business interruptions in the first half of the year. race series for the second consecutive year. 10.1 Billion JPY*), this capacity increase will see the factory’s daily maximum output in these tire categories increase from the current 6,500 tires per day to 12,000 tires per day by the end of 2023. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected]. The investment amount is 96 million dollars. Email Address. Sumitomo Rubber Industries, a leading tire maker, announced on February 9, 2021 that it will increase the production capacity of its US plant. Some of our benefits include: Job advancement: From conception to hitting the road, a tire goes through its entire product life cycle at our facility and our people get … By monitoring the dynamic behavior of tires via digital filtering technology, Sensing Core analyzes and interprets wheel-speed signals, transmitted as … Get the latest SUMITOMO RUBBER INDUSTRIES (SMTUF) stock news and headlines to help you in your trading and investing decisions. Falken Tires will manufacture its product in Buffalo, New York, the company’s first original equipment tire produced at this factory. © Sumitomo Rubber USA, LLC. NEWS View Sumitomo Corporation's News : Library (Sumitomo Corp.) 2021 RANCHO CUCAMONGA, CA – Falken Tires, a subsidiary of Sumitomo Rubber Industries, Ltd., will continue as the Official Light Truck sponsor of the popular Progressive American Flat Track (AFT) … more race series for the second consecutive year. zero net CO2 emissions) in our tire manufacturing processes by the year 2050. The new cable will be reliable & environmentally friendly and with innovative technology. standard tires on their new model “MIRAI” fuel cell electric vehicle (FCEV) for the North American market, which went on sale this December. Sumitomo Rubber Industries, Ltd. is pleased to announce that we will continue supplying one-make tires under our world-renowned DUNLOP brand for the Moto2 and Moto3 Classes at the FIM Road Racing Grand Prix World Championship, which ranks among the … The company did not comment on the potential effect on employment at the factory it has operated since 2015. Employment stands at 1,340, represented by the United Steelworkers union. At the same time, in response to increasing sales of truck and bus tires in North America, we have also decided to invest 26 Million USD (Approx. Sumitomo Rubber investing $122 million into Tonawanda plant By Bee Group Newspapers | on February 17, 2021 Sumitomo Rubber Industries, Ltd., has announced that it will invest $122 million in its Town of Tonawanda facility, with plans to install new tire manufacturing technology. News > Sumitomo Rubber USA, LLC - Buffalo, NY - Tonawanda, NY Sumitomo Rubber Group to Augment Production Capacity at USA Factory～Responding to Strong Demand in the North American Market, Falken Tires Returns As Official Light Truck Tire Of American Flat Track, Falken Tires Commits To Again Search For The Ultimate Street Car Through Its Sponsorship In 2021, Falken Tires Prepares For 2021 Off-Road Racing Season With Aggressive Complement Of Teams, FALKEN AZENIS FK001 A/S Selected as Factory Standard Tires for Toyota’s New Model “MIRAI”, DUNLOP to Continue Supplying One-Make Tires for Moto2 & Moto3 Classes at FIM Road Racing Grand Prix World Championship Through 2023, Falken Tires Selected As Original Equipment Supplier To All-New 2021 Toyota Sienna, FALKEN Tires Selected as an Original Equiptment Supplier For All-New 2021 Nissan Rogue. Sumitomo Rubber Industries, Ltd. is pleased to announce that, in order to respond to increased demand driven by strong sales of our high-performance tires for SUVs and light trucks in the North … more American market, our group has decided to invest in increasing production capacity for passenger car tires and light truck tires at our factory in the United States. The Sumitomo Rubber Group has continued to steadily expand sales of the FALKEN Wildpeak Series and other high-performance tires in the North American market under the FALKEN brand. Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge. By augmenting our local production base for the North American market, we aim to reduce sales lead times so that we may further expand sales in this key market.". Rubber & Plastics News wants to hear from its readers. With a planned investment of 96 Million USD (Approx. 2291 Riverfront Pkwy, Suite 1000