Sumitomo
Sumitomo Rubber Industries' deal to buy the rights to the Dunlop brand in North America and Europe from Goodyear reunites the brand globally under a single owner for the first time in nearly a quarter century.
Regaining control of the Dunlop brand in North America and Europe is part of Sumitomo Rubber Industries' strategy to re-establish Dunlop as a "premium tire brand in the global market."
UPDATED: Goodyear has signed a long-anticipated agreement to sell the North American and European rights to the venerable Dunlop tire brand to Sumitomo Rubber Industries for about $701 million in cash.
Sumitomo Rubber North America (SRNA) has promoted Wayne Horne to national sales manager.
Sumitomo Rubber North America will increase prices on select Falken passenger, light truck and commercial truck tires.
Polish synthetic rubber producer Synthos S.A. and Sumitomo Rubber Industries have agreed to collaborate on developing better ways to use recycled rubber in making new tires.
Even as Sumitomo Rubber Industries moves to close its only U.S. tire factory, executives continue to be sold on the need for a manufacturing presence in North America.
Sumitomo Rubber USA is recalling certain Falken Wildpeak AT4W tires, size 275/60R20 115T, that may have been manufactured using an incorrect cord material for one of the plies.
Citing its inability to make tires profitably at its Tonawanda, N.Y., factory, Sumitomo Rubber Industries has decided to close the 102-year old factory which has 1,300 hourly workers.
The latest hirings and promotions at top tire businesses and associations so far in 2024.