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Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co.

  11/8/2018 - Tokyo, Japan - Mitsubishi Corporation has approved the purchase of an additional stake in Toyo Tire & Rubber Co., Ltd. for 50.9 billion yen via subscription to a private placement of shares, and has entered into a capital alliance agreement with Toyo Tire. The purchase of these additional shares will increase MC’s shareholding in Toyo Tire from 3.05 percent to 20.00 percent. The mobility sector is undergoing a once-in-a-century transformation, including the electrification of automobiles and the onset of automated driving technology and, as the so-called CASE trends advance, major shifts in industrial structures are also becoming more visible. This also has implications for the tire industry, in which the nature of the services demanded and the types of roles executed are changing, not just on the manufacturing side, including the development of fuel-efficient or low environmental impact products that support the shift to electric vehicles (EV) and the improvement of production efficiency utilizing AI and IoT, but on the sales and distribution side, as well. Up until now, Toyo Tire has utilized its individual technology to build a unique product portfolio, including large-diameter tires for SUVs and other large vehicles. On the other hand, MC has a wide array of touching points with various industries, and has accumulated know-hows while building a global network through a wide range of businesses. Through this alliance, MC will expand its cooperative relationship with Toyo Tire, one that has been in the making over a half-century of transactions and joint venture business overseas, to a company-wide partnership. Utilizing its comprehensive capabilities, MC will work closely with Toyo Tire to create a new business model, one that will contribute to increasingToyo Tire’s corporate value through the provision of new services that meet the needs of the digital age and that are in line with revolutions in the mobility sector.

Monday, March 25, 2019

Rubber Division, ACS now offering all training courses remotely - click to expand

GM to invest $300 million, add 400 jobs at Michigan plant for new Chevrolet electric vehicle - click to expand

Birla Carbon to increase base prices for all carbon black markets in North America - click to expand

Davis-Standard¹s global converting platform featured at ICE USA - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Friday, March 22, 2019

TA Instruments introduces new Rheo-Raman accessory for the Discovery hybrid rheometer - click to expand

ARPM announces Innovation Symposium on April 18 - click to expand

YourMechanic adds Goodyear.com for tire sales and installation services - click to expand

Adhesive tapes market projected to reach $69 billion by 2022 - click to expand

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

Thursday, March 21, 2019

Plastics & Rubber Technology Conference calls for abstracts - click to expand

Ace Products & Consulting hires business manager - click to expand

Yokohama Tire's mobile tire specs app for dealers wins iF Design award - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

TA Instruments analyzer tests for mechanical behavior of materials - click to expand

Wednesday, March 20, 2019

Southeast Asia tire market projected to grow at a CAGR of over 7.5 percent through 2024 - click to expand

U.S. market for low rolling resistance tires forecast with a CAGR of 10.8 percent through 2028 - click to expand

Michelin launches Agilis CrossClimate tire for small business owners and commercial fleets - click to expand

Firestone Liberia to shed 800 jobs by April 2019 - click to expand

Safic-Alcan acquires Langley-Smith & Company - click to expand

Tuesday, March 19, 2019

Cooper launches new long haul steer tire as part of its PRO Series commercial line - click to expand

Kraton to build Cariflex semi works latex unit in Brazil - click to expand

Mitsui Chemicals pursues applications for temperature-sensitive elastomer - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Hankook Tire adds Nissan Altima to growing original equipment portfolio - click to expand

Monday, March 18, 2019

Cabot announces feedstock surcharge for all carbon black products sold in North America - click to expand

Continental announces largest organizational change in company history - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Trinseo hosts one-day process safety workshop for undergraduate chemical engineering students in China - click to expand

Global mold release market forecast with a CAGR of 5.7 percent through 2023 - click to expand

Market Reports

Global automotive tire market forecast to grow with a CAGR of 6.3% through 2027 - click to expand

Global nitrile gloves market is expected to reach $3.30 billion by 2026 - click to expand

The synthetic latex polymers market is projected to grow at a CAGR of 5.41% through 2024 - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Adhesive tapes market projected to reach $69 Billion by 2022 - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

The U.S. market for low rolling resistance tires forecast with a CAGR of 10.8% through 2028 - click to expand

South East Asia tire market is projected to grow at a CAGR of over 7.5% through 2024 - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Global mold release market forecast with a CAGR of 5.7% through 2023 - click to expand

Global anti-tack agents market to reach $437.9 million by 2023 - click to expand

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