Sumitomo Rubber USA, LLC (SRUSA), a Tonawanda, New York-based manufacturer of automotive tires for passenger cars, trucks, buses and motorcycles announced plans to close its manufacturing facility in Tonawanda, NY.
The closure follows an extended examination of the viability of the facility, following thorough analysis of various business complexities, including mounting material and logistics costs, dated infrastructure, intermittent financial performance, and changing market conditions. The evaluation was undertaken as part of a broader strategy to ensure the long-term sustainability of the Sumitomo Rubber Group in the competitive international tire market.
Read More