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$ 13.39 Billion growth expected in Global Automotive Intelligent Tires Market during 2021-2025


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NEW YORK, May 28, 2021 /PRNewswire/ The global automotive intelligent tires market is set to grow by USD 13.39 billion during 2021-2025, progressing at a CAGR of almost 42%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Automotive Intelligent Tires Market by Application and Geography - Forecast and Analysis 2021-2025
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bridgestone Corp., Continental AG, Hankook Tire & Technology Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., Toyo Tire Corp., and Yokohama Rubber Co. Ltd. are some of the major market participants. The increasing need for safe tires will offer immense growth opportuni ....

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Yokohama Rubber to relocate headquarters to Hiratsuka, Japan


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TOKYO Yokohama Rubber Co. Ltd. has sold its headquarters building in central Tokyo and is preparing to shift those functions to its factory in Hiratsuka, in Kanagawa Prefecture, about 35 miles southwest of Tokyo.
Moving the headquarters to Hiratsuka will allow Yokohama to facilitate speedier decision-making by bringing together management, planning, production, sales, research and development and logistics staff, enabling the company to respond more flexibly to a dynamically changing operating environment.
YRC also said the move will achieve more efficient use of management resources and secure financial flexibility.
The firm said it plans to use the proceeds of this sale as well as the recent sale of its Hamatite sealing and adhesive materials business to support aggressive investment in strategic domains. ....

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Yokohama revises fiscal 2021 outlook on positive Q1 results


Yokohama revises fiscal 2021 outlook on positive Q1 results
Yokohama revises fiscal 2021 outlook on positive Q1 results
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TOKYO Yokohama Rubber Co. Ltd. reported an eightfold increase in business profit for the quarter ended March 31 on record sales revenue of $1.41 billion.
Yokohama attributed its rebound from the COVID-19 pandemic-influenced fiscal 2020 first quarter to higher replacement tire market sales in most markets and record sales by its ATG off-highway tire segment.
The first-quarter results business income of $137 million on 15.9 percent higher sales of $1.41 billion prompted the company to revise upward its projections for the first half and the full fiscal year.
YRC now projects full-year sales revenue of $6 billion (at prevailing exchange rates), up 3.2 percent over the February forecast and 12 percent higher than the 2020 full-year figure, but still slightly shy of the fiscal 2019 sales. Business profit should come in at approximatel ....

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Yokohama to relocate HQ to Japan tire factory site

TOKYO — Yokohama Rubber Co. Ltd. (YRC) has sold its headquarters building in central Tokyo and is preparing to shift headquarters functions to its factory in Hiratsuka, in Kanagawa Prefecture, about 35 miles southwest of Tokyo. Moving the headquarters to Hiratsuka will allow Yokohama to … ....

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Yokohama Rubber acquires tire distributor in Poland


Yokohama Rubber acquires tire distributor in Poland
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Tokyo – The Yokohama Rubber Co. Ltd (YRC) has is acquiring Polish tire distributor ITR CEE Spółka, through its European subsidiary Yokohama Europe GmbH.
Under the agreement signed 6 May, YRC will acquire a 100% equity stake in ITR, a wholesale distributor engaged in the import and sale of Yokohama tires in central and eastern Europe. 
The acquisition is scheduled to be concluded on 14 May, after which the Polish company’s name will be changed to Yokohama CEE Spółka zoo, said a YRC statement 14 May.
Yokohama said the acquisition would facilitate further expansion of its market share and strengthen the group’s business foundation in “the growing market” of central and eastern Europe. ....

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