Manufacturing Industry
Sumitomo to set up passenger tire plant in China
Rubber & Plastics News, January, 2002 by Bruce Davis
KOBE, Japan-Sumitomo Rubber Industries Ltd. plans to set up a tire plant in Jiangsu, China, with production to start by 2004, reaching daily capacity of 5,000 passenger tires by 2006.
Sumitomo also expects to report a net loss for 2001, resulting in part from special charges related to stock losses and an assets sale.
The company will spend $55 million to set up the facility. Sumitomo didn't say if it will have a Chinese partner for the venture, but is expected to invite an unnamed Taiwanese tire maker to be a minority partner. The Japanese firm, which makes and sells Dunlop-brand tires in Japan and elsewhere in Asia, has a global sales and manufacturing agreement with Goodyear and a technology supply pact with Taiwan's Hwa Fong Rubber Industry Co. Ltd....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
