Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Sumitomo Rubber Industries Ltd    5110   JP3404200002

SUMITOMO RUBBER INDUSTRIES LTD (5110)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Sumitomo Rubber Industries : unveils R970m tyre production facility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/10/2018 | 02:40am CEST

Sumitomo Rubber South Africa officially launched its Truck and Bus Radial (TBR) factory in Ladysmith, KwaZulu-Natal. This second phase of SRSA’s multi-billion-rand investment to upgrade and modernise the plant’s capacity saw a further injection of R970m (US$67.7m) to introduce and manufacture truck and bus tyres locally, bringing the total investment into the Ladysmith facility since 2014 to more than R2bn (US$136m).

VIP guests, stakeholders and dignitaries were given an opportunity to tour the TBR factory. They included government and industry representatives together with president and CEO of Sumitomo Rubber Industries, Ikuji Ikeda, who delivered an address and unveiled a plaque to mark the opening of the facility.

Ikeda said, “Sumitomo Rubber South Africa has been a part of Sumitomo Rubber Industries group company from December 2013 and from then we have worked together to step ahead in various areas of the business, such as safety, Passenger Car Radial tyre production, quality, products, sales channel and people. This marks the first time Sumitomo Rubber Industries has established a Truck and Bus Radial factory outside of Asia.”

Ikeda said the reasons for proceeding with the investment – despite the challenges of developing a TBR factory from scratch – included the African market’s potential and particularly the Free Trade Agreement which would support SRI’s business initiatives. He added that local TBR tyre production would result in the expansion of business for truck and bus vehicle manufacturers and present opportunities for government-related businesses.

Riaz Haffejee, CEO of SRSA, outlined the vision and purpose of the TBR facility and the range on offer. “We will be industrialising a total of 24 sizes between our Dunlop and Sumitomo brands, from this year until September 2019,” he said.

Haffejee also elaborated on the community impact that the investment and development of the factory has had.

“Following SRSA’s first phase factory investment in 2014 which saw us increase our output of high-quality passenger and sport utility vehicle (SUV) tyres at this plant, the new TBR factory has created growth and a brighter future for the local community. SRSA’s total investment in employment, utilities and procurement has doubled since 2014, which has had a direct impact on the town and has served as a catalyst for community development and entrepreneurship.”

(c) All rights reserved. 2018. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUMITOMO RUBBER INDUSTRIES
10/10SUMITOMO RUBBER INDUSTRIES : unveils R970m tyre production facility
AQ
10/03SUMITOMO RUBBER INDUSTRIES : launches R970m tyre production facility in KZN
AQ
10/03SUMITOMO RUBBER INDUSTRIES : launches R970m tyre production facility in KZN
AQ
10/03SUMITOMO RUBBER INDUSTRIES : launches R970m tyre production facility in KZN
AQ
09/14Falken Tires Selected As An Original Equipment Supplier To The Redesigned 201..
AQ
08/24SUMITOMO RUBBER INDUSTRIES : Dunlop explains investment in Nigeria, launches FM ..
AQ
08/04SUMITOMO RUBBER INDUSTRIES : Dunlop Launches SP FM800 into Nigeria Market
AQ
06/27SUMITOMO RUBBER INDUSTRIES : FALKEN 'ZIEX ZE001 A/S' Chosen as Factory Standard ..
AQ
06/27SUMITOMO RUBBER INDUSTRIES LTD : Ex-dividend day for interim dividend
FA
05/22SUMITOMO RUBBER INDUSTRIES : FALKEN Brand to Serve as an Official Partner of the..
AQ
More news
News from SeekingAlpha
02/14Sumitomo Rubber Industries, Ltd. ADR 2017 Q4 - Results - Earnings Call Slides 
2017Sumitomo to stop making tires for Goodyear in U.S. 
Financials (JPY)
Sales 2018 901 B
EBIT 2018 -
Net income 2018 44 545 M
Debt 2018 192 B
Yield 2018 3,67%
P/E ratio 2018 9,62
P/E ratio 2019 9,30
EV / Sales 2018 0,69x
EV / Sales 2019 0,66x
Capitalization 430 B
Chart SUMITOMO RUBBER INDUSTRIES LTD
Duration : Period :
Sumitomo Rubber Industries Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUMITOMO RUBBER INDUSTRIES
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 1 760  JPY
Spread / Average Target 7,7%
EPS Revisions
Managers
NameTitle
Ikuji Ikeda President & Representative Director
Keizo Kosaka Independent Non-Executive Outside Director
Minoru Nishi Vice President & Representative Director
Yasutaka Ii Director & Senior Managing Executive Officer
Hiroki Ishida Director & Managing Executive Officer
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO RUBBER INDUSTRIES LTD-22.56%3 697
BRIDGESTONE CORP-17.96%28 301
MICHELIN-17.59%20 345
NOKIAN RENKAAT OYJ-12.35%5 277
GOODYEAR TIRE & RUBBER COMPANY (THE)-36.27%4 880
YOKOHAMA RUBBER CO LTD-17.72%3 345