Goldman Sachs upgraded Sumitomo Rubber Industries (SMTUF) to Buy from Neutral with a price target of 2,100 yen, up from 1,600 yen. The firm cites the company’s structural reforms in the U.S. for the ...

Sumitomo Rubber Industries is closing its factory in Tonawanda, N.Y., and dissolving its Sumitomo Rubber USA subsidiary there ...

Sumitomo Rubber Industries (JP:5110) has released an update. Sumitomo Rubber Industries has revised its financial forecast for 2024, ...

Citing its inability to make tires profitably at its Tonawanda, N.Y., factory, Sumitomo Rubber Industries has decided to ...

Sumitomo makes automotive tires for passenger cars, trucks, buses and motorcycles. Production at the Tonawanda facility has ...

Sumitomo Rubber says it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs ...

Sumitomo Rubber USA on Thursday announced it will close its Town of Tonawanda tire plant, which employs 1,550 people as one of the region’s largest manufacturers.

Tim Sprunger, vice president of operations and plant manager of the Sumitomo Rubber USA plant in Tonawanda, talks about a ...

The company said it is negotiating with the union over severance packages. Sumitomo Rubber Industries, parent of Sumitomo ...

Sumitomo Rubber USA maintains that the decision was finalized during a board meeting of Sumitomo Rubber Industries Ltd. (SRI) in Japan on November 5th. By Thursday, SRUSA had mobilized a fencing ...

Sumitomo took full control of it in 2015 after parent company Sumitomo Rubber Industries ended a joint venture with Ohio-based Goodyear Dunlop Tires North America. The sudden closure of one of the ...