February 9, 2021
Sumitomo Rubber Industries, Ltd. is pleased to announce that, in order to respond to increased demand driven by strong sales of our high-performance tires for SUVs and light trucks in the North … more American market, our group has decided to invest in increasing production capacity for passenger car tires and light truck tires at our factory in the United States. With a planned investment of 96 Million USD (Approx. 10.1 Billion JPY*), this capacity increase will see the factory’s daily maximum output in these tire categories increase from the current 6,500 tires per day to 12,000 tires per day by the end of 2023. At the same time, in response to increasing sales of truck and bus tires in North America, we have also decided to invest 26 Million USD (Approx. 2.7 Billion JPY*) to increase production capacity in these categories at our USA Factory from the current 1,750 tires per day to 2,300 tires per day by the end of 2024. All told, we are planning to invest a total of 122 Million USD (Approx. 12.8 Billion JPY*) in order to augment production capacity and improve overall productivity at our factory in the United States over the coming years.