On April 20, Sumitomo Rubber North America Inc. will idle production at its tire plant in Tonawanda, New York in response to the COVID-19 outbreak, according to Rubber News (subscription required). SRNA plans to resume work on May 4, but will evaluate if a third week of closure is necessary.
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On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6
Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect