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4-Traders Homepage  >  Equities  >  Tokyo  >  Sumitomo Rubber Industries Ltd    5110   JP3404200002

SUMITOMO RUBBER INDUSTRIES LTD (5110)
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Sumitomo Rubber Industries : Tonawanda tire plant to increase production, emissions

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10/06/2017 | 06:06pm CEST

Oct. 06--Sumitomo Rubber in the Town of Tonawanda plans to double its daily production of passenger and light truck tires.

It also will increase the air emissions generated from the facility, according to the state Department of Environmental Conservation.

In its application for a renewal of its federal air permit, documents show Sumitomo plans to produce 10,000 passenger and light truck tires every day at its Sheridan Drive plant. That's up from 5,000 per day.

The company plans to offset expected emissions increases with credits it's already generated through technological improvements, according to permit documents.

The DEC reported it tentatively determined it will renew Sumitomo's air permit pending a final review with public comments.

Comments are being accepted through Oct. 27. They must be submitted in writing to: Lisa M. Czechowicz, NYSDEC Region 9 Headquarters, 270 Michigan Ave., Buffalo, N.Y. 14203.

___

(c)2017 The Buffalo News (Buffalo, N.Y.)

Visit The Buffalo News (Buffalo, N.Y.) at www.buffalonews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( JPY)
Sales 2018 913 B
EBIT 2018 -
Net income 2018 49 300 M
Debt 2018 190 B
Yield 2018 3,49%
P/E ratio 2018 9,17
P/E ratio 2019 8,67
EV / Sales 2018 0,71x
EV / Sales 2019 0,67x
Capitalization 455 B
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 1 973  JPY
Spread / Average Target 14%
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Managers
NameTitle
Ikuji Ikeda President & Representative Director
Hiroaki Tanaka Representative Director & Vice President
Keizo Kosaka Independent Non-Executive Outside Director
Kenji Onga Director & Managing Executive Officer
Minoru Nishi Representative Director
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