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

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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 2017 859 B
EBIT 2017 -
Net income 2017 43 079 M
Debt 2017 139 B
Yield 2017 2,62%
P/E ratio 2017 12,76
P/E ratio 2018 10,99
EV / Sales 2017 0,80x
EV / Sales 2018 0,75x
Capitalization 551 B
Chart SUMITOMO RUBBER INDUSTRIES
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Sumitomo Rubber Industries Technical Analysis Chart | 5110 | JP3404200002 | 4-Traders
Technical analysis trends SUMITOMO RUBBER INDUSTRIES
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 15
Average target price 1 910  JPY
Spread / Average Target -8,9%
EPS Revisions
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
Sector and Competitors
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SUMITOMO RUBBER INDUSTRIES LTD12.81%4 856
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MICHELIN15.28%25 916
GOODYEAR TIRE & RUBBER CO8.16%8 406
NOKIAN RENKAAT OYJ8.98%6 240
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