Sumitomo Shifts to 100% Renewable Energy in Two Tire Factories in China

Sumitomo Rubber Industries, Ltd. is pleased to announce that, as part of our ongoing efforts to contribute to the realization of a carbon-free society, the Sumitomo Rubber Group’s two tire factories in the People’s Republic of China (Changshu Factory and Hunan Factory) completed the transition to purchasing 100% of their electric power from renewable energy sources in January of 2022.

In addition, with further plans to install solar power generators from the second half of the year, these two factories are now slated to reduce their total annual (2022) CO2 emissions from tire manufacturing processes by an estimated 70% compared to their 2021 emissions levels.

Source: MarketScreener.com