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Sumitomo Rubber to dissolve U.S. subsidiary Sumitomo Rubber USA

Sumitomo Rubber Industries, Ltd. (Sumitomo Rubber) announced that it will terminate production and dissolve its consolidated subsidiary, Sumitomo Rubber USA, LLC (SRUSA). Due to deterioration of productivity and profitability, the company decided that it will be difficult to ensure profitability of its SRUSA tire pro....

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