The Japanese company that owns tire maker Dunlop shuttered a century-old New York factory — and fired 1,500 workers — as it moved manufacturing overseas. Sumitomo Corp, the Tokyo-based conglomerate that boasts a market capitalization of more than $25 billion, closed down the Dunlop plant located in Tonawanda, near Buffalo, on Nov. 7. The closure is the latest blow to the Western New York area, which like much of the Rust Belt has seen its manufacturing sector decimated by companies shifting production overseas in recent decades. The company said that cost controls and investments in the aging facility were not...