Bridgestone announces new president for Latin America Tire Operations

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Bridgestone Americas announced Joseph Saoud, former president for Bridgestone Americas Tire operations for truck bus radial and retread tires, has been named president, Bridgestone Americas Tire Operations Latin America (BATO LA). In this role, Saoud will oversee the Bridgestone tire business in Latin America, which includes subsidiaries in Argentina, Brazil, Chile, Colombia, Costa Rica and Mexico. He will report directly to Gordon Knapp, president and CEO, Bridgestone Americas.

Read the source article at Traction News

Yokohama posts “highest-ever” sales and operating profit

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Tokyo – Yokohama Rubber Co. Ltd has posted a 32.3% year-on-year rise in operating earnings to $242.6 million on first-half sales 1.8% higher at $2.85 billion, the company announced 10 Aug.

YRC cited raw materials, exchange rate differences and the price/mix factor as reasons for the earnings improvement. Combined, these offset negatives such as lower tire unit sales volume and higher fixed costs.

Read the source article at European Rubber Journal

USTMA Appoints New Director of Government Affairs

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The U.S. Tire Manufacturers Association (USTMA) has appointed Sean Moore as director of government affairs.

In this role, Moore will guide strategy for USTMA’s federal government affairs program and lead the association’s state advocacy efforts working with member companies and allied organizations.

Read the source article at Tire Review

Ford’s New CEO Has a Cerebral Style—and to Many, It’s Baffling – WSJ

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Senior executives at Ford Motor Co. F 0.85% have come to expect emails from their new boss, Chief Executive Jim Hackett, that include links to TED Talks and articles from Science Daily. They often come around 11 p.m., when he catches up on his reading.

Read the source article at wsj.com

Cooper Tire second quarter income down 67%

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Findlay, Ohio — Cooper Tire & Rubber Co.’s operating income plummeted 61.1% year-on-year to $32.8 million on second-quarter sales down 3.1% to $698.4 million. Net income for the three months to 30 June fell 66.9% to $15 million, compared with the year-ago period.

Read the source article at European Rubber Journal

Goodyear Tire & Rubber Co. (GT) Ceo Rich Kramer on Q2 2018 Results – Earnings Call Transcript

AKRON, Ohio, July 27, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2018.

“We delivered strong operating performance in the quarter highlighted by impressive volume growth in our mature markets where we regained share, particularly in the more profitable 17 inch and greater rim sizes in the U.S. and Europe,” said Richard J. Kramer, chairman, chief executive officer and president. “Additionally, we achieved our price/mix and net cost savings goals for the quarter.”

Read the source article at Stock Market Insights

Bridgestone Americas Making Marketing Leadership Changes

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Bridgestone Americas is making some leadership changes within the marketing organization for the company’s consumer tire business and Bridgestone Retail Operations (BSRO). These changes follow the announcement that Phil Pacsi, vice president, sports and events marketing and training, will retire after 36 years with the company, effective Sept. 30.

Read the source article at Aftermarket News

2017 marked tough year for Chinese tire makers

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LONDON — Last year was another polarizing year for China’s tire sector.

The country’s tire production in 2017 increased by 5.4 percent from 2016 to 926 million units, a third of the global total. Tire makers’ production had a 7.1 percent rise to 653 million units, data from China’s ministry of industry and IT also shows.

Radial tire production climbed 8.5 percent to 613 million units — including 131 million truck and bus tires, up 8.2 percent year-on-year, and 482 million passenger car tires, up 8.5 percent year on year—while bias tire production dropped 11.1 percent to 40 million units.

Read the source article at Tire Business

Tyremakers plan aggressive capacity expansion in India

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Tyremakers in India have embarked on aggressive capacity expansion to meet the growing demand from automobile manufacturers and replacement market. They are focusing on expanding their footprint in both domestic and international markets. The projected growth in demand for tyres is expected to be driven largely by Truck and Bus (T&B), PV and scooter segments. Replacement demand for T&B is also expected to grow as the economic activity in the country revives, leading to increased goods movement.

Read the source article at Rubber Asia

Sustainable rubber, autonomous vehicles on industry agenda

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HILTON HEAD, S.C.—The tire industry has seen big changes in the last decade witnessed by how the aftermarket is split up, and will see even bigger changes in the future brought on by new automotive technologies, according to Dave Zielasko, publisher of Rubber & Plastics News. Speaking at the recent Clemson Tire Industry Conference in Hilton Head, he said of 209 million replacement passenger tires shipped in the U.S. in 2017, 144 million were imported.

Read the source article at Rubber and Plastics News