E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025 Albany, NY — ( SBWIRE ) — 05/11/2018 — Global E-commerce Automotive Aftermarket Market: Overview The automotive industry is flourishing in the emerging economies of China and India on the back of increasing income per capita of the urban populations. Since these two countries are vastly populated, the automotive industry is expected to continue gaining new demand for a foreseeable future.
SEOUL, South Korea—Kumho Tire Co. Inc. suffered an 81.2 percent drop in pre-tax operating profit for fiscal 2017, on 2 percent lower sales.
Kumho’s earnings before interest, tax, depreciation and amortization (EBITDA) fell to $57.4 million on sales of $2.55 billion, according to the company’s fourth quarter investor relations documents. As a result, the operating ratio fell more than nine points to 2.3 percent. The operating result turned red to the tune of $139 million. Kumho did not report net earnings.
BRUSSELS — European nations are collecting and treating 94 percent of the used tires they generate, according to the latest figures from the European Tyre & Rubber Manufacturers’ Association.
In this Q&A, Dr. Bernd Lowenhaupt, managing director, Sumitomo Rubber Europe, gives his views on the development of new technologies within the tire industry:
ERJ: Please identify one significant development in the tire industry in the last 2-3 years and explain its importance.
BL: The most important development was the introduction of A/A rated tire and the next step will be creating a tire with better than ‘A’ performance in rolling resistance. To reach the stringent targets for CO2 emissions…
Falken Tyre will launch three new tyre models for three distinct applications from its stand (Hall 7, Area A) at The Tire Cologne (29 May – 1 June). The new tyres are the Euroall Season AS210 car tyre, the Euroall Season VAN11 for light trucks and vans, and the Wildpeak M/T01 4×4 tyre for off-road use.
Birmingham, UK – While details of tariffs to be imposed by the EU on truck & bus tires originating from China have yet to emerge, the impending move is already having an impact on the market.
At the Commercial Vehicle Show 2018 in Birmingham’s NEC, dealers reported significant increases on the prices of Chinese TBR tires, to allow for tariffs that are expected to be back-dated to 1 Feb.
The Goodyear Tire & Rubber Co. has reported results for the first quarter of 2018.
“We are pleased with our first quarter results given higher raw material costs and weaker demand than we expected in the quarter,” said Richard Kramer, chairman, CEO and president. “These results were highlighted by our performance in the 17-inch-and-larger segment in consumer replacement, which delivered more than double the industry growth in the U.S. and Europe.”
NEW YORK, April 17, 2018 /PRNewswire/ — Market Synopsis of Tubeless Tire Market: Globally, the market for Tubeless Tire is growing at a CAGR of 7.15% during the forecast period (2017-2023). The tubeless tire also known as inflated tires, does not require any inner tube inside the tire….
TRELLEBORG, Sweden—The integration of Czech rubber company CGS with Trelleborg A.B. is proving to be a “relatively complex” process, according to President and CEO Peter Nilsson.
“In general, we have worked with it in two stages. The first one, which has started, was to secure and develop continued customer relations and sales channels,” the Trelleborg boss said in an internal interview published in Trelleborg’s annual report.
Trelleborg is focusing more on now is continuing to improve the cost and revenue aspects, in part by creating synergies.
“For example, it’s a question of how we can reduce the complexity in our manufacturing and make more efficient use of our manufacturing facilities,” Nilsson said.
According to the Trelleborg official, the company created a new sales organization in 2017 to better leverage synergies, which he said will mostly occur in 2018 and beyond.
With one estimate claiming that internet sales of tyres across Europe will reach 5.5 million euros annually by 2021, this is a bandwagon to watch. With many tyre brands scratching ever harder to find new routes to market, the appeal of the internet is obvious and even perhaps a last resort.
As this column has commented on before, the efforts of the major manufacturers to strengthen their hold on retail distribution and increasingly to buy up wholesalers too will inevitably reduce the scope of smaller brands to reach the consumer. Against the backdrop, brand-specific web shops are a clear attraction.