This is increasingly true in the tire industry, as more consumers seek tires that meet multiple performance needs without tradeoffs. …
Yantai, Shandong – Linglong Tire’s first half net profit increased 38% year-on-year to €92 million (725 million yuan), on 15% higher revenue at €1.05 billion.
The company’s Thai plant, at the sixth year of its eight-year tax exemption period, generated €60 million net profit on €287 million revenue, said the tire maker in half year report released in August.
In this Q&A interview, Dr Wolfram Herrmann, head of R&D materials at ContiTech AG, addresses challenges and opportunities facing the rubber products industry.
FRANKFURT (Reuters) – Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company’s chief financial officer told Boersen-Zeitung. As a result Bosch would not be able to achieve an earnings before interest and taxes margin of 7% as it did last year, Stefan Asenkerschbaumer told the newspaper.
General Motors beat analyst estimates for the second quarter Thursday with strong sales in North America leading the way. Its stock gained 3% from Wednesday’s close of $40.34 a share. Here’s what GM reported against average analysts’ estimates compiled by Refinitiv: GM reported second-quarter net income of $2.41 billion or $1.66 per share, compared with $2.39 billion or $1.66 per share a year earlier. Excluding one-time items, GM reported earnings of $1.64 per share.
NEW YORK, May 21, 2019 /PRNewswire/ — In 2018, global natural rubber industry continued remained at low ebb, as a result of economic fundamentals. Global natural rubber price presented a choppy downtrend and repeatedly hit a record low in recent two years, in spite of an uptick in the…
PMR delivers key insights on the global forestry equipment tire market in its latest research report, Forestry Equipment Tires Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028.
On the basis of insights and findings in the report, the long-term stance for the global forestry equipment tire market is expected to be positive with an estimated value CAGR of 5.7% during the forecast period.
EXTON, Pa.—Liquid silicone rubber, used in automotive, medical and other markets, is growing so quickly that molders are experiencing resin shortages, according to Rick Ziebell, vice president of technology for R.D. Abbott Co. Inc.
Ziebell, the first speaker at an April 9-11 open house at Boy Machine Inc. in Exton, called the shortages “the elephant in the room.”
FINDLAY, Ohio — Cooper Tire & Rubber Co. has raised prices on its Cooper- and Roadmaster-brand truck tires to compensate for the elevated import duties levied by the U.S. government on truck tires from China.
The increases were effective after the start of the second quarter. Cooper declined to disclose the scale of the increase. Cooper/Roadmaster dealers contacted by Tire Business described it as a price “adjustment.”
Whether it’s Lucille Ball and Desi Arnaz traveling across the country in “The Long, Long Trailer” or Iggy Pop spending time at home with Mom and Dad, Americans love their campers.
Now the iconic symbol of middle-class success is gaining ground with a new audience: Millennials, who not only are traveling the country in them but renting the wheeled living quarters through Airbnb.
According to the Recreational Vehicle Industry Association, RV shipments saw their second-best year in 2018, with 483,672 units. Shipments were down only 4.1% from 2017’s record-setting year of 504,600 units.