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.”

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Global Two-Wheeler Tire Market – Competition Forecast & Opportunities, 2013-2023

LONDON , July 30, 2018 /PRNewswire/ — Global Two-Wheeler Tire Market By Vehicle Type (Motorcycle & Scooter/Moped), By Demand Category (OEM Vs Replacement), By Region (APAC, Europe & CIS, North America , South America , Middle East & Africa ), Competition Forecast & Opportunities, 2013-2023 Download the full report: https://www.reportbuyer.com/product/5479824 According to “Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013-2023” two-wheeler tire market is projected to surpass $ 18 billion by 2023.Growth in the market is led by rising two-wheeler sales, expanding two-wheeler fleet size and increasing per capita income across the globe. The global …

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ANRPC downgrades NR production estimate for 2018

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The world production of natural rubber (NR) rose 4.5 percent, year-over-year, to 6.214 million tonnes during the first-half of 2018. This is inclusive of production from non-ANRPC countries accounting for around 10 percent of the world output, stated the Natural Rubber Trends and Statistics report by the Association of Natural Rubber Producing Countries (ANRPC) in June 2018.

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Progress continues on Nokian’s plant in Tennessee

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DAYTON, Tenn.—Nokian Tyres North America reports construction of its plant in Dayton is progressing and is on schedule to meet the company’s goal of starting commercial-scale production by 2020.

According to the company, there are 250 construction workers on site at the Dayton location and, to date, around 70,000 labor hours have been worked.

Construction of the production building, the largest and most complex area in the facility, has begun, with more than 6,000 cubic yards of concrete having been poured for foundation and piles drilled down to the bedrock.

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Winter Tires Market Remains Hotly Contested as a US$ 43 Billion Opportunity is in the Offing 20

The penetration of winter tires continues to gain ground in heavy commercial and light commercial vehicles – a trend that is complementing the steady demand from passenger cars segment.

According to Fact.MR study, nearly 220 million units were sold in 2017, with passenger cars accounting for over 50% of sales. A combination of macroeconomic and industry-specific factors is influencing demand for winter tires.

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Farm tires market growth restrained by weak global commodity prices

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Farm tire sales continues to be weak due to the broader sluggishness in the farm equipment market, however, opportunities exist as global sales are likely to surpass 42 million in 2018. Demand is led by tractors and harvesters, with trailers and sprayers following suit. Sales continue to remain concentrated in the independent aftermarket channel, with OEM and OES complementing demand.

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ETRMA tire sales: A half of two quarters

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Brussels – European sales of replacement passenger car and truck & bus tires recovered strongly in the second quarter, figures from the European Tyre & Rubber Manufacturers’ Association (ETRMA) show.

In the three months to 30 June, ETRMA member companies reported a 5% year-on-year increase in sales of passenger car tires, to 49,154,000 units – in contrast to a 6% year-on-year decline in the first-quarter to 52, 353,000 units.

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The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 5.6% from 2018 to 2023

NEW YORK, June 6, 2018 /PRNewswire/ — Trends, opportunities and forecast in carbon black market to 2023 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging,…

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Future Tire: Industry leaders map the road ahead

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In a series of Q&As in the run up to Future Tire 2018, ERJ asked conference participants for their views on the new technologies that are driving or are set to drive real change within the tire industry:

Dr. Guido Hüffer, general manager retail operations DACH at Goodyear Dunlop Handelssysteme,

The most important drivers of Tire Retail business were and still are the increasing complexity of car technology and further digitalisation….

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The green or low rolling resistance tires market is projected to reach USD 104.23 billion by 2022, at a CAGR of 10.7% from USD 62.68 billion in 2017

LONDONMay 9, 2018 /PRNewswire/ — Government initiatives to reduce carbon emissions and tire labeling regulations are anticipated to drive the green tires market.

The green or low rolling resistance tires market is projected to reach USD 104.23 billion by 2022, at a CAGR of 10.7% from USD 62.68 billion in 2017. One of the most significant factors driving the growth of the green tires market is the increased government initiatives for a green and clean environment. There is a rising concern over factors affecting the fuel efficiency of vehicles and CO2 emissions. Thus, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. However, lack of awareness regarding the benefits of green tires restricts the growth of the green tires market in emerging economies.

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