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.

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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.

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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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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.

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Global Ultra High Performance (UHP) Tire Market to 2023: Analysis by Vehicle Type, Tire Type, Demand Category, and Region

Dublin, July 30, 2018 (GLOBE NEWSWIRE) — The “Global Ultra High Performance (UHP) Tire Market By Vehicle Type (Passenger Car Vs Two-Wheeler), By Tire Type (Summer & All-Season Vs Winter), By Demand Category (Replacement Vs OEM), By Region, Competition Forecast & Opportunities, 2013-2023” report has been added to ResearchAndMarkets.com’s offering.

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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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American Tire in Talks With Sponsors as Support Unit Revamps –

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(Bloomberg) — American Tire Distributors Inc. is overhauling part of its business, cutting jobs and talking with sponsors about how to steady and grow the company after the makers of Goodyear and Bridgestone pulled most of their business. The company’s distressed bonds rose. The reorganization at American Tire’s field support center includes dismissing 100 employees, according to a person with knowledge of the matter.

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Trinseo Releases 8th Annual Sustainability and Corporate Social Responsibility Report

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BERWYN, Pa.- Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex binders, and synthetic rubber, today has published its 2018 Sustainability and Corporate Social Responsibility (CSR) Report , which showcases how Trinseo is meeting or exceeding the highest standards of safety and environmental performance, and developing innovative solutions that benefit our world.

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Daimler braces for European emissions-test impact as Q2 profit falls 30%

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FRANKFURT — Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit sales. Earnings before interest and tax (EBIT) fell 30 percent to 2.64 billion euros ($3.1 billion) during the quarter, weakened by Chinese price-cutting on U.S.-made Mercedes models to offset import duties, the company said on Thursday. Revenue dipped 1 percent to 40.8 billion euros.

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