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

Freudenberg boss: Transform to survive in era of new mobility

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Traverse City, Michigan – Suppliers who are not prepared to embrace new mobility options may not survive in the long run, Freudenberg Sealing Technologies CEO Claus Moehlenkamp has warned.

Indeed, Freudenberg Sealing Technologies could lose around 70% of its automotive sales if it does not embrace opportunities around e-mobility and fuel cells, he said in a presentation at the 2018 Center for Automotive Research Management Briefing Seminars (CAR MBS)…

Read the source article at European Rubber Journal

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

Unique Fabricating, Inc. Reports Second Quarter 2018 Financial Results

AUBURN HILLS, Mich.Aug. 9, 2018 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the second quarter ended July 1, 2018.

 

Read the source article at PR Newswire

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

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

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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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.

Read the source article at BNN Bloomberg

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.

Read the source article at businesswire.com