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

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

2017 marked tough year for Chinese tire makers

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LONDON — Last year was another polarizing year for China’s tire sector.

The country’s tire production in 2017 increased by 5.4 percent from 2016 to 926 million units, a third of the global total. Tire makers’ production had a 7.1 percent rise to 653 million units, data from China’s ministry of industry and IT also shows.

Radial tire production climbed 8.5 percent to 613 million units — including 131 million truck and bus tires, up 8.2 percent year-on-year, and 482 million passenger car tires, up 8.5 percent year on year—while bias tire production dropped 11.1 percent to 40 million units.

Read the source article at Tire Business

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.

Read the source article at Stock Market Quotes and News

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 …

Read the source article at PR Newswire

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.

Read the source article at Traction News

SUVs, CUVs could be curtailing OE tire growth

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Akron, Ohio – The share of the US original equipment and replacement tire markets held by high-performance tires — defined as H-rated and higher — has risen for eight straight years, according to US Tire Manufacturers Association (USTMA) data, to nearly 56% and 45%, respectively.

A closer inspection of the data, however, shows the share held by V- and Z-rated tires has plateaued at OE at roughly 20% but continues to grow steadily in the replacement…

Read the source article at European Rubber Journal

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.

Read the source article at European Rubber Journal

Yokohama launches Ascend GT all-season tire on US market

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Yokohama has launched a new model in its Avid all-season tire range. The Ascend GT, which is now on sale in the USA, is designed to provide better handling for passenger cars.

It is available with H and V speed ratings and comes in 50 sizes from 15in to 20in. It also comes with a two-year, 65,000-mile tread life warranty.

Read the source article at Tire Technology International

Nokian Tyres increases production at the Nokia factory, running four shifts

Nokian Tyres plc is increasing its production capacity for passenger car tyres at the Nokia factory by approximately 30% by starting to run in four shifts. With this capacity increase, more than 80 new people will be hired for passenger car tyre production in Nokia.

Read the source article at news.cision.com