Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

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Cabot boss expects “solid growth” in American tire market

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Boston, Massachusetts – Cabot Corp. expects to see “solid growth” in the North American tire sector due to ‘long-term fundamentals’ of the market, according to company CEO Sean Keohane.

In a full-year results conference call on 2 Nov, Keohane said tire-plant investments were ramping up in North America with “a shift towards more local production that will support growth rates in that range.”

Read the source article at European Rubber Journal

Global truck tire market to grow 4% to 2027

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Leatherhead, UK – Global truck tire demand is set to show 3.5% year-on-year growth over the next 10 years, according to Smithers Rapra.

In a new market report, the research firm estimates that the value in this market will come in at $107.6 billion this year and then reach $152.4 billion in 2027.

“Volume consumption of all truck tires will increase at a rate of 3.2% per year from 2017–2027, according to the market study. This estimate, it noted, allows…

Read the source article at European Rubber Journal

Greenball Rolling into SEMA with All-New Tire Models

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Greenball Corporation is returning to SEMA this year with a newly expanded line of tires and wheels for a wide range of vehicles, from light trucks, specialty trailer tires, ATVs, UTVs and more. According to the company, Greenball’s light truck brands are both expanding their size offerings for select models. On display at the Greenball booth will be two new sizes of Kanati’s Mud Hog M/T tire, with five more sizes coming soon.

Read the source article at Tire Review

Global Mining Tire Market – Competition Forecast & Opportunities, 2012 – 2022

NEW YORKOct. 12, 2017 /PRNewswire/ — Global Mining Tire Market By Vehicle Type (Dump Truck, Wheel Loader, Backhoe Loader, Motor Grader, Bulldozer, and Others), By Demand Category (OEM Vs. Replacement), By Region, Competition Forecast & Opportunities, 2012 – 2022

Read the full report: https://www.reportlinker.com/p05142055

Increasing government plans and programs aimed at boosting mining projects, surging demand for retreaded mining tires and expanding distributor and dealership network by tire manufacturers, coupled with adoption of radial tires due to several features such as their improved fuel efficiency, reduced wear and tear, etc., are some of the factors driving demand for mining tires globally.

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Future of tire technology tied to transportation revolution

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CUYAHOGA FALLS, Ohio — The future of the tire industry depends on how it responds to the revolution of transport systems globally, according to Goodyear’s senior director of external science and technology programs.

Surendra Chawla, who’s been in his position with Goodyear since 2007,  delivered the keynote address at ITEC in Focus: Reinforcements for Tire Performance, a one-day conference held in mid-September.

Read the source article at Tire Business

GRI Debuts Industrial Wide Tread Solid Tire

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After the release of GRI’s Globestar tire in 2002, the company has decided to follow up one of their most popular tires with its new Globestar Wide Tread (WT) solid tire.

The tire was created to fit the needs of growing market demand for a wider industrial tire.

Read the source article at Tire Review

Bridgestone launches new touring tire

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Brussels – Bridgestone has launched its Turanza T005 premium touring tire at a recent event in Greece, the company announced 9 Oct

Developed and produced in Europe, the tire is said to deliver “outstanding wet performance and fuel economy, combined with high mileage.”

With more than 140 sizes for 14’’ to 21’’ rims, it will be available on the European replacement tire market from January 2018 and will replace the current T001 EVO.

At the same time, Bridgestone…

Read the source article at European Rubber Journal

Global tire rankings: Bridgestone reigns supreme again

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AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.

Read the source article at Tire Business

Tire Retreading Market Is Expected to Witness Double Digit CAGR Growth over the Span of Next 10 Years

… The global tire retreading market is expected to witness increase in investment from tire manufacturers. Fluctuation in raw material prices may act as a restraining factor and cause fluctuations in the market growth. Oil is a key raw material for tire retreading and hence, any fluctuations in oil prices is capable of causing fluctuations in retreading tire market growth. Another issue that the tire retreading market is facing is quality and reliability.

Read the source article at SBWire