The farm tire market has been bleak for the past few years, and although tire dealers are hopeful, this year may bring more of the same.
The last five decades of the US Tire Industry was quite eventful and marked by a series of mergers and acquisitions involving mostly foreign players who were far ahead in adopting advanced tyre manufacturing technologies. Today, the tire industry in USA is the largest of any in the world and its future will be similar to what will be seen in the rest of the world, since world tires are now similar in construction and operation and depend more upon vehicle use than nationality.
NEW ORLEANS—Continental Tire the Americas has introduced two General-brand tires for two kinds of driving enthusiasts its first summer ultra-high performance tire, the G-Max RS, and a next generation, all-terrain tire, the Grabber A/TX, replacing the…
Michelin North America Inc (MNAI) and Sumitomo Corporation of Americas (SCOA) announced a definitive agreement to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture, forming the second-largest player in the wholesale tire market in the United States.
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
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.”
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…
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.
NEW YORK, Oct. 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.
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.