Earnings Call Transcript:
Good morning, ladies and gentlemen, and welcome to the Trinseo First Quarter 2019 Financial Results Conference Call. We welcome the Trinseo management team, Frank Bozich, President and CEO; Barry Niziolek, Executive Vice President and CFO; and David Stasse, Vice President of Treasury and Investor Relations.
Today’s conference call will include brief remarks by the management team followed by a question-and-answer session.
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Enhanced tyre performance, surging tyre production, and introduction of innovative products will fuel automotive tyre market growth. The market will grow steadily during the 2017-2022 period with the market estimated to be valued at almost $300 billion in 2019, says the latest report by Fact.MR. According to the report, the automotive tire market is projected to grow at 5.1% CAGR through 2022.
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Online dollar sales of tires grew by 34% in the 12 months ending December 2018, according to The NPD Group’s Checkout E-commerce Tracking. The tire category alone outpaced e-commerce growth for the total market of automotive products, which was up 28 percent for the year.
“Historically, selling tires online was challenging because consumers had to then find somewhere to have them installed. Today, companies are finding creative ways to have tires reach consumers,” said Nathan Shipley, executive director and automotive industry analyst, The NPD Group. …
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Several manufacturers of off-the-road tires shared their company’s plans for 2019 as well as where they see the OTR market headed at the Tire Industry Association’s 2019 OTR Conference at the Saddlebrook Resort outside Tampa, Florida.
Representatives from OTR tire companies took part in a Tire Manufacturers’ Panel, where they teased new products coming from their companies in 2019 and shared what new initiatives their companies had for the upcoming year.
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Tire Technology International’s editor Matt Ross selects 10 speakers you can’t afford to miss at the upcoming Tire Technology Conference, which takes place at Tire Technology Expo Hannover, Germany, on March 5, 6, 7, 2019. Click here to view the full program and book your conference pass here.
Prof. Burkhard Wies, Continental – Physics of tire performance over lifetime: how to ensure best balance between safety and economy
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Global low rolling resistance tires market was valued at USD 60.5 Billion in 2017 and growing at a CAGR of 12.3% in the forecast period of 2018 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Segmentation: Global Low Rolling Resistance Tires Market
The global low rolling resistance tire market is segmented based on type, application, end user application and geography.
Based on type, the market is
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Shares of Goodyear Tire & Rubber (NASDAQ: GT) fell nearly 12% last month, according to data from S&P Global Market Intelligence . The global tire manufacturer owns a portfolio of 47 manufacturing facilities in 21 countries, but that planet-spanning diversification has turned into more of a liability in recent years.
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DUBLIN, Jan. 2, 2018 /PRNewswire/ — The “Global Specialty Tires Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering. The specialty tires market will register a CAGR of close to 4% by 2022. The development of airless tires to push growth in the market. Automotive…
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GM International , which oversees the Chevrolet , Holden, and Cadillac brands in the Asia-Pacific region , collaborated with Richard Watson , founder of NowAndNext.com and author of ‘Digital Vs. Human,’ for his Top 10 automotive trends to watch in 2019 .
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At the end of 2017, two strong global tire manufacturers almost linked up to form a major player in the industry.
Qingdao Doublestar Industrial Co. Ltd. didn’t give up, and in July finalized a deal to acquire Kumho Tire Co. Ltd. in a $607 million deal, giving it a 45 percent stake and control of South Korea’s second-largest tire maker.
Read the source article at Rubber and Plastics News