Goodyear Says Asia-Pacific Sales Will Ease Slightly - Tire Review Magazine

Goodyear Says Asia-Pacific Sales Will Ease Slightly

(Akron/Tire Review) Goodyear Tire and Rubber Co. expects sales in the Asia-Pacific region to ease slightly this year as a result of slowing auto sales in China, according to a Reuters report.

Sales in the region rose 8.5% in 2005. However, Goodyear’s Asia-Pacific President Pierre Cohade was quoted as saying that sales in the region will only increase 6% this year. Goodyear currently has about 20% of the tire market in Asia. Replacement tires account for 40% of Goodyear’s China sales. Cohade said replacement sales could exceed 50% in five years.

Last year, Goodyear announced an investment of $120 million at its Dalian plant in China to increase production to 5.3 million tires annually by 2007. The tiremaker increased prices in China by 3% due to rising raw material costs.

You May Also Like

SEMA Trade Show to Go: See the Latest Bartec Technology

Bartec CEO Scot Holloway introduced a suite of tools at this year’s SEMA Show.


Bartec CEO Scot Holloway recently guided us through the evolution of the Bartec brand, emphasizing the company's role in OE assembly and wheel and tire builders, as well as its current status as a supplier of TPMS tools and automotive aftermarket solutions.

Holloway also introduced a suite of tools at this year's SEMA Show. From the wireless Tech 600 Pro to the entry-level Tech Right Pro, he said each tool is engineered with precision to ensure a repeatable, solid and user-friendly experience for technicians.

Mickey Thompson Unveils Baja Boss XS Tire

An evolution of the Baja Boss M/T, the Baja Boss XS features an asymmetric tread pattern and reinforced sidewalls.

Yokohama Off-Highway Tires Launches Pair of New Radial Wheel Loader Tires

Yokohama released two new, extra-deep tread radial tires designed for loaders and dozers in construction, mining and quarry applications.

Bridgestone Honored as Top Company for Women in Transportation

Bridgestone received an award from Women in Trucking for promoting benefits and advancement for female employees.

Honesty is the Best Policy for Shop Growth

As a shop owner, you must identify and eliminate any dishonest behaviors that seep into your operations.


Other Posts

Falken Tires Earns RTS Top Market Share Increase Award

The award acknowledges Falken’s commitment to innovation and quality in the passenger car/light truck segment.

Discount Tire Awards Scholarship to USF Pro Championships Driver

Discount Tire awarded $664,500 in scholarship money to USF Pro 2000 champion Myles Rowe.

Bridgestone Raises Over $2.44 Million for United Way

Bridgestone’s annual efforts, including a record-breaking golf tournament, raised funds supporting Middle Tennessee communities.

Hofmann Debuts Advanced Armored Series 2400P Wheel Balancer

Hofmann said its Hofmann balancer ensures precise balancing, smartSonar technology and versatile use for standard and EV wheels.