BKT Aims for 32% Production Increase
Indian off-road tire specialist BKT appears on track to reach its market share goal ahead of schedule. In a statement released Feb. 17, company vice-chairman and managing director Arvind Poddar announced that due to current growth, the tiremaker’s aim of becoming a global leader in off-highway tire solutions with a 10% market share should be
Kumho Execs Talk Marketing, Fill Rate and Dealer Incentives in 2012
Kumho Tire USA’s Rick Brennan and David Koh discuss the tiremaker’s push to increase brand awareness through sports marketing, Kumho’s 2011 successes, and some insight for 2012.
Ceat Profits Fall on Increased Costs
Diminished profits are the order of the day in Ceat Ltd.’s audited financial results for the financial year ended Mar. 31. Performance in the final quarter impacted on the Indian manufacturer’s performance, and despite annual income growing 24.2% to Rs 35163.3 million, annual net profit plummeted from Rs 1610.3 million at the end of 2010
Nokian Seeing Increasing Demand, Say Analysts
Following Nokian’s recent pre-announcement of fiscal results, financial analysts have characterized them as proving "demand has continued to grow in all Nokian’s key markets." According to an investor’s note published by Deutsche Bank, this is said to be especially true in Russia, where foreign car sales are expected to grow by about a third in
What 2011 Tax Increases Mean for Tire Dealers
Small business owners have one month left to enjoy lower taxes on their assets. It’s no surprise that some are in a mad dash to sell their businesses before year-end in order to take advantage of the current tax rates. Why the tax increase? The current capital gain and ordinary income rates are scheduled to
Lanxess Sees Q2 Earnings Growth as Rubber Demand Increases
Upon releasing chemical manufacturer Lanxess AG’s financial results for the second quarter of 2010, the company’s Board of Management chairman Axel Heitmann commented on the 10 best-selling Lanxess products: “This list features eight rubber products from the Butyl Rubber and Performance Butadiene Rubbers business units for the manufacture of tires,” he stated. This strong tire
Sales, Income Up at Yokohama
Yokohama Rubber Co. has posted net income of 1.6 billion yen ($18.455 million) in the first quarter compared with a net loss of 1.8 billion yen in the same period of the previous fiscal year. That result is for the three months from April to June, the first quarter of the company’s fiscal 2011 (Apr.
Caterpillar Sets $700 Million Equipment Capacity Increase
In a positive sign for the giant OTR tire market, Caterpillar Inc. announced a $700 million multi-year investment to boost production of its key mining equipment. The Peoria, Ill.-based heavy equipment maker said the four-year program would see the addition of new mining shovels and increased haul truck capacity. The company’s Aurora, Ill., plant will
Persuasion Skills to Dramatically Increase Your Sales Success
When you say the word “persuasion,” it conjures up images of a person using underhanded or manipulative methods to get what he wants. But it doesn’t have to be that way. As a matter of fact, the world’s most quoted authority on the study of human persuasion, Dr. Robert Cialdini, says when it comes to
SDA Increases Florida Footprint
Miami’s South Dade Automotive has opened its third warehouse in Florida. The company’s new 49,000-square-foot warehouse is located in Pompano. The American Car Care Centers member distributor carries Goodyear, Continental, Dunlop, General, Yokohama, Falken, Hankook, Pirelli, Mastercraft, Achilles, Kelly, Sunny, Nankang and Kumho products, in addition to Remington and Jinyu truck tires.