NTDA: Increased Shipping Costs to Cause Chinese Tyre Price Increases
(Staffordshire, U.K./Tyres & Accessories) Significantly higher transportation costs for tyres from China will increase the cost of brands from this market by up to 5% over the coming months, according to the NTDA.
Raw (Materials) Deal: Strapped By Rising Costs, Tiremakers Look at Fresh Alternatives
The volatility of the world’s political climate, the unpredictable weather in North America and El NiÑo in the Pacific Ocean are having very expected outcomes in terms of the cost of raw materials for the tire industry. Oh yes, and then there’s China. The economy of the world’s most-populous country continues to grow faster than
Goodyear Price Hike Will “More Than Offset Costs”
(Staffordshire, U.K./Tyres & Accessories) Following Goodyear’s announcement that it will increase prices on by 4 to 5 per cent on 1 April, some analysts have suggested that the rise will more than offset raw material costs.
New Tyre Sensor Offers Increased Safety and Lower Operating Costs
(Clacton, U.K./Tyres & Accessories) A new tyre sensor that can warn drivers of dangerous road conditions or urgently needed tyre maintenance has been developed in Germany.
Super Wides: Can Super Wide Tires Cut Fuel Costs?
Smart fleets and progressive tire dealers opt for a symbiotic relationship – one in which the dealer helps the fleet lower its operating costs, while the fleet ensures continued business for the dealer. After all, a supplier relationship in its ideal form should be a partnership, not just a sales contract. Still, commercial tire innovation
Michelin Looking to Cut Production Costs by 20%
(Akron/Tire Review – Financial Times) Groupe Michelin is aiming to lower its production costs in Europe and North America by an estimated 20% as it clamps down on inefficient development and manufacturing processes ahead of next year’s expected sharp downturn in the global truck market.
Tiremaker Shares Gain as Rubber Costs Decline
(Akron/Tire Review – Bloomberg) Rubber planters in Asia are tapping trees faster than ever, pushing down prices and helping a recovery in shares of tiremakers Bridgestone Corp., Groupe Michelin and Goodyear Tire & Rubber Co.
Yokohama Posts Sales Increase But Higher Costs Take a Toll
(Akron/Tire Review) The Yokohama Rubber Co. reported an 11% increase in net sales, to 106.8 billion yen, in the three months ended June 30, the first quarter of fiscal 2007, Apr. 1 to Mar. 31, 2007.
Sales Up, Profits Down for Bridgestone Due to Raw Materials Costs
(Akron/Tire Review) Bridgestone Corp., parent company of Bridgestone Americas Holding Inc. (BAH) , reported consolidated net sales of $12.4 billion for the six-month period ending June 30.
From All Sides: Consumers, Raw Materials Push Tiremakers to be ‘Aggressive’ in Cutting Costs
As corporate executive and COO of a tire unit, Jean-Michel Guillon has a unique perspective of the entire tire industry. COO of Michelin Americas Small Tires (MAST) and executive vice president of Michelin North America (MNA), Guillon has to consider both the operational and sales/marketing sides of the tire business. Guillon started with Groupe Michelin