Yokohama Posts Sales Drop, Improved Income
The short-lived dip in raw material costs the industry experienced in 2009 helped Yokohama Rubber Corp. towards a better bottom line result in its recently concluded financial year. The company has announced net earnings of 11.5 billion yen for the fiscal year ended Mar. 31. This gain compares with a net loss of 5.7 billion
The Strategy Behind Tire Company Price Increases
There are price increases and there are price increases. Anyone who has observed the tire market for long enough will be aware that what it says in the book and what customers pay are often two different things. Firstly, when someone like a bank says “price increases,” they are referring to the proportion of the
Sumitomo: Sales Down, Net Income Increased
Sumitomo Rubber Industries’ consolidated financial results for the year ended Dec. 31, 2009 show the company to have earned net sales of 524,534 million yen (3.71 billion) during the year, a decrease of 13.3% on the previous year. From this, the company’s total tire segment sales amounted to 433,471 million yen (3.07 billion), or 82.64%
2009: Onliner Delticom Reports 20% Revenue Increase
Hanover-based Delticom AG has released preliminary 2009 financial results that show group revenue totaled 310 million euros, compared with 259 million euros in 2008. The growth realized (+20%) was twice as strong as expected. Last year, 800,000 customers purchased tires for the first time in one of the company’s number of online shops, which includes
Cooper Jumps to Profit, Increased Sales for 3Q
Cooper Tire & Rubber Co. posted a profit of $71 million for the third quarter against sales of $803 million, up a slight $9 million from the same period last year. The tiremaker said its quarterly net income of $47 million was a $102 million improvement from a loss of $55 million in 2008. Through
Nitto Expands Luxury Touring Line to Include CUV Sizes
Nitto Tire U.S.A. expanded its NT850 Premium line to include sizes specifically developed for crossover utility vehicles. The NT850 CUV sizes are distinguished from the passenger vehicle sizes by the “CUV” label imprinted on the sidewall and a 5-rib tread pattern designed for all-season performance and durability. The following new sizes were added to the
Alcoa Wheels Increase Tyre Life on Turkish Buses
Turkish bus company HAS Turizm is claiming increased tyre life after switching to Alcoa forged wheels.
SEMA Show to Include New International Roundtable Event
The Tire Industry Association is hosting a new event at the Tires, Wheels and Equipment section of this year’s SEMA show.
Marangoni Constructs 63-inch Retreading Machine
Marangoni Tyre Machinery, the Marangoni Group division that deals with the construction of advanced machinery for the tire industry, has completed the construction of the Trio Super 63-inch machine for retreading large size EM tires, up to and including 63 inches.
Michelin Net Income Falls 53.8%
Groupe Michelin has reported that group sales fell 2.9% in 2008, and 16% in the final quarter.