JAPANESE rubber supplier Yokohama Rubber increased its net sales by 8.4% to 258.2 billion yen in the first six months, due to a surge in tyre business, led by strong sales in Japan’s replacement market.
Its operating income declined 8.3% from the same period of the previous year, to 7.6 billion yen, on account of rising raw material costs, the appreciation of the yen and an increase in selling. Yokohama also recorded a higher-than-projected operating profitability reflecting increases in selling prices for products and progress in trimming costs.(PRA)
Asia's First E-Magazine for the Rubber Industry