Sumitomo Rubber Industries Ltd. reported marginal increases in operating and net income for the quarter ended Sept. 30 on 7.6-percent higher sales. The third quarter earnings gains were considerably below those in the first and second quarters, SRI figures show,…
Category: Industry News
Indonesia tyre industry foresees progress
Indonesia’s tire market is forecast to grow at a compound annual growth rate (CAGR) of about 10 percent through 2019, according to a recently released report. Global market research and consulting firm TechSci Research said in the report — “Indonesia…
Giti reports outstanding debut at Euro Bus Expo
Giti Tire has described its Euro Bus Expo debut a success, generating several European-wide sales leads and citing significant interest in both the GT Radial GSR225 Combi Road and GAU861 all-position urban city-bus tyres.Euro Bus Expo 2015 Peter Foulkes, Marketing…
Michelin to develop truck tyres for the Asian market
Groupe Michelin will set up a research team in India to develop truck tyres for the Asian market, according to the company’s CEO. Michelin CEO Jean Dominique Sennard announced the news when asked whether Michelin will respond to the country’s…
Michelin to launch self-sealing tyres for European market
Groupe Michelin will be introducing a line of self-sealing tires for the European market in 2015 at the original equipment level. The tires will then be introduced at the OE level in the United States within three years, according to…
Sumitomo Rubber gains global innovator award
Sumitomo Rubber Industries was included on Thomson Reuters’ 2014 Top 100 Global Innovators list, released on Nov. 6. Reuters noted that its top 100 most innovative companies achieved nearly double the 6.85% annual revenue growth rate of S&P 500 firms…
Marangoni and Tatneft to partner for tyre retreading in Russia
Italian tyre retreading specialist, Marangoni, and Tatneft Group, one of Russia’s largest oil and petrochemical vertically-integrated groups in Russia, are forminga joint venture (jv) in Russia for tyre retreading of all steel truck tyres. The jv company will be based…
Hankook wins outstanding supplier award
Hankook Tire has been selected as a recipient of Blue Bird Corp.’s 2014 Outstanding Supplier Award in the polymer category. This is the second year in a row Hankook has received the award, which underscores the company’s commitment to its…
Toyo announces net income increase
Toyo Tire & Rubber Co. Ltd. reported record sales and earnings for the nine months ended Sept. 30, as profits benefited from the effects of higher revenues, lower raw materials costs and favorable foreign-exchange rates. Operating income for that period…
Sentury introduces new Delinte DX10 A/T tyre
Sentury Tire Americas displayed its new Delinte DX10 A/T tyre at the 2014 SEMA (Specialty Equipment Market Association) Show in Las Vegas. The Sentury booth, located in the Global Tire Expo portion of the Las Vegas Convention Center, featured the…