The Rubber Manufacturers Association (RMA) is rebranding itself, and its new name is more focused on what its members do — manufacture tires in the United States.
Bridgestone Corp. reported net income of 142 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2014. That compares to income of 117 billion yen on sales of nearly 1.7 trillion yen for the same period last year.
Based on the exchange rate on June 30, 2014, Bridgestone recorded net income of nearly $1.4 billion on net sales of $17.2 billion for the first half. Its income-to-sales ratio was 8.3%.
Bridgestone’s operating income rose 17%, from 190.3 billion yen to 223.1 billion yen.
The company says the United States economy continues gradual recovery due to an increase in consumer spending, and the European economy has shown signs of recovery. Overall, recovery by many overseas economies remains weak, according to Bridgestone. The Japanese economy is showing signs of a gradual recovery due to economic and monetary polices.
In the tire segment, Bridgestone worked "to maximize sales momentum by introducing appealing new products globally, enhancing strategic products and reinforcing fundamental competencies such as specification optimization, and responding promptly to demand fluctuation in each region."
Tire income/sales in yen, 1H 2014
Year Net sales Operating income
2013 1.469 trillion 202.0 billion
2012 1.448 trillion 173.2 billion
Unit sales of passenger and light trucks in North America “increased steadily” compared to the first half of fiscal 2013. Unit sales of truck and bus tires “increased strongly” compared to the year-ago period, according to the company.
For fiscal 2014, Bridgestone projects net income of 293 billion yen on net sales of 3.6 trillion yen. Compared to 2013 fiscal results, the projections are up 45% and 2%, respectively. The company predicts operating income will be up 8% to 475 billion yen.
Plaza Tire Service Inc. has opened its first store in Springfield, Mo., which brings the company to 61 stores in four states.
The Automotive Parts Services Group (The Group) has honored three suppliers for sales and service excellence.
Zhongce Rubber Group Co Ltd. (ZC Rubber) has opened a research and development center in China in cooperation with a state-owned research and development institute.
Since 1994 Bauer Built Inc. has recognized the children and grandchildren of its employees through the G. F. “Sam” and Ethel V. Bauer/Bauer Built Inc. Scholarship program. Four high school seniors have earned the prize in 2017.
Amanda Mathis will continue to lead Bridgestone America Inc.'s financial team in a new role: chief financial officer (CFO).
Pneus Unimax Ltd., the company that's working to spread the Point S banner in Canada, has hired Jeff Bullock as its business development manager for the English-speaking portions of the country.
As I am sure all MTD readers can appreciate, Europe is currently in the grip of a number of significant business trading changes including a fluctuating economy and the very real prospect of the UK market eventually leaving the European Union.
According to the results of our survey, demand for passenger and light truck replacement tires declined in March. Indeed, from a volume standpoint, the dealers reported they sold 0.8% fewer tires in March relative to the previous year’s period. The decline marks the third straight month of poor results versus the prior year’s period. However, on more a positive note, trends improved sequentially.
Which tire company is associated with Major League Baseball? Is it Falken Tire Corp.? Hankook Tire America Corp.? Yokohama Tire Corp.? Toyo Tire U.S.A. Corp.? Kenda USA? Nexen Tire America Inc.?
American Tire Distributors Inc. (ATD) has opened its fourth regional mixing center in the U.S. Large enough to hold nearly 1 million tires, the mixing center in the Dallas/Fort Worth area will replenish the inventories of 32 ATD distribution centers in the Southwest.
The Tread Rubber and Tire Repair Materials Manufacturers Group (TRMG) has released additional Recommended Practices (RPs) for retreading and repairing through the Tire Retread & Repair Information Bureau (TRIB) website. The RPs are free to view on TRIB’s website, www.retread.org.
Tire sales at Monro Muffler Brake Inc.'s comparable stores fell 11% in the fourth quarter of fiscal year 2017, capping off a year of lower tire sales in those same stores.
As a kid growing up in Wilmington, Del., I played Little League Baseball. My neighbor, Nat Shockley, the barber, sponsored my team, the Delpark Colts.
CUVs are on the verge of running passenger cars off the road in America. Tire makers insist it’s not a matter of if it will happen. It’s when. And it signals good news for tire dealers, says Drew Howlett, product manager for light truck and SUV tires at Falken Tire Corp.