News

Hankook Suffers Sales Slowdown in 2Q 2017

Hankook Tire Co. Ltd. posted income before taxes of 3.1 trillion won on net sales of nearly 17.3 trillion won for the second period ended June 30, 2017. That compares to income of 2 trillion won on sales of 16.4 trillion won for the same period in fiscal 2016.

News

Trelleborg Plans More Price Increases for Sept. 1

For the second time this year, Trelleborg Wheel Systems America Inc. plans to raise prices on its agricultural, forestry, industrial and construction pneumatic tires. The need for the increases was "driven by higher raw material costs."

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

News

Goodyear Raw Material Costs Increased $300 Million in 3 Weeks

Tire makers worldwide are citing rising raw material costs as the driver of their price increases. Goodyear Tire & Rubber Co. painted a picture of just how extreme the increases have been so far — using words like “volatile” and “unpredictable."

News

Apollo Prepares for Rising Raw Material Costs

Apollo Tyres Ltd. posted net profit of nearly 3 billion rupees on net sales of 34.3 billion rupees for its third quarter ended Dec. 31, 2016. That compares to profit of 2.8 billion rupees on sales of 29.3 billion rupees for the third quarter of Apollo's 2015-2016 fiscal year.

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