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.

"Importantly, we ended the quarter on a strong note, growing U.S. volume over the prior year and outperforming the industry in June," says Hughes.
News

Cooper's 2Q Results Reflect Market Turbulence

Brad Hughes, CEO and president of Cooper Tire & Rubber Co., says "raw material cost variability, weak trends in retail sell-out of tires to consumers, elevated inventory in the channels and a fluid pricing and promotional landscape" were challenges that affected the company's second-quarter 2017 fiscal year results.

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."

"We’re not taking a shotgun approach (to sports marketing)," says Barna. "It’s a rifle approach."
News

Yokohama COO Focuses on ROI, UHP Tires, ATG and More

Jeff Barna stepped out of his comfort zone in January when he joined the tire industry. Armed with an extensive knowledge of the automotive aftermarket, he accepted the position of chief operating officer at Yokohama Tire Corp. (YTC).

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.

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