Hankook & Co. posted a 10.8% increase in year-over-year sales during the first quarter of 2022 thanks to "effective pricing and distribution strategies in major regions," according to company officials.
Bridgestone Corp. achieved a 22.5% year-over-year sales increase and a 5.1% year-over-year operating profit gain during the first three months of 2022.
Toyo Tire Corp. posted a 16% year-over-year sales increase during the first quarter of the year. The company also achieved a 27.3% year-over-year operating income gain during 1Q 2022.
Michelin Group achieved 6.5 billion euros in sales during the first quarter, a 19% year-over-year increase. "Business benefited from a very favorable price-mix effect," according to Michelin officials.
The Michelin Group achieved a 16.3% year-over-year increase in sales during 2021, driven by an 11.8% rebound in tire volume and other factors. Michelin's operating income also grew significantly last year.
Goodyear Tire & Rubber Co. says its 2021 sales totaled $17.5 billion, a 42% increase from 2020, "primarily due to the Cooper Tire merger," higher volume and other factors.