Hankook & Co., parent company of Hankook Tire America Corp., experienced a 3% year-over-year sales decline during the third quarter. However, Hankook's sales and volume grew year-over-year in North America.
Titan International Inc. achieved net sales of $403.5 million during the first quarter of 2021, an 18.2% year-over-year increase. Titan's first quarter net income totaled $13.6 million, compared to a loss of $25.5 million during the same period last year.
Goodyear Tire & Rubber Co.'s full-year 2020 net sales totaled $12.3 billion, a 16% decline from 2019 levels. The Akron, Ohio-based tiremaker also suffered a net loss of $1.3 billion for the year versus a loss of $311 million during 2019.
Hankook Tire Co. Ltd. says its third quarter 2020 operating profit increased more than 220% from the second quarter of the year thanks to a rebound in replacement tire sales in North America, China and Europe.