Some of the top issues affecting the global tire industry today include: Price changes New mobility models Tariffs Developments in China’s tire industry Sustainability Management of change Our newest Annual report “” takes a deep dive into these critical subjects. Pricing and financial performance Our looks at the volatile history over the last 12 crazy
This is the End-October edition of our monthly China tire industry updates. It is based on content from our weekly China Tire Industry intelligence report. Following last month’s revelations about Triangle’s over-stated revenues, there is continued evidence of the same in the company’s Q3 results where Triangle revenues continue to decline while those of Linglong
This is the End-September edition of our monthly China tire industry updates. It is based on content from our weekly China Tire Industry intelligence report. This month in China’s tire industry we saw the culmination of Triangle’s 3-year project to raise USD 650m in cash through a share issue. We also saw a lesser-known company,
The biggest news in the China tire industry over the last weeks has been the IPO share issue of Linglong. It was a great success, with the Linglong share price rising 44% on the first day of trading and subsequently climbing to three times the issue price of RMB12.98. We have to ask: was the
Today we are announcing the top 25 tire makers in the world. All figures in US$ Company Tire sales 2015 Percentage of corporate Corporate sales 2015 Bridgestone $26,262m 83.50% $31,452m Michelin $23,160m 100% $23,160m Goodyear $16,443m 100% $16,443m Continental Co $11,349m 26.50% $42,826m Pirelli $6893m 100% $6893m Sumitomo $6050m 86.30% $7010m Hankook $5466m 100% $5466m
A perfect storm of negative conditions is driving huge changes in China’s tire industry, causing a meltdown in profitability and output among Chinese tire makers. Desperate Chinese tire makers are driving sharp price falls in almost every tire market and simultaneously forcing down prices of raw materials, notably natural and synthetic rubber. In dollar terms,
Turkey based tire Company Brisa has recently announced its financial results of 2013. Compared to the previous year, the company’s sales revenue for 2013 was £ 1.489 billion (US$ 2.493 billion). Total sales for Brisa were up 12.6%. The increase in sales was primarily because of the rise in sales of light commercial vehicles. Net
Styron has reported a plunge in revenues for the fourth quarter as well as for the full year of 6% and 3% respectively. However the company has delivered US$ 30 million of incremental EBITDA as a result of the SSBR capacity expansion. Free cash flow reached US$ 109 million for the quarter, which included $9
Darren Wells took over from Arthur de Bok as head of Goodyear’s EMEA (Europe, Middle East and Africa) operations toward the end of last year. Since then some big decisions have been taken. The Amiens dispute has been resolved; a racing tire plant in the UK is to close and Goodyear Corporate has announced plans
According to ACEA, in May, the demand for new commercial vehicles in the EU resumed its downward trend. The increase in April is thought to have been a calendar effect. The Spanish vehicle market remains stable (+0.4%), while the UK (-4.0%), Germany (-9.6%), France (-11.2%) and Italy (-16.2%) registered fewer vehicles than in May 2012.
A weekly newsletter of developments in the China tire industry including news reports and David Shaw’s expert commentary and analysis.
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