Tire industry prepares responses to outbreak

Four weeks since the tire shut-downs first started, we are seeing some tire companies prepare their responses. The common response has been to address their cash position through loan restructuring, cost-down and other financial measures. Cash flow will be vital in the coming months, as fixed costs will drain cash reserves until sales can recover

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Tire factories start return to work

This is the kind of analysis our subscribers see each month in our Global tire intelligence report. We are bringing this to you as a free service during the pandemic. I have not seen any other source of information worldwide that brings you comprehensive, timely information on the worldwide status of tire factories. To see

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90% of tire capacity closed in Western hemisphere

In the last week, we have seen Nokian brought its factory near St Petersburg back on stream. but extended the furlough of its US factoryBridgestone Americas will restart its North American commercial tire plants on April 13.Michelin said it opened its plant in Cuneo, Italy to make tires for ambulances, trucks, vans and police vehiclesMichelin

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Tire factory lock-downs escalate

Just under a week ago, we published our deep-dive analysis of the state of the global tire industry under CoronaVirus. This week we have to report that things are less opaque, but the increased clarity has done nothing to improve our pessimistic view. Update: Turkey on lock-down. All tire plants closed until 13 April Update2:

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Global tire industry in April 2020

We just published the April 2020 edition of our global tire industry newsletter, and distributed it to subscribers (31 March). Each corporate subscriber has the right to distribute to unlimited direct employees worldwide, so if you are interested, feel free to contact us. If your employer receives it already, we can send out a free copy.

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India, South Africa on lock-down

After Europe and the Americas, India and South Africa are the latest regions to face mass closures of tire factories. All tire factories in the two countries are closed. South Africa in lock-down for three weeks South African President Cyril Ramaphosa has imposed a lock-down for three weeks from March 26. His statement said, “All

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Tire plants close across Europe, Americas

It happened sooner than we expected, but it happened just as we predicted a week ago. Tire factories across the developed world are closing, albeit temporarily, as OE demand for tires plunges. The announcements came like a firestorm in the second half of last week (18-21 March) Michelin closed its tire plants in EuropeGoodyear closed

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World tire industry and CoronaVirus

Disclaimer; I’ve not spoken to tire makers about this. That is mostly because the situation is changing so fast and so much, that I don’t think anyone has a good handle on how this is going to develop in the West. I’m putting this out as a realistic worst-case scenario on what might happen, based

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Sustainability in the tire industry

This article was first published in the November 2019 issue of our Global Tire Intelligence Report, published at the beginning of November last year. Four or five years ago, I wrote a 200-page report on the various aspects of sustainability as they apply to the tire industry. While I am not going to update the

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Global tire industry in March

We published the March 2020 edition of our global tire industry newsletter, and distributed it to subscribers over the weekend (29 February). Each corporate subscriber has the right to distribute to unlimited direct employees worldwide, so if you are interested, feel free to contact us. If your employer receives it already, we can send out a

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