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Tyres can’t function without this critical raw material. Whether its natural or synthetic rubber you are interested in, articles bearing this tag feature this indispensable polymer.

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Conti Predicts 25 billion euro Sales; 9% EBIT in FY10

The Continental Corporation is predicting it will achieve sales of more than 25 billion euros and an adjusted pre-tax profit margin (EBIT) of 9 per cent when it publishes full year financial results for 2010. The margin target had previously been 8 – 8.5 per cent. Continental released the projections in parallel with its third quarter results which show that the automotive supplier posted sales of 19.1 billion euros and an adjusted EBIT of 1.79 billion euros after three quarters, exceeding the pre-crisis level of the first three quarters of 2008. At 9.4 per cent, the nine-month adjusted EBIT margin also exceeded the comparable 2008 level.

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Related news:

  1. Analysts: Conti’s 1Q Results Suggest 100% Increase in Numbers
  2. Goodyear Posts Loss on RMs despite Highest Sales in 2 Years
  3. Rhein Chemie buys Wacker’s tyre release agents business
  4. Analysts predict Schaeffler will sell more Conti stock
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Westlake Gains ‘Daily’ Exposure

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Stoke-based Daily Tyres, a new mainland venture from Eamon Daly of Daly Tyres (Limerick), used the recent Brityrex show to publicise the enhanced availibility of the Westlake in the Midlands and North of England. The Westlake brand was featured on Eamon Daly’s rally racing car which was prominently on display in the main entrance to the tyre show.

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Related news:

  1. IIRC 2007 Discusses Raw Material Crunch
  2. Despres helps Michelin to 29th Dakar motorcycle victory
  3. Lorenzo Sets Records on Asymmetric Rear at MotoGP US Round
  4. Yulex, Versalis to produce guayule rubber in Southern Europe
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Sibur Planning to Leave Tyre Business

Sibur is planning to exit the tyre business “eventually,” in a move that would mark the end of the firm’s tyre subsidiary – Sibur-Russian Tyres – in its current form. Speaking to journalists at a recent press conference, Dmitry Konov, chair of the executive board and president of Sibur said he expects a significant degree of consolidation amongst the Russian tyre makers in the coming years. The company’s eventual aim is to dispose of the tyre production assets “at a profit,” he explained.

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Related news:

  1. Consolidation the order of the day in Russia
  2. Tyre firm leaders to speak at World Rubber Summit 2012
  3. Double Coin promotes winter, low profile products at CITExpo
  4. China’s Tyre-makers Facing Tougher Competition – From Majors
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TyreSafe Gets Behind Winter Tyre Cause

“Winter weather tyres offer considerable safety improvements for many months of the year when driving conditions are typically cold or damp,” explains Stuart Jackson, chairman of TyreSafe. It is a theme that has continued throughout the past month, and now the UK’s leading tyre safety organisation has added its own specially commissioned research to the mountain of evidence that suggests the use of correct seasonal tyres could help increase the safety of the country’s drivers in the winter.

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  1. TyreSafe Highlights Caravan Tyre Checks Following UK’s Bright Early June
  2. Tyre Industry Criticises Winter Tyre Insurance Hikes
  3. TyreSafe launches website revamp, October’s Tyre Safety Month
  4. Pirelli highlights winter tyre safety in video demonstration
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Total Profits Slightly Down, but Relatively Good NA Quarter for Cooper

Cooper Tire & Rubber Company has reported a 3.6 per cent reduction in operating profit, making $67.1 million, though there was a 10 per cent rise in total company sales for the third quarter (ending 30 September) of 2010 in year-on-year comparisons. Net income attributable to Cooper Tire reached $45 million, a decrease of $2 million from the same period in 2009. Net sales were $883 million, an increase of $80 million from the prior year. The Company reported net income of 71 cents per share on a diluted basis.

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Related news:

  1. Cooper Tire Shares Fall, But Analysts Say Market Underestimates Firm’s Potential
  2. Cooper Posts Improvements in Q1
  3. Cooper reports record operating profit of US$130 million
  4. Temporary workers operating Cooper Findlay plant
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Yokohama Reports Sales and Earnings Gains in 1H 2010

The Yokohama Rubber Company announced today that its sales in the first half of the present fiscal year (1 April – 30 September, 2010) increased 17.9 per cent over the same period of the previous fiscal year, to 238.3 billion yen. Sales in Yokohama's tyre operations increased 18.5 per cent over the first half of the previous fiscal year, to 184.9 billion yen, reported the manufacturer.

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  1. JK Tyre Announces 2-4% Price Hike
  2. Yokohama led Japanese domestic tyre price increases – analysts
  3. Japanese tyre makers avoid share price carnage
  4. Hankook Multistrada bid falls through
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Lorenzo Wins on Dry Tyres after Two-Day Deluge

The inability to test slick tyres before the race did not prevent heir apparent to the MotoGP crown, Jorge Lorenzo from reasserting his dominance of the 2010 Championship following a run of victories for Casey Stoner, who lost the rear wheel of his Ducati in the final bend of lap five. Lorenzo comfortably beat his teammate Valentino Rossi to claim the Portuguese Grand Prix at Estoril, both riders using the medium front and rear Bridgestone slicks.

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  1. Jerez Circuit’s “Diverse Corner Layout” a Challenge for Bridgestone MotoGP Tyre
  2. MotoGP Heads into First of Back-to-back Concluding Races
  3. Bridgestone in Britain for Silverstone MotoGP race
  4. New MotoGP hard compound “improves warm-up”
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The Rise and Rise of Rubber Prices

Following many financial reports from tyre companies suggesting that sales are up but profits have not necessarily followed suit, it seems that the high price of rubber – cited as a major profit-eating factor – is set to continue its upward momentum in the near future. The Financial Times says heavy rains in south-east Asian rubber growing regions are responsible, having disrupted tapping in the region, thus limiting supply. According to the report, this situation is unlikely to be alleviated until 2012.

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  1. Goodyear introduces UltraGrip 8 winter tyre at Brand Event
  2. Tyres & Accessories to cover wheels, raw materials and diagnostic equipment in April
  3. Status of Yokohama Rubber factories in Japan
  4. Cooper expresses ‘surprise’ at off-take reports
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Synthetic Rubber Demand to Reach 13.4m M/T by 2015: Analysts

A new report by Global Industry Analysts suggests that the synthetic rubber market will climb to 13.4 metric tons by 2015, “particularly” on increased usage in the tyre and automotive industry. The consumption and production of synthetic rubber was significantly affected by the global economic recession, says a statement by GIA announcing its new publication: ‘Synthetic Rubber: A Global Strategic Business Report’.

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Related news:

  1. Weak tyre, automotive demand weighs on Lanxess in Q1
  2. Global Carbon Black Demand to Rise 4.3% a Year till 2013
  3. Customer feedback is vital, says Hercules Tire International
  4. Report: Carbon black manufacturing is moving to China and India
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Rising Costs Force MAI to Raise MAXAM Tyre Prices

MAI Group recently raised its tyre prices by three per cent and Ian Thomas, head of Sales & Marketing at the company, warned that customers should brace themselves for a further price increase in December, of up to 10 per cent, as raw material costs continue to rocket. He said: "Over the last few months, we have absorbed the raw material price rises, but it has now reached the stage where we are reluctantly having to pass on some of the latest increases to customers."

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Related news:

  1. Cheaper Rubber Doesn’t Equal Cheaper Tyres – Indian Manufacturers
  2. Yokohama lifts US market OTR tyre prices
  3. MAXAM appoints North American manager
  4. Govind Rubber expands with India plant, Netherlands subsidiary
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Michelin Tyres' Longevity Persuades Haulier to Make Switch

Agricultural and aggregate specialist Finedon Bulk Haulage has switched to a 100 per cent Michelin policy following a 12-month trial which saw tyre longevity increase by approximately 60 per cent compared with the previous fitment, according to a Michelin statement today. The haulier’s fleet of ten tractors and ten bulk tipper trailers are required to negotiate farm tracks and rough quarry terrain on a daily basis; director Corey Donaldson had previously been sceptical about investing in a Michelin fitment: “Our tyres are subjected to a fair amount of wear and tear, but we pressed ahead with the Michelin trial and were very impressed with the durability and overall performance.”

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Related news:

  1. Yuill & Dodds Wins RMA Green Fleet Award
  2. Sharron Pattison Fleet to use Michelin
  3. Nestlé Develops a Sweet Tooth for Michelin Trailer Tyres
  4. Reduction in Downtime Sees Suckling Re-Sign with Michelin
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India to Rely More on Synthetic Rubber: Lanxess

Tire Review reports that specialty chemicals firm Lanxess predicts an increase in demand for synthetic rubber in India, a country the company said has a long history in the production and consumption of natural rubber. “Driven by the needs of rapid modernisation, India is currently undergoing a shift toward replacing natural with synthetic rubber in a variety of applications,” the company said.

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Related news:

  1. ATMA Director General: 5-6% Rise in India Tyre Consumption
  2. Lanxess expands India production, opens head office
  3. Work on Lanxess Singapore Rubber Facility Gets Underway
  4. Pilot plants at Lanxess butyl rubber site to test new technology
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ATS Euromaster “Provides Wider Safety Net”: McGregor Logistics

Doncaster-based McGregor Logistics, a member of the Pall-Ex network, has appointed ATS Euromaster to supply, fit and service the tyres across its busy fleet of 18 tractor units, 36 curtain side trailers and 6 temperature controlled fridge units. The deal replaces a previous arrangement with a local independent tyre dealer.

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Related news:

  1. Gregory Distribution Fleet Renews ATSE/Michelin £1 million Tyre Deal
  2. Michelin Educates Large Fleet Customer, Lloyds TSB Autolease in Tyre Safety
  3. Michelin Distributor Signs Fleet-wide Tyre Supply Contract
  4. Gregory Distribution signs Michelin drive tyre fleet deal
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Cooper Tire to Pay Out 155th Consecutive Quarterly Dividend

Cooper Tire & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable 30 December, 2010, to stockholders of record at the close of business 2 December, 2010. This will mark the 155th consecutive quarterly dividend paid by the company.

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  1. Cooper Announces 153rd Consecutive Quarterly Dividend
  2. Cooper Pays Out Quarterly Dividend
  3. Cooper issues 159th consecutive quarterly dividend
  4. Goodyear declares quarterly dividend
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API Increases Select Brand Prices

American Pacific Industries increased prices by up to 10 per cent on all Achilles, Advance, Armour, Farmking, Gladiator, Hartland and Pegasus brand tyres, effective immediately, reports Tire Review. API cited “continued raw material escalation, led by the unprecedented increase in natural rubber” as the reasons for the increase.

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Related news:

  1. Chinese Tyre Tariff Leaves Cooper Better Off
  2. Yokohama Reports Sales and Earnings Gains in 1H 2010
  3. Continental AG manager investigated for Corruption
  4. Engineers convicted in Goodyear corporate espionage case
/by

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