Tire business news
USTMA revises the forecast for the supply of tires to the US market
The United States Tire Manufacturers Association has revised up its 2020 tire market forecast for the second time in four months, reflecting "the resilience of the industry in the unprecedented Covid-19 pandemic."
Dec 03, 2020
Sailun Group will invest 400 million yuan in Sailun Shenyang Tire Division
Sailun Group announced its intention to increase the capital of its Sailun Tire division by 400 million yuan.
Dec 02, 2020
Kumho Tire managed to increase its quarterly sales and profits
Korea's Kumho Tire announced a successful completion of the third fiscal quarter of the year and profit from increased demand for replacement tires in global markets, including the US and China.
Dec 01, 2020
Nexen Tire reports declining sales and profits for the quarter
Korean tire maker Nexen Tire reported declining sales and revenues in the third quarter of 2020.
Nov 25, 2020
Apollo Tyres will increase its capital expenditures in the coming fiscal year
Indian tire manufacturer Apollo Tyres plans to invest approximately Rs 2,600 crore in its production this and next fiscal year.
Nov 24, 2020
Toyo raises financial outlook for 2020
Toyo Tire reported a double-digit increase in operating profit in the third quarter of 2020, amid a 2.9% decline in sales.
Nov 19, 2020
Conti: "Don't think that global car markets will recover quickly"
German concern Continental AG reports a "slight recovery" in its third quarter 2020 results, but notes that the global downturn in the auto market is not over yet.
Nov 19, 2020
Pirelli raises its annual financial forecast
Pirelli has revised up its financial outlook for 2020 on the back of expected improvement in demand, mainly in the OE segment in Asia Pacific and North America.
Nov 18, 2020
Nokian Tyres has been included in the Dow Jones Global Sustainability Index for the fourth year in a row
Nokian Tyres has been included in the Dow Jones Sustainability Index for the fourth consecutive year.
Nov 18, 2020
Pirelli is once again recognized as the leader in the Dow Jones Global Sustainability Index
Pirelli is once again recognized as the world leader in the automotive components sector in terms of the Dow Jones Sustainability Index.
Nov 18, 2020