Rubber & Tire Industry in Numbers

The rubber and tire industry has seen various developments over the last seven days, with key players worldwide reporting growth and expansions. Selected tire manufacturers’ share-price trends show a mix of increases and decreases, with Bridgestone Corp. rising by 1.9% and Goodyear increasing by 0.6%, while Michelin and Pirelli saw decreases of 1.2% and 1.8%, respectively. Natural rubber futures have gained modestly, with all major exchanges showing marginal increases over the trading week ended 3 July. Recently reported capacity additions and expansions include Wanli Tire’s new tire manufacturing plant in Malaysia, Solvay’s start-up of waste sand-based silica production in China and South Korea, and Pirelli’s major US investment plan. Financial results reported over recent weeks show mixed results, with TSRC Corp. seeing a 32% increase in earnings and NOK Corp. experiencing an 11.5% decrease in earnings. The industry is also seeing investments in new technologies, such as tire pyrolysis plants and circular carbon black production.