Rubber & Tire Industry in Numbers

The rubber and tire industry has seen various developments over the last week, with key players reporting their financial results and share price trends. Selected tire manufacturers’ share-price trends show a mix of increases and decreases, with Hankook experiencing an 8.3% increase and Goodyear seeing a 2.5% decrease. Natural rubber futures prices have also been affected, with the Osaka Exchange being the only major market to post a weekly gain. Companies such as Goodyear, Continental Tires, and Kumho Tire have reported their financial results, with some seeing declines in sales and earnings. Additionally, several projects have been announced, including Zeon Corp’s demo bio-BD facility and Nocil Ltd’s plan to expand rubber chemicals capacity. Other news includes Sinochem’s completion of the €1bn sale of Pirelli stake to a Czech investor and Salzgitter selling Desma to a German-French industrial group.