Top ten international tire companies ranked semi-annual

The small series of carbon black manufacturers introduce you to the semi-annual performance of the top ten international tire companies.

Recently, most of the international large-scale tire companies have publicly disclosed their business conditions in the first half of 2018. China Rubber Network has sorted out the financial reports of the top ten international tire companies (Jiatong tires have not publicly displayed, according to the battalion Sort by).

Business performance change

Bridgestone said that its car tire sales have decreased in the first half of the year, but the sales of construction, mining vehicle tires (ORR) and super-large construction machinery tires have increased significantly year-on-year. The amount is large, and the sales volume has decreased to some extent (PCR-1.5%, TBR-8.5%).

The company also explained the reason for the decline in operating profit. Although the price of natural rubber raw materials was lower than that of the previous year in the first half of the year, other raw materials increased significantly, resulting in an increase in total cost. The cost was effectively controlled in the second quarter. Overall profitability has improved, but overall earnings have declined.

For the decrease in sales revenue, Michelin gave the explanation of the unfavorable exchange rate fluctuation and the increase of raw material cost. It also said that it is expected that there will be a relatively strong growth in the replacement tire market in the second half of this year. For the supporting market, its bulldozers, The mining tire market will maintain stable performance and the market for passenger cars and truck tires may show signs of weakness.

Goodyear President Kramer mentioned that although Goodyear's performance in the second quarter was good, the macro-resistances such as rising raw material costs, weak Chinese market and rising US dollar exchange rate in the first half of the year were intensifying. The decline in profits.

Continental Group CEO Elma Degenhart said, "Our tire business was restored in the second quarter, maintaining its profit position in the global market, but the tire sector's sales revenue in the first half of the year was also affected, the original tire business Sales of alternative businesses have declined slightly."

Sumitomo Rubber said that thanks to the sales growth of its UK distributor, the Micheldever Group, which was acquired in early 2017, Sumitomo’s sales in Europe rose 40%, while revenue in North America fell by 6%. The sharp increase in earnings was attributed to Effective increases in product prices and lower natural rubber procurement costs offset these increases in operating expenses and fixed costs.

Pirelli reported that from January to June, due to the market's lack of demand for ordinary tires and unfavorable foreign exchange effects, Pirelli's sales declined, but through positive factors such as product price adjustment and production efficiency improvement, The earnings outlook is more optimistic.

Hankook Tire said that sales have increased due to limited progress in the original tire business in Europe, China and the United States. However, due to the large cost of the initial operation of the Tennessee plant in the United States and the fierce competition in the Korean market, profits have declined.

Yokohama Rubber wrote in the report that the reduction in sales of overseas replacement tires has led to a low revenue growth rate, while in Japan, the performance of the original tires and winter tires has increased considerably. In addition, the company also expects off-road tires. And the future of agricultural machinery tires will drive sales to continue to grow; for profit, Yokohama Rubber said that the price of raw materials it purchases is relatively low, while the increase in tire prices and favorable exchange rates offset the negative factors such as the decline in tire sales and rising fixed costs. The impact.

Cooper President and CEO Brad Hughes said that the company's raw material costs have risen faster than expected. It is expected that the cost of raw materials will continue to increase in the second half of the year due to the increase in tariffs brought by trade wars, but he said that some of the increased costs. Will be effectively offset by the industry's pricing behavior.