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Trelleborg expands Texas offshore engineering team
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HOUSTON—Trelleborg's offshore operation, based in Houston, has set up a global riser analysis team to incorporate in-house mathematical simulation capabilities into its current engineering...
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Mexico prepares its defense of NAFTA
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MEXICO CITY—Mexican auto industry officials are lining up their arguments to defend the North American Free Trade Agreement against President-elect Donald Trump's campaign promise to...
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Yokohama completes plant expansion in Philippines
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  CLARK FREEPORT ZONE, Philippines—Yokohama Tire Philippines Inc. has commissioned an expansion of capacity at its car and light truck tire factory in Clark Freeport Zone, which...
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CLARK FREEPORT ZONE, Philippines—Yokohama has commissioned an expansion of capacity at its car and light truck tire factory in Clark Freeport Zone, which exports the majority of its output to North America, Europe and other ASEAN countries. CLARK FREEPORT ZONE, Philippines—Yokohama has commissioned an expansion of capacity at its car and light truck tire factory in Clark Freeport Zone, which exports the majority of its output to North America, Europe and other ASEAN countries. $CLARK FREEPORT ZONE, Philippines—Yokohama has commissioned an expansion of capacity at its car and light truck tire factory in Clark Freeport Zone, which exports the majority of its output to North America, Europe and other ASEAN countries.
Fry: Market remains stagnant
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INDIANAPOLIS—Robert Fry isn't as pessimistic as most when it comes to the economy, but that doesn't mean he is optimistic. Manufacturing production has been flat for the last few years, and...
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ARDL purchases land, property for expansion
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AKRON—For the first time in more than a decade and a half, Akron Rubber Development Laboratory Inc. is expanding. The family run business recently completed the acquisition of an 11-acre...
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AKRON—For the first time in more than a decade and a half, Akron Rubber Development Laboratory is expanding. AKRON—For the first time in more than a decade and a half, Akron Rubber Development Laboratory is expanding. $AKRON—For the first time in more than a decade and a half, Akron Rubber Development Laboratory is expanding.
New president excited to lead ASC
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INDIANAPOLIS—It has been a time of transition for the Adhesive and Sealant Council. William Allmond was named the association's new president in August, taking over for Matthew Croson, who...
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Firms use Career Fair to search for top talent
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PITTSBURGH—What is the current hiring situation in the rubber industry? It depends very much on which part of the industry and what kind of job, according to rubber industry executives...
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Barwell gear pump takes center stage
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PITTSBURGH—Barwell Global Ltd. and its U.S. subsidiary, Barwell Machinery USA Inc., exhibited the company's continuous performing gear pump and other high-precision rubber processing...
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PITTSBURGH—Barwell Global and its U.S. subsidiary, Barwell Machinery USA, exhibited the company's continuous performing gear pump and other high-precision rubber processing equipment at the International Elastomer Conference. PITTSBURGH—Barwell Global and its U.S. subsidiary, Barwell Machinery USA, exhibited the company's continuous performing gear pump and other high-precision rubber processing equipment at the International Elastomer Conference. $PITTSBURGH—Barwell Global and its U.S. subsidiary, Barwell Machinery USA, exhibited the company's continuous performing gear pump and other high-precision rubber processing equipment at the International Elastomer Conference.
Bridgestone drives forward; Tire maker's plan includes recharging Firestone
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LOS ANGELES—Bridgestone Americas Tire Operations L.L.C. is recharging its Firestone brand for 2017 with four new tires, in addition to a new Bridgestone product and additional sizes for its...
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LOS ANGELES—Bridgestone Americas Tire Operations is recharging its Firestone brand for 2017 with four new tires, in addition to a new Bridgestone product and additional sizes for its Fuzion line. LOS ANGELES—Bridgestone Americas Tire Operations is recharging its Firestone brand for 2017 with four new tires, in addition to a new Bridgestone product and additional sizes for its Fuzion line. $LOS ANGELES—Bridgestone Americas Tire Operations is recharging its Firestone brand for 2017 with four new tires, in addition to a new Bridgestone product and additional sizes for its Fuzion line.
Trelleborg suspension springs bolster Turkish tram project
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TRELLEBORG, Sweden—Trelleborg’s industrial anti-vibration solutions operation expects to complete its delivery of suspension systems to a tram project in Turkey’s Kayseri within...
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TRELLEBORG, Sweden—Trelleborg's industrial anti-vibration solutions operation expects to complete its delivery of suspension systems to a tram project in Turkey's Kayseri within the first quarter of 2017. TRELLEBORG, Sweden—Trelleborg's industrial anti-vibration solutions operation expects to complete its delivery of suspension systems to a tram project in Turkey's Kayseri within the first quarter of 2017. $TRELLEBORG, Sweden—Trelleborg's industrial anti-vibration solutions operation expects to complete its delivery of suspension systems to a tram project in Turkey's Kayseri within the first quarter of 2017.
Digital Edition
Digital Edition
Published on September 9, 2002

Bridgestone looks ahead

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Date Published September 9, 2002
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Bridgestone Corp. has the most bullish outlook for the rest of 2002 and for 2003 among the world's largest tire makers.

The Japanese company expects operating income this year to rise 81 percent to $1.1 billion and sales to increase 4 percent to $18.3 billion. In the first half, Bridgestone's operating profits climbed 78 percent while sales improved 6 percent.

Groupe Michelin, which reported better-than-expected first-half results, told shareholders it expects its operating profits to rise slightly for the full year. The French-owned company warned that an improvement depends on continued stability in raw materials prices and exchange rate parity.

For the first six months, Michelin's operating income grew 16 percent, sales advanced 1.4 percent, and net earnings, excluding a one-time capital gain in the 2001 period, nearly quadrupled to $228 million.

Michelin's unit sales grew 2.2 percent for the first half, but the revenue gain was held back by negative currency fluctuations.

Goodyear, which reported an operating loss of $34.3 million for the first half, made no specific predictions for fiscal 2002, citing the continuing economic volatility and its effects on the replacement market in both the U.S. and Europe. The company's first-half sales slipped 3 percent as unit volume fell 1.7 percent.

Sumitomo Rubber Industries Ltd. returned to the black in the first half, but cautioned that continued economic uncertainty, a stronger yen and rising rubber prices make continued improvements in the second half difficult.

Pirelli Group is targeting 4.5-percent annual growth by its tire sector the next several years, according to a three-year business plan disclosed earlier this year. It will put more emphasis on the high-performance end of the market, which will include run-flat tires of Pirelli's own design as well as Pax-type tires produced in partnership with Michelin. In particular, Pirelli expects to be able to leverage advances in technology-like the Modular Integrated Robotized System of tire manufacturing-into higher sales.