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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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INDIANAPOLIS—It has been a time of transition for the Adhesive and Sealant Council as William Allmond took over as the association's new president in August. INDIANAPOLIS—It has been a time of transition for the Adhesive and Sealant Council as William Allmond took over as the association's new president in August. $INDIANAPOLIS—It has been a time of transition for the Adhesive and Sealant Council as William Allmond took over as the association's new president in August.
Bridgestone drives forward; Tire maker's plan include 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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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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Hexpol adds new compounds to bio-based TPEs
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LONDON—Thermoplastic elastomer compounding group, Hexpol TPE, has added new compounds to its Dryflex Green family of bio-based TPEs, creating more opportunities for sustainability. Dryflex...
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Apollo to invest $89.4 million in India facilities
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NEW DELHI, India—Apollo Tyres Ltd. is expanding in India with two moves totaling a combined $89.4 million. The firm has signed a memorandum of understanding with the Government of Andhra...
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NEW DELHI, India—Apollo Tyres is expanding in India with two moves totaling a combined $89.4 million. NEW DELHI, India—Apollo Tyres is expanding in India with two moves totaling a combined $89.4 million. $NEW DELHI, India—Apollo Tyres is expanding in India with two moves totaling a combined $89.4 million.
Supply side economics: Firms launch initiatives Chemours strengthens Viton brand program
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PITTSBURGH—Chemours Co. has revamped a licensee program designed to strengthen its Viton brand in the marketplace and get its rubber product maker customers to make the material their...
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PITTSBURGH—Chemours has revamped a licensee program designed to strengthen its Viton brand in the marketplace and get its rubber product maker customers to make the material their primary fluoroelastomer. PITTSBURGH—Chemours has revamped a licensee program designed to strengthen its Viton brand in the marketplace and get its rubber product maker customers to make the material their primary fluoroelastomer. $PITTSBURGH—Chemours has revamped a licensee program designed to strengthen its Viton brand in the marketplace and get its rubber product maker customers to make the material their primary fluoroelastomer.
Q Holding to acquire Degania
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TWINSBURG, Ohio—Q Holding Co. has entered into agreement to purchase Degania Silicone Ltd., a manufacturer of medical catheters. The acquisition would more than double Q Holding’s...
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TWINSBURG, Ohio—Q Holding has entered into agreement to purchase Degania Silicone, a manufacturer of medical catheters, more than doubling Q Holding's employment. TWINSBURG, Ohio—Q Holding has entered into agreement to purchase Degania Silicone, a manufacturer of medical catheters, more than doubling Q Holding's employment. $TWINSBURG, Ohio—Q Holding has entered into agreement to purchase Degania Silicone, a manufacturer of medical catheters, more than doubling Q Holding's employment.
Time magazine lauds Goodyear's spherical tire
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AKRON—Goodyear’s Eagle-360, a spherical, 3-D printed, concept tire that the company unveiled during the Geneva International Motor Show March 1, has been named one of Time...
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AKRON—Goodyear's Eagle-360, a spherical, 3-D printed, concept tire that the company unveiled during the Geneva International Motor Show March 1, has been named one of Time magazine's “Best Inventions of the Year 2016." AKRON—Goodyear's Eagle-360, a spherical, 3-D printed, concept tire that the company unveiled during the Geneva International Motor Show March 1, has been named one of Time magazine's “Best Inventions of the Year 2016." $AKRON—Goodyear's Eagle-360, a spherical, 3-D printed, concept tire that the company unveiled during the Geneva International Motor Show March 1, has been named one of Time magazine's “Best Inventions of the Year 2016."
Preferred adds second Mexican facility
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BARBERTON, Ohio—Preferred Compounding Corp. is continuing to expand its growing operation, this time with a new facility adjacent to its existing plant in San Luis Potosi, Mexico. Its wholly ...
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BARBERTON, Ohio—Preferred Compounding is continuing to expand its growing operation, this time with a new facility adjacent to its existing plant in San Luis Potosi, Mexico. BARBERTON, Ohio—Preferred Compounding is continuing to expand its growing operation, this time with a new facility adjacent to its existing plant in San Luis Potosi, Mexico. $BARBERTON, Ohio—Preferred Compounding is continuing to expand its growing operation, this time with a new facility adjacent to its existing plant in San Luis Potosi, Mexico.
Organizations eye recycling market growth
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NIAGARA FALLS, Ontario—The worldwide regulatory climate for scrap tire recycling is challenging, but national organizations are striving to meet all regulations and create robust recycled...
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NIAGARA FALLS, Ontario—The worldwide regulatory climate for scrap tire recycling is challenging, but national organizations are striving to meet all regulations and create robust recycled rubber markets. NIAGARA FALLS, Ontario—The worldwide regulatory climate for scrap tire recycling is challenging, but national organizations are striving to meet all regulations and create robust recycled rubber markets. $NIAGARA FALLS, Ontario—The worldwide regulatory climate for scrap tire recycling is challenging, but national organizations are striving to meet all regulations and create robust recycled rubber markets.
Digital Edition
Digital Edition
Published on September 3, 2007

RMA expects drop in 2007 tire shipments

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Date Published September 3, 2007
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The Rubber Manufacturers Association further downgraded its forecast for tire shipments this year-calling for a decrease in overall shipments instead of minor increases-reflecting changes in U.S. economic growth in the consumer and commercial sectors.

The RMA said shipments will fall by about 1 million units to about 306 million total shipments for the full year. Replacement tire markets should increase about 2 percent while original equipment markets should fall about 8 percent.

In March, the RMA had expected a slight improvement of about 0.3 percent in overall shipments, including a 1.4-percent gain for replacement tires and a 3.8-percent decline in OE. In January, the RMA had called for an increase in overall shipments of about 4 million units.

In its latest forecast, the RMA detailed the following for certain segments:

* Original equipment passenger tires: a decrease of about 4.5 percent to 46 million units from 48.2 million units in 2006 on decreases in domestic light vehicle sales and production;

* Original equipment light truck tires: a decrease of about 12 percent to less than 4.5 million units as more light truck vehicles are outfitted with P-metric passenger tires;

* Original equipment medium/wide-base/heavy commercial truck tires: a 29-percent drop to about 4.8 million units as the market experiences a sharper drop than expected because of changes in Environmental Protection Agency regulations;

* Replacement passenger tires: an increase of about 2 percent to about 200 million units, or 4 million units ahead of 2006, on gains in P-metric markets for light trucks and high- and ultra-high-performance tires;

* Replacement light truck tires: a rise of about 500,000 units to 34 million as more commercial vehicles use light truck tires; and

* Replacement medium/wide-base/ heavy commercial tires: a decline of 500,000 units to 16.4 million on a weaker economic forecast for the rest of the year.