TOKYO (Dec. 6)—Yokohama Rubber Co. Ltd.'s North American operations posted an operating profit of $7.5 million during the six-month period ended Sept. 30, reflecting the company's efforts to reverse several years of losses. The turnaround in North America helped Yokohama back into the black on a global basis as well, as the firm posted net income of $15.7 million for the period on sales of $1.48 billion. Sales in North America were up 3.9 percent to $281 million, but slow sales in Japan—particularly in the truck and bus tire aftermarket—left the 2002 corporate sales 1.3 percent behind the year-earlier period. Tire Group sales were essentially unchanged at $1.04 billion, while sales by the Multiple Business group slid 4.5 percent.
Yokohama back in the black for half year
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].