TRELLEBORG, Sweden (Feb. 15) — Trelleborg Wheel Systems, the tire and wheel business of Trelleborg A.B., reported 13-percent growth in earnings last year on 4-percent better sales.
Tivoli, Italy-based Trelleborg Wheel Systems reported operating earnings of $33.6 million on sales of $435 million. Trelleborg attributed the earnings growth to better sales volume, higher selling prices and cost efficency efforts that helped offset higher raw materials costs.
Sales of both agricultural and industrial tires — the business´s two primary product areas — were up during the year, Trelleborg said. The company noted industrial tire sales improved in North America