Financial
The maker of rubber compounds and finished rubber goods pointed to efficiency and increased sales to explain the quarterly results.
Goodyear is taking on a total of $1.45 billion in debt through senior notes to help fund the transaction to acquire Cooper Tire & Rubber Co.
Sumitomo Rubber Industries reported a fivefold increase in operating profit for the first quarter.
Money raised by the debt offering will help pay for the purchase of Cooper Tire & Rubber Co.
Trinseo is on track with the evaluation of its synthetic rubber (SR) business by mid-year.
Orion's rubber carbon black business was hit by high costs and the February deep freeze in the United States.
The resurgence of COVID-19, particularly in India, and the Thai government's reported move to sell natural rubber through local tenders impacted markets in April,
Titan International reported a strong recovery in the quarter ended March 31.
Hillenbrand reported strong results for its second quarter driven by growth in two of its three operating segments.
After reporting a "robust performance" in the quarter ended March 31, Michelin is forecasting solid growth throughout fiscal 2021, even in the face of a "highly uncertain environment" as the global health crisis continues to unfold.