After a rocky 2020 where the coronavirus pandemic caused most businesses to screech to a halt at times, the revenue lines largely turned back in the right direction for much of the tire and rubber sector.
That was evidenced by that fact that all but three firms in this year's Rubber News ranking of the Top 50 Rubber Product Makers in North America posted higher sales in 2021 than they did the year before—many of those by large percentages as the industry looked to get business back to 2019 levels.
And two of the firms with lower sales in 2021 were Cooper Tire & Rubber Co., which was acquired by Goodyear in a deal that closed in early June of last year, and Eaton P.L.C., which closed on the sale of its hydraulics business to Denmark's Danfoss A.S. two months later.
Even with those deals, Cooper still ranked No. 16 on the year among the continent's producers of rubber goods, totaling an estimated $935 million in North America for the first five months of 2021. Likewise, Eaton came in at No. 28 for the year with an estimated $500 million in North American rubber goods' revenues, coming from seven months of revenue from the hose operations that were part of the hydraulics unit, along with sales from its top ranking Golf Pride rubber golf grip business.