Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 30, 2013 02:00 AM

Sept. 2 Tire Business NewsPoint

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Hello, I'm Alaina Scott. Welcome to Tire Business NewsPoint, your video source for exclusive tire industry news.

    Tire Business has released it 2013 Global Tire Report, ranking the world's largest tire makers, based on 2012 tire sales. The 10 largest tire makers in the world accounted for about 65 percent of global tire sales in 2012. Global tire sales plateaued after growing more than 20 percent each of the previous two years.

    However, lackluster sales didn't dissuade several major tire makers from expanding production capacity. Collectively, tire makers budgeted more than $8 billion in capital expenditures for new and expanded capacities in their tire plants this past year.

    Here's an overview of the Top 10:

    -- Bridgestone -- No. 1 for the 5th year, outdistanced No. 2 Michelin in terms of tire revenues, despite experiencing minimal sales growth in 2012. Goodyear retains its No. 3 spot.

    -- While Michelin ranks second among tire makers, it topped the list in capital expenditures, committing $1.5 billion toward capacity expansion and improvements at its tire production plants.

    -- No. 4 Continental, which has increased its spending on infrastructure and R&D, recently began trial production at its new car and light truck tire plant in Russia.

    --Sumitomo, which edged past Pirelli for the No. 5 spot, has set a goal of growing more than 8 percent annually for the next 8 years and reaching nearly $15 billion in sales by 2020.

    -- Hankook Tire edged past Yokohama for the No. 7 spot after boosting sales 8 percent, while No. 8 Yokohama's 2012 sales fell slightly.

    -- No. 9 Cheng Shin Rubber/Maxxis International, has become one of the largest tire companies in China. The Taiwanese company recently announced plans to build its 7th plant in China in the next few years.

    -- A Chinese tire maker, Hangzhou Zhongce Rubber, rounded out the top 10.

    You can find out more about the latest Tire Business rankings of the world's largest tire makers in our Sept. 2 print edition of Tire Business or digital edition.

    For Tire Business NewsPoint, I'm Alaina Scott, thanks for joining us. Be sure to see our next exclusive report on Sept. 9.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Michelin worker dies at Nova Scotia tire plant
    2
    OSHA levies 'serious' violations against Conti after worker injuries
    3
    Judge slashes damages in Toyo-Atturo 'trade-dress' lawsuit
    4
    Nearly 7,000 Sumitomo-, Falken-brand TBR tires recalled
    5
    EV owners struggle to find replacements for OE tires
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION