Trelleborg
Yokohama Off-Highway Tires America Inc. (YOHTA) is introducing more than 15 new sizes for its Trelleborg TM1000 Progressive Traction tire range.
Yokohama Trelleborg Wheel System said it has increased production capacity at its agriculture tire plant in Spartanburg, S.C., by 20% since it opened in 2015.
Specialty tire manufacturer Global Rubber Industries has hired tire industry veteran Ydo Doornbos to be its director of North America.
Earnings for the quarter fell 2% year-on-year to $118 million on 5% lower sales of $1 billion, Trelleborg said.
Yokohama TWS plans to increase prices on Trelleborg and Mitas tires by up to 5% across all segments globally.
Yokohama Rubber reported double-digit gains in sales and earnings for the quarter ended Sept. 30, with the newly incorporated Trelleborg Wheel System assets accounting for the increases.
Imports of specialty tires — agricultural, construction, earthmoving, industrial, recreational, trailer, motorcycle, etc. — increased last year by double digits over 2021 in nearly all the key categories.
Major players in the global tire industry enjoyed growth in sales and earnings in 2022.
Buoyed to a measurable extent by the first-time inclusion of the former Trelleborg Wheel Systems, Yokohama Rubber Co. reported a 4.6% improvement in half-year operating profit on record sales.
Tire dealers and OTR tire customers can expect little outward changes as Trelleborg Wheel Systems transforms into Yokohama TWS, following completion of its acquisition by Yokohama Rubber Co. Ltd. in May.