Tire Business - Tire Industry News, Manufacturing News & Analysis
1. Updated: Sumitomo to close U.S. tire plant; eliminate 1,500 jobs. 2. Goodyear's Stewart: No 'fire sale' for Dunlop brand. 3. Tire Business ranks the Top 75 tire makers of 2024. 4. Smaller deals shuffle Top 100 tire retail dealerships. 5.
Global Tire Report - Tire Business
Tire makers commit more than $6.5 billion to capex spending. Of the $6.5 billion tracked, more than 40% — $2.85 billion — is earmarked for projects in North America and 15% for Europe. Global Tire Report.
Data shapes annual Global Tire Report
Sep 28, 2022 · AKRON — The five largest tire manufacturers worldwide, as ranked by Tire Business in the 37th annual Global Tire Report, remained unchanged from the 2021 ranking.. Group Michelin continued to top the charts with an estimated fiscal 2021 global tire-manufacturing revenue of $26.3 billion.
Michelin, Bridgestone, Goodyear top tire makers again - Tire …
Aug 25, 2023 · The first change comes at No. 12, occupied this year by China's Sailun Group Co. Ltd., based on fiscal 2022 revenue of $3.29 billion. Group Michelin retained the No. 1 ranking with tire-related revenue of $28.3 billion, comfortably ahead of No. 2 Bridgestone's estimated tire-centric total of $26.6 billion. Goodyear — with a full year of ...
Discount Tire to acquire Tire Rack - Tire Business
Dec 3, 2021 · Discount Tire/America's Tire is ranked as the second largest independent retailer in the U.S. with 1,113 stores and annual sales of $5.17 billion in 2020, according to Tire Business research.. Mike Joines, who has led Tire Rack for 42 years, will join the combined organization as CEO of Tire Rack along with Matt Edmonds and Mark Veldman of Tire Rack's executive team.
Steve Shannon Tire opens first retread plant
Dec 30, 2021 · BLOOMSBURG, Pa. — Steven Shannon Tire & Auto Centers has ventured into retreading to support its growing truck-tire business and is working exclusively with Pre-Q Galgo Corp. as its tread rubber supplier. The dealership built a 9,000-sq.-ft. facility near its Bloomsburg headquarters to house the retread production.
TireHub launches independent dealer program | Tire Business
Jan 16, 2024 · Tire Business. ATLANTA — TireHub L.L.C., the national wholesale tire distributor co-founded by Bridgestone Americas Inc. and Goodyear, has unveiled its TireHub Plus program designed to support its independent tire dealer customers. TireHub Plus provides tools and services to help boost revenue, enhance profitability, attract new consumers and ...
U.S. AutoForce shakes up wholesale tire industry
Mar 15, 2022 · AKRON, Ohio — There was a seismic shift in the balance of clout among U.S. wholesalers in the past few months, as U.S. AutoForce solidified its position as the No. 2 independent wholesaler in the U.S. with its acquisitions of Treadmaxx Tire Distributors and Max Finkelstein Inc.. Those deals, carried out in October 2021 and January 2022, respectively, …
Tire Business ranks Top 75 global tire makers in 2022
Aug 26, 2022 · The average sales per employee for the 24 publicly traded companies that provided employment data was $216,028, up 12.6% from the 2021 figure. Nokian Tyres P.L.C. had the highest sales per employee at $412,228, ahead of Toyo Tire Corp. at $347,259 and Balkrishna Industries as $336,327. The 37th annual Global Tire Report rankings, based on …
Wholesaler TireHub on 'dynamic trajectory' for future
Jul 21, 2022 · TireHub, a tire distribution joint-venture between Bridgestone Americas Inc. and Goodyear, has plans to increase its footprint and deliveries in both current and new markets, according to TireHub CEO Ted Becker.The tire wholesaler's adaptability has put it on a "dynamic trajectory," and it is poised to grow, Becker told Tire Business for its annual Mid-Year Report.