30 July 2013 15:34 [Source: ICIS news]
HOUSTON (ICIS)--Goodyear reported Tuesday what every butadiene (BD) and styrene-butadiene-rubber (SBR) buyer and seller has known for the past six months: The replacement tyre business is down sharply and it is not expected to improve significantly in 2013.
Goodyear said sales of replacement tyres, which are most important to the petrochemical industry because they account for about 80% of overall tyre sales, in
In other regions, Goodyear said Q2 replacement-tyre sales in Europe were up by 1% from a year ago, in
Goodyear said its full-year 2013 outlook continues to be that sales will be at 2012 levels.
“We anticipate volume growth in the second half of 2013 compared to last year, with a 3 percent to 5 percent increase in the third quarter driven by continued improvement in emerging markets and slow but steady recovery in mature markets,” Goodyear CEO Richard Kramer said.
Goodyear reported Q2 net income of $181m (€136m), or 67 cents/share, compared with $85m, or 33 cents/share a year ago.
($1 = €0.75)
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