8 Aug 2025
.jpg)
Review of the key figures and data to emerge over the last seven days from leading players worldwide
PROJECTS
Reported in the last two weeks
|
Reported |
Company |
Project |
Location |
Capex |
Details |
|
30 July |
Jiyuan Hongxin Rubber CMT |
Wet-mixed 'nano-rubber composite' line |
Wulongkou Jiyuan, China |
€6m |
10ktpa unit plus line for silica and other nanofillers |
|
28 July |
Quencheng Silicon Chemical |
100ktpa rice-husk silica |
Jiangsu Binhai, China |
Yuan900m |
Includes Yuan200m, 32ktpa thickening agent unit |
Guizhou Tyre said a major OTR radial tire project is running nine months behind schedule, due to “large variations in product specifications.” The Yuan1.59bn project project to add an annual capacity of 380k OTR units is now expected to be completed 31 March 2026.
M&A, RESTRUCTURING
Cabot Corp. is to acquire Bridgestone Corp.’s reinforcing carbon black facility in Mexico for $70m. It is located near Cabot’s current reinforcing carbons facility in Altamira. On opening in 2008, the Mexican plant was forecast to reach 35ktpa capacity. Bridgestone is also selling its 40ktpa Thai carbon black operation to Tokai Carbon.
MARKETS & BUSINESS
Amaplast issued a statement expressing its “deep concern” over the trade agreement recently signed between US president Donald Trump and the president of the European Commission Ursula von der Leyen. The compromise, which introduces a flat 15% tariff on a wide range of European products, “constitutes a serious obstacle for the Italian and European manufacturing industry,” said the Milan-based association.
The UK has kept antidumping duties on Chinese truck and bus tires in place until October?2028 but has changed the timing and the rates which were recommended by the Trade Remedies Authority. The duty for Chongqing Hankook Tire Co. Ltd and Jiangsu Hankook Tire Co. Ltd – collectively the Hankook Group – was set at £6.55 per tire from 1 Jan 2021 until 22 Oct 2028. All others face a “residual rate” of £45.71 per tire until 22 Oct 2028.
Financial results reported this week
|
Company |
Period |
Sales |
YoY change |
Earnings |
YoY change |
|
Goodyear |
Q2/25 |
$4,465m |
-2.3% |
$159m* |
-52.4% |
|
Goodyear |
H1/25 |
$8,718m |
-4.3% |
$354m* |
-38.3% |
|
SRI |
H1/25 |
Yen572.2bn |
-2.5% |
Yen28.3bn**** |
-33.1% |
|
NOK Corp. |
fQ1/26 |
Yen171.9bn |
-8.7% |
Yen7.0bn* |
+23.9% |
|
Cabot reinforcing materials |
fQ3/25 |
(Volumes) |
-8% |
$128m** |
-6% |
|
Continental Tires |
Q2/25 |
€3.3bn |
-2.0% |
(EBIT margin: 12.0%) |
-2.7pp |
|
ContiTech |
Q2/25 |
€1.6bn |
-5.2% |
(EBIT margin: 5.8%) |
-1.3pp |
|
Toyoda Gosei |
fQ1/26 |
Yen260.4bn |
-1.5% |
Yen18.3bn* |
+6.7% |
|
Pirelli |
H1/25 |
€3.5bn |
+1.5% |
€793m*** |
+3.2% |
|
Cooper-Standard |
H1/25 |
$122m |
-1.0% |
$4.5m***** |
Vs -$42m |
|
Shin-Etsu Functional Mats. Incl silicones |
fQ1/26 |
Yen110bn |
+3% |
Yen24bn* |
-10% |
|
Kumho Tire |
Q2/25 |
KRW1,221bn |
+8% |
KRW175.2* |
+15.6% |
|
Zeon Elastomers |
Q2/25 |
Yen58.1bn |
-4% |
Yen4.2bn* |
+12% |
*(Segment) operating income; **EBIT; *** EBITDA, ****Business profit; *****Net income
SHARE PRICES
Leading tire manufacturers’ share-price trends
|
Company |
31 Jul-1 Aug |
7-8 Aug |
Change |
|
Bridgestone |
Yen6,131 |
Yen6,256 |
+2.0% |
|
Goodyear |
$10.11 |
$10.12 |
+0.1% |
|
Hankook |
KRW44,450 |
KRW44,700 |
+0.6% |
|
Michelin |
€31.36 |
€31.13 |
-0.7% |
|
Nokian Tyres |
€7.85 |
€7.76 |
-1.1% |
|
Pirelli |
€5.91 |
€5.78 |
-2.2% |
|
Sumitomo (SRI) |
Yen1,734 |
Yen1,684 |
-2.9% |
|
ZC Rubber |
CNY44.90 |
CNY45.31 |
+0.9% |
Leading rubber product manufacturers’ share-price trends
|
Company |
31 Jul - 1 Aug |
7-8 Aug |
Change |
|
Avon Technologies |
£21.31 |
£21.45 |
+0.7% |
|
Cooper-Standard |
$24.58 |
$24.68 |
+0.4% |
|
Datwyler |
CHF144.40 |
CHF140.40 |
-2.8% |
|
Hexpol |
SEK85.20 |
SEK83.40 |
-2.1% |
|
Semperit |
€13.16 |
€13.08 |
-0.6% |
|
Trelleborg |
SEK357.50 |
SEK351.40 |
-1.7% |
MATERIALS
Natural rubber
JPX: Selected rubber futures price trends on major trading exchanges
|
Exchange |
Commodity |
Delivery |
Week to 25/7/25 |
Week to 1/8/25 |
% Change |
|
Osaka |
RSS3 |
Jan‘26 |
331.5 (JPY) |
314.8 (JPY) |
-5.0% |
|
SHFE |
SCR/RSS |
Jan‘26 |
16,270 (CNY) |
15,280 (CNY) |
-6.1% |
|
INE |
TSR |
Jan‘26 |
13,280 (CNY) |
12,385 (CNY) |
-6.7% |
|
SICOM |
TSR20 |
Jan‘26 |
181.4 (US$c) |
167.1 (US$c) |
-7.9% |
|
SHFE |
BR |
Oct‘25 |
12,350 (CNY) |
11,455 (CNY) |
-7.2% |
(ERJ calculation for selected futures)
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
