20 Feb 2026
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Review of the key figures and data to emerge over the last seven days from leading players worldwide
SHARE PRICES
Selected tire manufacturers’ share-price trends
|
Company |
12-13 Feb |
19-20 Feb |
Change |
|
Bridgestone Corp. |
Yen3,754 |
Yen3,703 |
-1.4% |
|
Goodyear |
US$9.78 |
US$8.89 |
-9.1% |
|
Hankook |
KRW73,500 |
KRW74,300 |
+1.1% |
|
Michelin |
€33.99 |
€33.15 |
-2.5% |
|
Nokian Tyres |
€11.38 |
€10.90 |
-4.2% |
|
Pirelli |
€6.52 |
€6.31 |
-3.2% |
|
Sumitomo Rubber (SRI) |
Yen2,615 |
Yen2,792 |
+6.8% |
|
Yokohama Rubber (YRC) |
Yen6,877 |
Yen7,660 |
+11.4% |
|
ZC Rubber |
CNY54.82 |
CNY54.01 |
-1.5% |
Selected rubber product manufacturers’ share-price trends
|
Company |
12-13 Feb |
19-20 Feb |
Change |
|
Avon Technologies |
£16.78 |
£17.70 |
+5.5% |
|
Cooper-Standard |
$35.39 |
$38.96 |
+10.1% |
|
Datwyler |
CHF165.40 |
CHF169.80 |
+2.7% |
|
Hexpol |
SEK76.80 |
SEK76.00 |
-1.0% |
|
Sanok Rubber |
PLN23.10 |
PLN22.90 |
-0.9% |
|
Semperit |
€13.36 |
€13.02 |
-2.5% |
|
Trelleborg |
SEK396.60 |
SEK392.20 |
-1.1% |
MATERIALS
Natural rubber
Global rubber futures ended the second trading week of February mixed, according to a 16 Feb market update by Japan Exchange Group (JPX). OSE pricing was pressured by “a sharp appreciation of the Japanese yen” following prime minister Sanae Takaichi’s election victory, while trading in China was supported by “short covering and position adjustments ahead of the Lunar new year holidays.” In Singapore, SICOM moved higher in moderate trading, supported by “fresh buying interest.” Market sentiment was also “underpinned by expectations of an early wintering season in the northern hemisphere,” which could tighten raw material supply and support prices.
Selected rubber futures price trends on major trading exchanges
|
Exchange |
Commodity |
Delivery |
Week to 6/02/26 |
Week to 13/02/26 |
% Change |
|
Osaka |
RSS3 |
May‘26 |
341.1 (JPY) |
342.0 (JPY) |
+0.3% |
|
SHFE |
SCR/RSS |
May‘26 |
16,110 (CNY) |
16,390 (CNY) |
+1.7% |
|
INE |
TSR |
May‘26 |
13,125 (CNY) |
13,295 (CNY) |
+1.3% |
|
SICOM |
TSR20 |
May‘26 |
187.5 (US$c) |
192.2 (US$c) |
+2.5% |
|
SHFE |
BR |
Mar‘26 |
12,825 (CNY) |
12,675 (CNY) |
-1.2% |
(ERJ calculation for selected futures pricing, as tracked by JPX)
Financial results reported over recent weeks
|
Company |
Period |
Sales |
YoY change |
Earnings |
YoY change |
|
Sumitomo Rubber (SRI) Tire business |
FY/25 |
Yen1,043bn |
-0.3% |
Yen80bn4 |
+5% |
|
Orion SA Rubber Carbon Black |
Q4/25 |
$272.0m |
-5.2% |
$5.3m( |
-55.8% |
|
Orion SA Rubber Carbon Black |
FY/25 |
$1,118.2m |
-3.5% |
$33.4m( |
-69.8% |
|
Bridgestone Tires only (adjusted)) |
FY/25 |
Yen2,500.6bn |
-0.2% |
Yen478.5bn( |
-0.1% |
|
Toyo Tires Tires division |
FY/25 |
Yen519bn |
+5.4% |
Yen95.5bn( |
+3.7% |
|
Datwyler (adjusted) |
FY/25 |
CHF1,100.5m |
-0.6% |
CHF136.6m2 |
+15.7% |
|
Cooper-Standard |
Q4/25 |
$672m |
+1.8% |
$35m3 |
-35% |
|
Cooper-Standard (adjusted) |
FY/25 |
$2.75bn |
+16% |
$209m3 |
+16% |
|
Group Michelin |
FY/25 |
€25,992m |
-4.4% |
€2,719m1 |
-19.5% |
|
Hankook Tyres |
Q4/25 |
KRW2.7trn |
+8.8% |
KRW485bn1 |
+2.5% |
|
Hankook Tyres |
FY/25 |
KRW10.3trn |
+9.6% |
KRW1.7trn |
-4.5% |
|
Apollo Tyres |
fQ3/26 |
INR77.4bn |
+12% |
INR11.9bn1 |
+25% |
|
Apollo Tyres |
fQ1-3/26 |
INR211bn |
+7% |
INR30bn1 |
+12% |
|
Denka Elastomer & Infrastructure (E&I) |
fQ3/26 |
Yen23bn |
-18% |
Yen1.1bn profit1 |
vs Yen2.6bn loss |
|
Denka (E&I) |
fQ1-3/26 |
Yen72.8bn |
-14% |
Yen2.3bn loss1 |
vs Yen5.7bn |
|
Nokian Tyres |
Q4/25 |
€416m |
-0.8% |
€51m1 |
42% |
|
Nokian Tyres |
FY/25 |
€1.37bn |
+6.5% |
€91.3m |
+28% |
|
Goodyear |
Q4/25 |
$4.9 bn |
~0% |
$416m1 |
+9% |
|
Goodyear |
FY/25 |
$18.3bn (€15.3bn) |
-3% |
$1.1 bn1 |
-15% |
|
Cabot Reinforcement materials |
fQ1/’26 (to 31 Dec ‘25) |
$520m |
-14.9% |
$121m6 |
-18% |
1(Segment) operating income; 2EBIT; 3EBITDA, 4Business profit; 5Net income; 6EBITA
PROJECTS
Recently reported capacity additions & expansions
|
Reported |
Company |
Project |
Location |
Capex |
Details |
|
19 Feb |
Elastomer Solutions |
Opened new automotive parts plant |
Zacatecas, Mexico |
n/s |
Majority-owned by Mutares, ES makes rubber, plastics, 2K parts |
|
19 Feb |
Kumho Tire |
e-beam tire cord treater |
Nanjing, China |
€800k |
Part of Yuan6.5m project |
|
18 Feb |
Zeon Corp. |
Bio-based isoprene, SAF plant |
n/s |
n/s |
Signed agreement |
|
16 Feb |
Apollo Tyres |
Expand TBR, PCR capacity over 3 yrs |
Andhra Pradesh, India |
INR58bn (€540m) |
Add 18% for PCR, 20%+ TBR in India |
|
16 Feb |
Nexen Tire |
Tire testing centre |
Ivalo, Finland |
n/s |
Officially opened |
|
12 Feb |
Evonik |
Raise OH-terminated polybutadiene capacity |
Marl, Germany and Shanghai, China |
n/s |
Expansion Marl, new Asia facility |
|
12 Feb |
V-KETI (Vietnam-Cambodia) |
Rubber processing plant |
Kratie, Cambodia |
n/s |
Process up to 15ktpa local NR |
|
12 Feb |
Covestro |
Expand TDI capacity 20% |
Shanghai, China |
n/s |
Debottleneck to reach 370ktpa |
|
11 Feb |
Birla Carbon |
Sustainable carbon black line |
Trecate, Italy |
n/s |
Line start-up |
|
6 Feb |
Zhejiang Henghe Industrial |
Elastomer materials and additives |
Nanjing, China |
Yuan1bn+ (€122m+) |
Leverage tire resin technologies
|
BUSINESS
Elkem ASA is to sell the majority of its Silicones division to Bluestar in a cash-free deal involving redemption of the Chinese group’s 52.9% stake in the Oslo group. With the transaction, which is expected to close by May 2026, Elkem will become a “focused, pure play metals and materials company.” Under the deal, which follows a previously announced strategic review of the Silicones division, Bluestar will no longer any shares in the group.
Michelin reported sales of €1.25bn and segment operating margin of 15% for its ‘Polymer Composite Solutions’ division, set to become as a new reporting segment from Q1/26. The unit produces belts, seals, coated fabrics and technical films for sectors including mining, aerospace & defence, medical, industrial, construction, energy and automotive. Michelin 12 Feb.
Nokian Tyres has set a target of €1.8–2.0bn in net sales by 2029, up from €1.37bn reported in 2025 and a segments earnings (EBITDA) margin of “above 24%,” versus 16.2% last year.
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