Tire & rubber industry

Article Abstract:

The market for the tire and rubber industry has been generally favorable in 1997, with the exception of some weakness in pricing, as some tires cost 2% less than in 1996. Raw material prices have stabilized after declining, and shipments remain steady. Some companies have benefited from cost controls and increased efficiency, and acquisitions have provided growth for others. The industry should have modest earnings increases for the year 1997.

Copper Tire and Rubber Co.

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Tire & rubber industry

Article Abstract:

New homebuilding due to lower interest rates, declining raw material prices, and rising tire prices and shipments are lifting the prospects for the tire and rubber industries in the second half of 1998. The market is expanding in both the US and abroad, and some companies will benefit from a favorable tax ruling. These industries are forecast to perform with the market in 1998 and 1999, and investors must be selective in their commitments.

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Tire & rubber industry

Article Abstract:

Demand for tires dropped 3.9% in Jan 1998 after having a good year in 1997, but sales and industry profit margins are forecast to advance for the year. Wider margins and manufacturing efficiencies are needed in the US industry, due to its domestic maturity, and the international market is having an effect, as well. Investors need to select stocks on an individual basis, although the industry is expected to have moderate earnings advances.

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