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Japan -- According to an article in thenewsmarket.com, "Japanese tire manufacturer Bridgestone Corporation announced [Thursday] a net sales increase of 4% in the first quarter of 2008 over the previous period, to ¥797.8 billion (approx. USD 8.0 billion), while operating income increased 2%, to ¥39.8 billion (approx. USD 397 million). Net income decreased 18%, to ¥22.9 (approx. USD 229 million), due in part to increasing raw material costs."

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Beijing -- Due to the strong rise of raw material costs, Michelin (China) Investment Co., Ltd. announced Wednesday they will increase the prices of passenger car and light truck replacement tyres from 3% to 7% depending on its different brands (Michelin, Warrior, BF Goodrich) and product ranges. This price increase will be effective in June.

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Amsterdam -- For the first quarter of 2008, AkzoNobel has reported net income from continuing operations before incidentals amounted to €136 million, down 4 percent compared with last year. During the quarter there were incidental charges of €151 million (2007: €90 million), largely related to ICI integration costs (€84 million), and an amortization of the step-up of acquired inventories totaling €42 million. Net income including incidentals from continuing operations was €36 million (2007: €78 million). Discontinued operations realized a net income of €82 million. Total net income for the first quarter of 2008 was €118 million, up €40 million compared with the previous year.

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According to an article in the Reno Gazette-Journal by Bill O'Driscoll, "Fernley-based D&D Tire Inc., with 10 tire service centers in Nevada and Idaho, has been bought out by the Purcell Tire & Rubber Co. of Potosi, Mo. D&D officials said Tuesday there will be no lost jobs among the 180 employees at its stores and facilities in Reno, Fernley and elsewhere. "In fact, we're growing," said Britt Johnson, who was a co-owner of D&D Tire and who will remain executive vice president under the new ownership. Paul DiMartini, who founded D&D Tire in Tonopah in 1983, will continue in his role as president of the Nevada and Idaho operations. Terms of the acquisition by privately owned Purcell Tire were not disclosed, but Johnson said the combined company will generate more than $300 million in annual sales and has 1,000 employees. Keith Butcher, executive vice president of Purcell Tire, said the deal is a "win-win" for the companies and their clients, which include mining operations in eight states and business fleet customers." ...

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Paris -- Rhodia has reported that net sales for the first quarter of 2008 amounted to €1,186 million, unchanged versus the first quarter of 2007. Recurring EBITDA totaled €168 million, versus €196 million in the first quarter of 2007. In local currency, price rises amounted to €55 million and offset almost entirely the € 57 million impact of raw material and energy cost increases. Operating Profit amounted to €93 million versus €125 million for the first quarter of 2007 which benefited from a €20 million one off capital gain. The Net Profit Group Share for the first quarter 2008 totaled €42 million, versus €59 million in the first quarter 2007 which benefited from exceptional items of around €36 million. Earnings per Share declined to € 0.41 from €0.59 a year earlier.

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Akron, OH -- Rubber World Magazine is now accepting orders for both the 2008 editions of the Materials, Compounding Ingredients and Machinery for Rubber "Blue Book" and its Annual Buyers Guide, "The Rubber Red Book." Both 2008 publications have been totally updated and revised. For more information on ordering your copy of the Blue Book click here. For information on ordering your copy of the Rubber Red Book click here .

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AKRON, OH -- Rubber World announces a quick and easy way to stay on top of all that is happening in the industry. You may now use this link signup (or the above red link) to sign up and receive email notification each day when RubberWorld.com updates its news. For Today's latest news please click on any of the stories to the right.

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• Bridgestone sales up, net falls
  
• Michelin China to increase price for car and light truck replacement tyres
  
• AkzoNobel reports 1Q earnings
  
• Missouri tire company buys D&D Tire
  
• Rhodia reports 1Q loss
  
• Rubber World accepting orders for 2008 Blue Book, Rubber Red Book