Author: RubberWorld

Latex and Natural RubberMarket ReportsNewsrss1

Natural rubber market forecast at $30 billion by 2033

The demand for natural rubber continues to rise due to its affordability, lightweight properties, and suitability for a wide range of applications. From insulating materials to tires for cars and airplanes, natural rubber remains indispensable across diverse sectors, driving its consumption to an estimated value of US$ 30,914.3 million by the end of 2033.

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Goodyear reports first quarter net loss of $57 million

Goodyear’s first quarter 2024 sales were $4.5 billion with tire unit volumes totaling 40.4 million. First quarter 2024 Goodyear net loss was $57 million (20 cents per share) compared to a Goodyear net loss of $101 million (35 cents per share) a year ago. The year over year improvement was driven by increases in segment operating income. The 2024 period also included several significant items including, on a pre-tax basis, Goodyear Forward costs of $28 million and rationalization charges of $22 million, compared with pre-tax rationalization charges of $32 million in 2023. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.

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Magri Group strengthens market presence with GRI

GRI and the Magri Group strengthened its position in Italy with a new strategic partnership that emphasizes its continued commitment to excellence in tire distribution as the leading distributor of Agriculture Tires in the region. The Magri Group announced a significant partnership with GRI and the recent acquisition of DONATI GOMME, a historic player in the Agricultural Tire sector. These collaborations confirm the group’s commitment to the key sectors of its history and align with the objectives of exclusive national distribution, enhancing the entire product portfolio

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BFGoodrich introduces the all-terrain T/A KO3 tire

BFGoodrich will introduce more than 100 sizes over 24 months, starting with 13 sizes available in May. The phased launch will continue with 17 additional sizes in August and five more sizes in October. An additional 52 sizes arrive in 2025 and 19 sizes in 2026.

The All-Terrain T/A KO3 tire has improved wear performance, improved gravel road durability, and improved snow traction while maintaining the sidewall toughness and soft soil traction of the KO2 tire.

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