Goodyear Tire Company recently announced the results of its third-quarter 2010 financial report. In the third quarter, the company’s tire sales were 47.7 million, up 6% year-on-year, sales of 5 billion US dollars, an increase of 13% year-on-year, reaching 2008 The highest level since the third quarter.
"We are very pleased with the continued eye-catching business performance in the third quarter and the significant progress achieved in all strategic areas of focus," said Richard J. Kramer, Goodyear's president and chief executive officer. “The strong and extensive industry recovery has played a big role in boosting the performance. We are very optimistic about the future direction of the tire industry and are full of confidence in the company’s prospects.â€
In the third quarter, growth in the Goodyear Asia Pacific region was even stronger, with tire sales increasing 14% from 2009 to reach $521 million, the highest level in all quarters. The significant increase in sales was mainly due to the newly increased sales of 8% tires, of which sales of matching tires increased by 15%, and sales of replacement tires increased by 3%. In addition, there is a portion of exchange gains.
Goodyear ’s operating income in the Asia-Pacific region reached US$57 million in the third quarter, and nearly half of its revenue was due to a good product pricing system and product mix, higher sales volume, and effective measures to cut costs.
“The strong growth momentum in Asia stems from our innovation strategy and strong market expansion.†Mr. Pierre E. Cohade, President of Goodyear Asia Pacific, said, “The past nine months The continuous growth, especially in the rapid development of the Chinese and Indian markets, reflects Goodyear's clear and clear development focus, which is to continue to strengthen the foundation of the Goodyear brand stores throughout the region while introducing the latest and best products."
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Packing:
1 Industry package: 200pcs/plastic bag, 2000pcs /carbon , 50 cartons/pallet ,
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6300 Series Deep Groove Ball Bearing
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Hebei Naimei Bearing Co., Ltd. , https://www.nmn-bearing.com