Equity Research on Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. -- Rubber & Plastics Facing Sluggish Demand
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/22/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Rubber & Plastics industry and are offering free analytical research on (NYSE: GT) and (NYSE: CTB). Register with us today at to have free access to these research reports.
Although there have been higher car sales and improvements in the U.S. economy, companies in the Rubber and Plastic industry have been facing headwinds recently. In mature markets, replacement industry volumes seem to be declining. The floods in Thailand affected many companies' supply chains and volatility in European and Latin American markets has impacted sales. Furthermore, raw material costs have been on the rise and some feel that the trend could continue. Get your free reports on and at . There is no commitment to join.
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Goodyear Tire & Rubber Co. seems to have been working to offset the higher costs by building and selling more expensive and intricate tires. During the fourth quarter, Goodyear saw tire volumes fall by five percent. However, it grew sales by twelve percent to $5.7 billion. Good year earned $25 million in the fourth quarter, well above last year's loss of $177 million. report is accessible for free by registering today at .
On top of other headwinds, some companies have also had to cope with labor problems. Cooper Tire & Rubber Co., which is due to release its earnings on February 27th, has been dealing with a lockout of just over one-thousand workers at its Findlay, Ohio plant. Though talks resumed recently, they broke down rapidly. report is accessible for free by registering today at .
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