Yesterday I wrote Bridgestone will Increase Tire Production Capacity.
Today...Yokohama Rubber is reporting a group pretax profit that is up 180% - 1.8 times what it was after the first half of the fiscal year last year.
Demand for high-performance tires in Europe are credited for the strong sales.
Sales are up 17% to over $2 billion.
Hoses and other products for construction machines were also strong.
Natural rubber prices were less than last year.
And Yokohama raised prices.
The yen was a bit stronger against the dollar but weak against the yen.
Yup...all that will add up to increased profits.
Worldwide booming car sales don't hurt either, eh?
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