Yokohama Rubber’s Profits Nearly Double

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?