Goodyear Raises 2024 Earnings Outlook Amid Global Challenges
- By TT News
- November 05, 2024
Goodyear Tire & Rubber raised its 2024 earnings outlook, citing strong operational income gains despite ongoing global challenges impacting sales volumes. The Ohio-based tyre manufacturer reported a segment operating income (SOI) of USD 347 million for Q3 2024, a 3.3 percent or USD 11 million increase from the prior year. The SOI margin expanded to 7.2 percent, marking the fourth consecutive quarter of margin improvement, aided by cost-saving initiatives and optimisation efforts as part of the “Goodyear Forward” programme.
Goodyear announced it achieved USD 450 million in year-over-year SOI benefits in 2024 and increased its annual target by $200 million, aiming for USD 1.5 billion in total ru “-rate savings by” 2025. However, sales for the quarter dropped 6.2 percent year-over-year to USD 4.82 billion, impacted by declining tyre unit volumes, which fell by 6.2 percent to 42.5 million units. This volume decline, coupled with an increase in unabsorbed fixed costs, contributed to a significant negative impact on the quarter’s results.
Goodyear’s Americas segment posted a 2.7 percent decrease in operating income at USD 251 million. EMEA sales grew eight percent amid heightened replacement demand, generating a 9.1 percent boost in segment operating income. In the Asia-Pacific region, the company reported a 28.6 percent year-over-year rise in SOI to USD 72 million.
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Region-Wise Performance Americas Sales Revenue: Decreased due to lower volume. Operating Income: USD 251 million, down 2.7 percent year-over-year. Impacted by volume decline, with pricing pressures continuing. Operational efficiencies and cost-saving measures mitigated part of the revenue reduction. Europe, Middle East, and Africa (EMEA) Sales Growth: 8 percent year-over-year growth. Segment Operating Income: Strong growth in replacement segment, generating 9.1 percent higher operating income. Demand remained high in the replacement segment, with steady growth attributed to cost savings and pricing adjustments. Asia-Pacific Sales: Increased due to volume recovery in the Chinese and Southeast Asian markets. Segment Operating Income: USD 72 million, up 28.6 percent from Q3 2023. Volume recovery post-pandemic has boosted performance in this region, supported by strong demand across various categories. |
The company remains committed to its portfolio optimisation, targeting gross proceeds of over USD 2 billion through asset sales, said Goodyear.
- AZuR Network
- AZuR Project Group on Chemical Recycling
- European Tyre-to-Tyre Initiative
- Tyre Circular Economy
- End-Of-Life Tyres
- Tyre Thermolysis Oil
- Recovered Carbon Black
AZuR Project Group Meets At Pyrum To Advance Tyre Circular Economy
- By TT News
- October 09, 2026
The AZuR project group on chemical recycling convened its annual in-person meeting on 1 October 2026, bringing together more than 20 network partners at Pyrum Innovations AG in Dillingen/Saar. The gathering centred on recent scientific findings, the recovery of raw materials from end-of-life tyres, the European Tyre-to-Tyre initiative and collaborative projects planned for 2027. Participants examined how recovered carbon black and tyre thermolysis oil can be more effectively integrated into industrial production processes.
A scientific highlight came from Dr -Ing Sebastian Bogdahn, who presented his dissertation on the production and ecological assessment of high-quality carbonizates derived from used tyre thermolysis. His research combined experimental investigations, process modelling and life cycle assessment, with particular attention to recovered carbon black produced during thermolysis and subsequently processed. The findings indicated that the modelled system could potentially lower global warming potential relative to fossil-based carbon black production while underscoring the significance of process control, product quality and energy supply for environmental performance.
The European Tyre-to-Tyre initiative, launched in July 2026 by Pirelli, Pyrum, Synthos and BASF, illustrated how chemical recycling processes can be embedded within industrial value chains. Pyrum converts used and rejected tyres into recovered carbon black and tyre thermolysis oil through thermolysis. The processed carbon black is then used in Pirelli's tyre manufacturing, partially substituting fossil-based industrial carbon black.
At BASF, thermolysis oil is combined with fossil raw materials to produce chemical products including butadiene and styrene. Synthos utilises corresponding feedstocks to manufacture synthetic rubbers, which are subsequently employed in Pirelli's tyre production. According to the project partners, the entire value chain remains traceable via ISCC PLUS certification.
A notable feature of the meeting was a tour of Pyrum's thermolysis plants. Divided into three groups, attendees gained insights into the technical processes and engaged directly with on-site experts. The tour clarified the technical steps required for recovering and further processing raw materials, from the handling of used tyres through to the resulting product streams.
Management emphasised the value of regular AZuR in-person meetings, which combine exchange among companies, technology providers and research institutions with exposure to real industrial applications. The gathering demonstrated the importance of collaboration across the entire value chain, with research, technology development, industrial processing and tyre production considered together to transform recovered materials into high-quality raw materials for new products. The project group will continue this exchange in 2027 through concrete projects and information initiatives.
Straightset And Supertracker Join TyreSafe As Commercial Supporters
- By TT News
- October 09, 2026
TyreSafe, UK’s leading tyre safety charity, has welcomed Straightset and Supertracker as Commercial Supporters, pairing two well-established garage equipment names in support of the charity's goal of enhancing tyre safety and lowering tyre-related incidents across UK roads.
Independent garage equipment specialist Straightset and Supertracker, a famed British maker of wheel alignment equipment, are jointly backing TyreSafe's campaign to highlight how essential properly maintained tyres are to road safety.
Straightset, run as a family business, delivers a broad selection of garage equipment for car and commercial vehicle workshops, covering tyre changers, wheel balancers, MOT equipment, workbenches and exhaust extraction systems, plus installation, servicing and maintenance. Since 2022, Straightset has owned Supertracker, a long-established British marque focused on laser and computerised wheel aligners, commercial vehicle apparatus and vehicle lifts including scissor and two-post types.
By merging specialist equipment manufacturing with the thorough service and support garages require, the two brands offer complementary strengths. Correct wheel alignment is tightly connected to tyre maintenance, helping avert uneven tyre wear and bolster vehicle safety. The tie-up demonstrates a mutual dedication to safety, quality and the automotive sector, with both brands aiding TyreSafe's continued efforts to educate road users and encourage improved tyre safety habits.
Stuart Lovatt, Chairman, TyreSafe, said, “We are delighted to welcome Straightset and Supertracker as Commercial Supporters of TyreSafe. Together, they bring valuable expertise across the garage equipment sector, from specialist wheel alignment technology to the equipment, servicing and support that keep workshops operating safely and efficiently. Garages play an important role in helping ensure vehicles are safe and roadworthy, and the right equipment and technical support are essential to that work. We look forward to working with Straightset and Supertracker to raise awareness of tyre safety and encourage road users and businesses to make tyre maintenance a priority.”
Julia Blake, Marketing and Communications Director, Straightset, said, “We are proud to be partnering with TyreSafe, alongside our Supertracker brand, and to support the important work it does to improve tyre safety across the UK. At Straightset, we provide garages with the equipment, expertise and ongoing support they need to operate safely and effectively. Through Supertracker, we also have a longstanding connection with wheel alignment technology, which plays an important role in tyre maintenance. This partnership brings together our shared commitment to safety and gives us an opportunity to help raise awareness of the importance of looking after tyres. We look forward to working with TyreSafe and contributing to its efforts to make UK roads safer.”
Epsilon Carbon Publishes 6th Sustainability Report Detailing FY 2025–26 Progress
- By TT News
- October 09, 2026
Epsilon Carbon Pvt. Ltd., a global manufacturer of carbon black and speciality carbon products, has published its sixth Sustainability Report for FY 2025–26, titled ‘Anchored in Carbon. Embedded in Circularity’. The document outlines the company’s advancements in emissions reduction, energy efficiency, workplace safety, inclusion and community development while detailing its strategy for a more responsible and resilient carbon value chain.
The company’s sustainability efforts are deeply integrated into its manufacturing operations and its support for customers in the tyre, rubber, manufacturing and industrial sectors. Epsilon Carbon aims to supply dependable carbon materials while enhancing resource efficiency and lowering the environmental footprint of production. In FY 2025–26, it recorded a 98 percent drop in Scope 2 emissions intensity against its FY 2022–23 baseline, alongside a 6 percent reduction in energy consumption intensity driven by operational improvements.
A 17 MW captive power plant using waste hot gases from production remained central to decarbonisation, achieving 77 percent waste heat recovery utilisation and remaining on target. This helped avoid over 89,000 tonnes of CO₂ emissions by reducing coal-based power reliance. The company also cut Scope 3 emissions intensity by 8.13 percent compared with FY 2024–25, supporting more sustainable manufacturing across its value chain. Its Vijayanagar plant holds an annual capacity of 215,000 tonnes of carbon black and 500,000 tonnes of speciality carbon.
The report further highlights workplace safety and inclusion, with zero fatalities, 10 percent women representation on the Board and 9.41 percent of the overall workforce. CSR programmes positively impacted approximately 140,000 lives, fostering community development near its operations. Epsilon Carbon’s sixth Sustainability Report gives stakeholders a clear view of its ESG performance and reinforces its focus on responsible growth, operational excellence and its expanding role in the global carbon materials industry.
Vikram Handa, Managing Director, Epsilon Carbon, said, “Sustainability is central to how we are building Epsilon Carbon for the future. Our progress in reducing emissions intensity, increasing the use of waste heat recovery and improving energy efficiency shows what is possible when sustainability is built into everyday operations. Our customers in tyres, rubber and other manufacturing sectors are also working towards more responsible and efficient value chains. We are committed to supporting them through dependable products, strong manufacturing capabilities and continued innovation. Alongside our environmental priorities, we remain focused on safety, inclusion and creating a positive impact in the communities where we operate.”
Ryan Beat Captures First Pro-2 Championship With Toyo Tyres
- By TT News
- October 09, 2026
Toyo Tire U.S.A. Corp (Toyo Tires) celebrated a milestone achievement in short-course off-road racing as driver Ryan Beat captured the 2026 Championship Off-Road Pro-2 title. The decisive rounds unfolded at Glen Helen Raceway in San Bernardino, California, where Beat piloted his #51 Bilstein / Toyo Tires / Rockstar Energy / Chevrolet truck to the first Pro-2 crown of his racing career.
Beat arrived at the season finale holding a 17-point advantage but faced punishing Southern California heat and a determined group of rivals. A mid-race restart intensified the competition, yet Beat powered through the field and crossed the finish line first on Saturday night, sealing the championship.

His truck ran on standard 35x12.50R17 Open Country C/T tyres throughout the campaign. Beat concluded the year at the top of the Pro-2 standings with 722 points. The result marked the sixth occasion he has placed among the top three in the class, having previously earned four runner-up finishes and one third-place result.
The championship extends Team Toyo’s strong presence in short-course competition, complementing Pro-4 titles claimed by CJ Greaves across 2023 through 2025 and Kyle LeDuc between 2012 and 2020. Toyo-backed drivers have also found success in desert racing, with six SCORE Baja 1000 victories, six Baja 500 wins, five Baja 400 triumphs and four San Felipe 250 titles.

Beat said, “The championship came down to the final race and to not only win the title, but to do it by winning the final race was a dream come true. Surrounded by my family, friends and partners, this one is going to be hard to top.”
Adrian Puente, Events, Motorsports and Technical Manager, Toyo Tire U.S.A. Corp, said, “Congratulations to Ryan and his motorsports team on securing the first Pro-2 championship of his career! A hard-fought season ending in triumph is a great result for Team Toyo and showcases the versatility and performance of our tyres on and off the track.”


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