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FUTINAL ConferenceFUTINAL Conference
5-7 December 2006
Praia Grande/SP, Brazil
Michael Wolters, ICEM Chemical and Rubber Industry Officer
ContentsContents
• Forecast: natural rubber (NR) world market prices, demands and supply
• Non-tire rubber sector / newest developments
• Tire technology
• Strategic and economic approach of the mayor tire companies
• Challenges for the trade unions
2
Price of Price of natural rubbernatural rubber (NR) (NR)
1120 13
51
1350
1251
1535
1819
2254
2139
0
500
1000
1500
2000
2500
2003 2004 2005 Sep-06US$ per ton
TSR 20 RSS 3
3
Forecast: Forecast: NR consumption (in m tons)NR consumption (in m tons)
0
2
4
6
8
10
12
1990 2004 2010
Demand
Supply
NR shortage in 2010 at the latest!4
Use of natural rubber Use of natural rubber
• Gloves and condoms: 100 %• Truck tires: 80 %• Passenger tires: 27 %
• The tire industry as a whole needs 60 % of all NR production.
5
6
Non-tire rubber Non-tire rubber products (examples):products (examples):
• Automotive hoses• Hoses assemblies• Automotive interior trim• Multiple V-ribbed belts, timing belts• Conveyor belts• Printing blankets• Sealing systems• Engine mounts• Vibration control• Air springs• gaskets
7
More and more a mixture More and more a mixture between electrics, metal and rubberbetween electrics, metal and rubber
8
Tire technology ITire technology I
Truck tire:
Very wide tires (30-inch) instead of two tires on one axle
Lighter tires which can be used longer (e.g durable technology by Michelin)
Less rolling resistance = less fuels
Retreated tires with better quality
9
Tire Tire technologytechnology II II
• Off-the road tire (OTR) demand is strongly increasing, especially in the mining sector
10
Tire technology IIITire technology III
Passenger tire:
Run-flat
Multi air chamber
11
Tire technology IVTire technology IV
New production technology:
only 10 % of the former space only 1/3 of the former workers
Examples:
ATOM / Toyo tyre BIRD / Bridgestone-Firestone C3M / Michelin MIRS / Pirelli
12
Strategic and economic approach Strategic and economic approach of the mayor tire companiesof the mayor tire companies
1. Bridgestone
2. Michelin
3. Goodyear
4. Continental
5. Pirelli
13
Bridgestone-FirestoneBridgestone-Firestone
• Net sales (9M/2006): 17.9 billion US$
• + 13,0 %
• Profit declines
• Since 2006 the Number one of all tire makers
14
MichelinMichelin
• Net sales (9M/2006): 15,2 billion US$
• + 6,4 %
• Profit decline
• Number 2 of tire makers
• New US retirement pension plan
15
GoodyearGoodyear
• Net sales (9M/2006): 15,282 billion US$
• +3,3%
• Profit decline
• Still severe financial problems
• A long ongoing strike in the US since 5th of October 2006
16
ContinentalContinental
• Net sales (9M/2006): 13,7 billion US$
• + 6,9 %
• Profit decline
• Figure of employees increasing (roughly 85 000)
• Closing of tire production in Charlotte, NC (USA)
17
PirelliPirelli
• Net sales (9M/2006): 4,5 billion US$
• +9,1 %
• Profit decreasing
• Strong share in Latin American tire market
• IPO of ( a part of ) the tire business of the Pirelli Group is still on the agenda
18
Challenges for the trade Challenges for the trade unions in Latin Americaunions in Latin America
• Goodyear’s purpose of selling Engineering Products
• What will happen to Pirelli’s shares in future
• Looking for niche products in the tire sector
• Looking for a more global strategy to save the future of the regional tire plants
• Being capable to discuss in an economic way with the local management
• Be aware of impacts and changes in other parts of the world (e.g. strikes, shifting of production to other places)
• Building capacity for a continuous process of exchange of information, coordination of actions in FUTINAL.
19