Richard Claymer, Goodyear’s chief executive officer and president, said that the tire industry is currently in a healthy and stable development stage, which provides a huge opportunity for the company’s profit growth.
Goodyear tires
It is reported that Goodyear proposed two long-term financial goals in this meeting.
First, by 2020, the main business income will reach 3 billion U.S. dollars. Second, from 2017 to 2020, the accumulated free cash flow will reach 4.3 to 4.9 billion U.S. dollars. At the same time, Goodyear updated its capital allocation plan, which includes increased capital expenditures, restructuring costs, debt repayments, and a total of $4 billion in shareholder rebates.
In addition, the company also reiterated its previously announced 2016 financial goals. These goals include the pre-EBIT margin growth rate of the main operating segment of between 10% and 15% (excluding Venezuelan business impact); net cash inflows from operations; and reduction of year-end debt/EBITDAP ratio to 2.0-2.1. Times.
It is understood that in the first half of 2016, Goodyear's sales were US$7.6 billion, which was down 8% year-on-year.
The company said that this was mainly attributable to the exchange rate loss of 225 million U.S. dollars caused by foreign exchange fluctuations and the shrinking business in Venezuela.
In the first half of the year, Goodyear tire sales reached 83 million, an increase of 2% year-on-year, of which, the shipment volume of replacement tires increased by 3%, and the sales volume of original tires fell by 1%.
If you do not calculate the reduction in Venezuelan business, its total tire sales growth can reach 3%.
Product Description
5.2:1 or 6.2:1high speed gear system
Front drag
Thick bail arm
Super strong drive gear
Hight intensity graphite material
Micro-adjusting drag system
Excellent line lay osciallation system
one-way clutch ball bearing
gear ratio of 5.2:1 or 6.2:1 is available
| Gear Ratio |
5.2:1 6.2:1 |
| Bearings |
3+1 12+1 |
| ITEM | Gear Ratio | Ball Bearing | Line Capacity(mm/m;Lbs/yds)-Standard | Line Capacity(mm/m)-Shwallow | OWC |
| DSB1000 | 5.2:1 | 3+1BB-12+1BB | 0.18/205 0.20/170 0.25/100; 4/175 6/110 8/90 | 0.12/150 | Y |
| DSB2000 | 6.2:1/5.2:1 | 3+1BB-12+1BB | 0.20/245 0.23/180 0.28/115; 4/240 6/160 8/125 | 0.20/150 | Y |
| DSB3000 | 6.2:1/5.2:1 | 3+1BB-12+1BB | 0.28/155 0.31/125 0.36/95; 8/180 10/150 12/110 | 0.22/150 | Y |
| DSB4000 | 6.2:1/5.2:1 | 3+1BB-12+1BB | 0.28/225 0.31/180 0.36/135; 8/270 10/220 12/160 | 0.24/150 |
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