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FUTINAL Conference

5-7 December 2006 Praia Grande/SP , Brazil. FUTINAL Conference. Michael Wolters, ICEM Chemical and Rubber Industry Officer. Forecast: natural rubber (NR) world market prices, demands and supply Non-tire rubber sector / newest developments Tire technology

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FUTINAL Conference

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  1. 5-7 December 2006 Praia Grande/SP, Brazil FUTINAL Conference Michael Wolters, ICEM Chemical and Rubber Industry Officer

  2. 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 Contents 2

  3. Price of natural rubber (NR) 3

  4. Forecast: NR consumption (in m tons) NR shortage in 2010 at the latest! 4

  5. Gloves and condoms: 100 % Truck tires: 80 % Passenger tires: 27 % The tire industry as a whole needs 60 % of all NR production. Use of natural rubber 5

  6. 6

  7. 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 Non-tire rubber products (examples): 7

  8. 8 More and more a mixture between electrics, metal and rubber

  9. 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 Tire technology I 9

  10. Off-the road tire (OTR) demand is strongly increasing, especially in the mining sector Tire technology II 10

  11. Passenger tire: Run-flat Multi air chamber Tire technology III 11

  12. 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 Tire technology IV 12

  13. Bridgestone Michelin Goodyear Continental Pirelli Strategic and economic approach of the mayor tire companies 13

  14. Net sales (9M/2006): 17.9 billion US$ + 13,0 % Profit declines Since 2006 the Number one of all tire makers Bridgestone-Firestone 14

  15. Net sales (9M/2006): 15,2 billion US$ + 6,4 % Profit decline Number 2 of tire makers New US retirement pension plan Michelin 15

  16. 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 Goodyear 16

  17. 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) Continental 17

  18. 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 Pirelli 18

  19. 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. Challenges for the trade unions in Latin America 19

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