Latest news with #businesswire
Associated Press
6 days ago
- Automotive
- Associated Press
Latin America & Caribbean Automotive Tire Market Share Analysis and Forecast Report 2025-2033 Featuring Hankook, Continental, Michelin, Pirelli, Yokohama, and Bridgestone
DUBLIN--(BUSINESS WIRE)--May 28, 2025-- The 'Latin America & Caribbean Automotive Tire Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to offering. The Latin America & Caribbean Automotive Tire Market is valued at USD 4.08 billion in 2024 and is expected to reach USD 5.56 billion by 2033, growing at 3.51% CAGR from 2025 to 2033. Increasing demand for commercial and passenger vehicles, growing transportation infrastructure, and rising ownership of vehicles in developing economies across the region are driving the market. In Latin America & the Caribbean, auto tires are on the rise owing to higher ownership of vehicles, increasing road networks, and rising middle class. Tires are used for varied transportation purposes across urban and rural areas, ranging from passenger cars and motorcycles to buses and commercial vehicles. The market comprises original equipment tires for new vehicles as well as replacement tires for vehicles already in service. With mobility rising and tourism booming in island nations and mainland states, the market for affordable and trustworthy tires has also seen a spike. The use of all-terrain and environmentally friendly tire models is also increasing, which shows consumer preference for durability, fuel efficiency, and eco-friendliness in the region. Latin America & Caribbean Automotive Tire Market Growth Drivers Growing Automotive Fleet and Increasing Vehicle Ownership Growing demand for personal and commercial vehicles is driving tire consumption in Latin America & the Caribbean. Increased disposable incomes, urbanization, and enhanced road infrastructure have spurred increased vehicle ownership levels in Brazil, Mexico, and Argentina. As the region continues to experience steady growth in new vehicle sales, there is a parallel increase in demand for original equipment manufacturer (OEM) tires and replacement tires. The market for used cars is also growing, further increasing the demand for cost-effective, long-lasting replacement tires in urban and rural regions. Jun 2024, The International Organization of Motor Vehicle Manufacturers (OICA) states that New vehicle registrations in Latin America rose by 7.65% in 2023, reaching 5.35 million cars. The main contributors were Brazil, at 2.30 million registrations (43%), and Mexico, at 1.41 million (27%), accounting for a combined 70% of the region's total. Expansion of E-commerce and Tire Retail Channels The development of digital platforms and e-commerce has revolutionized the tire retail environment in the region. Customers are now able to access a range of tire brands and specifications through online marketplaces, ensuring competitive prices and increased convenience. This change in purchasing behavior, combined with higher internet penetration, is enabling the uptake of technologically superior tires. The increasing trend of buying tires online also prompts manufacturers and distributors to invest in digital infrastructure and last-mile delivery networks, particularly in rural or underserved markets. Nov. 2022,L Catterton, the world's largest consumer-focused private equity firm, said its Latin America fund will invest heavily in CantuStore, Brazil's largest omnichannel aftermarket tire retailer and distributor. The terms of the deal were not disclosed. Demand for Fuel-Efficient and All-Terrain Tires Increased fuel prices and poor road conditions in the region have increased demand for high-performance, fuel-efficient, and all-terrain tires. Consumers demand durable tires that perform in varying conditions - from hilly roads in Colombia to seaside roads in the Caribbean. The emphasis on environmental driving also spurs demand for low-rolling-resistance tires, which improve fuel efficiency. Tire manufacturers are reacting by introducing new products customized to local needs, further driving adoption in the personal and commercial vehicle markets. August 2024, The Latin Auto Parts Expo & Latin American Caribbean Tyre (Latin Tyre Expo) opened its doors at the Amador Convention Center in Panama. Prinx Chengshan presented its high-performance products, namely Prinx, Chengshan, Austone, and Fortune. The expo put a spotlight on the company's technology innovations in commercial, passenger, and special tyres, drawing an encouraging response for its performance products and quality services. Challenges in the Latin America & Caribbean Automotive Tire Market Economic Instability and Currency Fluctuations Most of the nations in the region experience macroeconomic instability, such as high inflation, political instability, and exchange rate volatility. These conditions heavily influence tire import prices, raw material costs, and consumer purchasing power. Consequently, price-conscious customers tend to postpone tire replacement or switch to lower-quality products, affecting revenue for premium tire manufacturers. In addition, currency devaluation in countries such as Argentina and Venezuela has hindered manufacturers from establishing stable pricing and profitability. Dependence on Imports and Limited Local Manufacturing The area heavily depends on tire imports, particularly high-end or niche segments including electric vehicle tires and run-flat tires. There is limited domestic manufacturing capacity, which generates longer lead times and higher prices. Tariffs, import charges, and logistics issues also impede the supply chain, particularly in island countries such as Cuba and the Dominican Republic. This excessive dependence on external suppliers also limits innovation and makes less diverse tire products unavailable to suit regional requirements. Key Players Analysis: Overview, Key Persons, Recent Developments, Product Portfolio, Revenue Key Attributes: Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Driver 4.2 Challenges 5. Latin America & Caribbean Automotive Tire Market 6. Market Share Analysis 6.1 Vehicle Types 6.2 Rim Size 6.3 Sales Channels 6.4 Country 7. Vehicle Types 7.1 Passenger Vehicle 7.2 Commercial Vehicle 7.3 Electric Vehicle 8. Rim Size 8.1 Less Than 15 Inches 8.2 15 To 20 Inch 8.3 More Than 20 Inches 9. Sales Channels 9.1 Oem (Original Equipment Manufacturer) 9.2 Aftermarket 10. Country 10.1 Brazil 10.2 Mexico 10.3 Argentina 10.4 Haiti 10.5 Cuba 10.6 Dominican Republic 10.7 Bahamas 10.8 Guatemala 10.9 Panama 10.10 Rest of Latin America and Caribbean 11. Porter's Five Forces 11.1 Bargaining Power of Buyers 11.2 Bargaining Power of Suppliers 11.3 Degree of Rivalry 11.4 Threat of New Entrants 11.5 Threat of Substitutes 12. SWOT Analysis 12.1 Strength 12.2 Weakness 12.3 Opportunity 12.4 Threat 13. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: CARIBBEAN LATIN AMERICA INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/28/2025 07:32 AM/DISC: 05/28/2025 07:31 AM
Associated Press
6 days ago
- Business
- Associated Press
Blackline Safety Announces Fiscal Second Quarter 2025 Financial Results Conference Call
CALGARY, Canada--(BUSINESS WIRE)--May 28, 2025-- Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced it will release its fiscal second quarter 2025 financial results before markets open on Wednesday, June 11, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 11:00 am ET the same day. Blackline Safety Corp. Fiscal Second Quarter 2025 Financial Results Conference Call When: Wednesday, June 11, 2025 Time: 11:00 am ET WebcastLink: Dial-in Instructions: Please dial in 5-10 minutes prior to the scheduled start time and ask to join the Blackline Safety Corp. earnings conference call. A replay will be available after 2:00 PM ET on June 11, 2025 through July 11, 2025 by dialing 1-855-669-9658 (Canada/USA Toll Free) or 1-412-317-0088 (International Toll) and entering access code 3417383. About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 275 billion data-points and initiated over eight million emergency alerts. For more information, visit and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram. View source version on CONTACT: INVESTOR/ANALYST CONTACT Jason Zandberg, Director, Investor Relations [email protected] Telephone: +1 587 324 9184MEDIA CONTACT Jodi Stapley, Director, Brand [email protected] Telephone: +1 587-355-5907 KEYWORD: NORTH AMERICA IRELAND UNITED KINGDOM EUROPE CANADA INDUSTRY KEYWORD: HARDWARE IOT (INTERNET OF THINGS) OIL/GAS SECURITY ENERGY SATELLITE TECHNOLOGY PROFESSIONAL SERVICES WEARABLES/MOBILE TECHNOLOGY OTHER TECHNOLOGY SOFTWARE NETWORKS DATA ANALYTICS UTILITIES MOBILE/WIRELESS SOURCE: Blackline Safety Corp. Copyright Business Wire 2025. PUB: 05/28/2025 07:17 AM/DISC: 05/28/2025 07:16 AM
Associated Press
7 days ago
- Business
- Associated Press
Food Allergy Market Analysis and Forecasts Report 2023-2025 & 2025-2035 Featuring Novartis, F. Hoffmann-La Roche, DBV Technologies, Vedanta Biosciences, Regeneron Pharmaceuticals, and Camallergy
DUBLIN--(BUSINESS WIRE)--May 27, 2025-- The 'Food Allergy Market - A Global and Regional Analysis: Focus on Drug Class, Country, and Region - Analysis and Forecast, 2025-2035" report has been added to offering. The global food allergy market is segmented by drug class, with each class addressing different aspects of food allergies. Antihistamines as a popular treatment for mild symptoms, contributing to consistent market demand. Steroids, used for managing inflammation, and Beta-2-agonists, which help alleviate respiratory symptoms, are also important segments, with moderate growth expected driven by their complementary roles in managing food allergy symptoms. North America holds the largest share in the global food allergy market, with the U.S. being a major contributor. The food allergy market is in an evolving phase with substantial investment in new treatment options, such as oral immunotherapy, biologics, and genetically engineered products aimed at desensitizing patients to allergens. This shift from symptom management to more preventive treatments marks a pivotal point in the market's lifecycle. Rising incidences of food allergies, growing awareness among consumers, and technological advancements in diagnostic and treatment methods are the primary drivers of market growth. Food allergies are a significant concern globally, affecting millions of individuals and leading to a growing demand for effective treatment options. How Can This Report Add Value to an Organization? Product/Innovation Strategy: This report highlights key trends in food allergy treatment and diagnostic services, helping companies innovate in biologics, immunotherapy, and precision medicine tailored to food allergy sufferers. Competitive Strategy: The food allergy market is highly competitive, and pharmaceutical companies, healthcare providers, and food manufacturers can use this report to stay ahead by understanding market trends, competitors, and emerging opportunities. Demand Drivers Limitations: Key Market Players and Competition Synopsis The companies profiled in this report are selected based on expert insights, evaluating company coverage, product portfolio, and market penetration. Leading players in the global food allergy market include pharmaceutical companies, healthcare providers, and food manufacturers. Companies Featured Key Topics Covered: Executive Summary 1. Global Food Allergy Market: Industry Outlook 1.1 Market Overview and Ecosystem 1.2 Epidemiological Analysis of Food Allergy 1.2.1 U.S. 1.2.2 EU5 1.2.3 Rest-of-the-World 1.3 Market Trends 1.4 Clinical Trials 1.4.1 By Phase 1.5 Regulatory Landscape Analysis 1.5.1 Legal Requirement and Framework in U.S. 1.5.2 Legal Requirement and Framework in E.U. 1.5.3 Legal Requirement and Framework in Asia-Pacific 1.5.4 Legal Requirement and Framework in Rest-of-the-World 1.6 Market Dynamics 1.6.1 Impact Analysis 1.6.2 Market Drivers 1.6.3 Market Restraints 1.6.4 Market Opportunities 2. Global Food Allergy Market, by Drug Class, $Million, 2023-2035 2.1 Epinephrine 2.2 Antihistamines 2.3 Steroids 2.4 Others 3. Global Food Allergy Market, by Region, $Million, 2023-2035 3.1 North America 3.1.1 Key Findings 3.1.2 Market Dynamics 3.1.3 Market Sizing and Forecast 3.1.3.1 North America Food Allergy Market (by Country) 3.1.3.1.1 U.S. 3.2 Europe 3.2.1 Key Findings 3.2.2 Market Dynamics 3.2.3 Market Sizing and Forecast 3.2.3.1 Europe Food Allergy Market (by Country) 3.2.3.1.1 Germany 3.2.3.1.2 France 3.2.3.1.3 Italy 3.2.3.1.4 U.K. 3.3 Asia-Pacific 3.3.1 Key Findings 3.3.2 Market Dynamics 3.3.3 Market Sizing and Forecast 3.3.3.1 Asia-Pacific Food Allergy Market (by Country) 3.3.3.1.1 Japan 4. Global Food Allergy Market - Competitive Benchmarking and Company Profiles 4.1 Competitive Landscape 4.1.1 Key Strategies and Developments by Company 4.1.1.1 Funding Activities 4.1.1.2 Mergers and Acquisitions 4.1.1.3 Regulatory Approvals 4.1.1.4 Partnerships, Collaborations and Business Expansions 4.1.2 Key Developments Analysis 4.2 Company Profiles 4.2.1 Company Overview 4.2.2 Product Portfolio 4.2.3 Target Customers / End Users 4.2.4 Key Personnel 4.2.5 Analyst View For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/27/2025 08:03 AM/DISC: 05/27/2025 08:03 AM
Associated Press
23-05-2025
- Business
- Associated Press
Harvest ETFs Announces May 2025 Distributions
OAKVILLE, Ontario--(BUSINESS WIRE)--May 23, 2025-- Harvest Portfolios Group Inc. ('Harvest') announces the following distributions for Harvest ETFs for the month ending May 31, 2025. The distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025. Harvest has established a Distribution Reinvestment Plan ('DRIP') for certain classes of Harvest ETFs, allowing investors to easily benefit from compounding their distributions on a monthly basis. Certain Harvest ETFs listed on the Toronto Stock Exchange (TSX) are eligible for the Distribution Reinvestment Plan, provided that their investment dealer supports participation in the DRIP. Investors may opt into the DRIP by contacting their investment dealer, otherwise distributions will be paid in cash. Note: Harvest ETFs that trade in US dollars with TSX Ticker ending in '.U' pay the distribution in US dollars. The estimated distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025 for the ETF below. The final distribution amount will be announced May 29, 2025. For additional information: Please visit e-mail [email protected] or call toll free 1-866-998-8298. Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected] About Harvest Portfolios Group Inc. Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $6.4 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings center around covered call strategies, available in five variations: Equity, Enhanced, Fixed Income, Balanced and Single Stock ETFs. E-mail: [email protected] Toll free: 1-866-998-8298 Twitter: Facebook: YouTube: source version on CONTACT: For Additional Information: Website: E-mail:[email protected] Toll free: 1-866-998-8298 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Harvest Portfolios Group Inc. Copyright Business Wire 2025. PUB: 05/23/2025 07:30 AM/DISC: 05/23/2025 07:29 AM
Yahoo
22-05-2025
- Business
- Yahoo
Exchange Bank Declares Second Quarter Cash Dividend
SANTA ROSA, Calif., May 22, 2025--(BUSINESS WIRE)--On May 20, 2025, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on June 6, 2025. The dividend will be paid on June 20, 2025. 50.44%, approximately $1.12 million, of the Bank's cash dividend will go to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College. FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements about the Bank, including descriptions of plans or objectives of its management for future operations, products or services, forecasts of its revenues, earnings, legislative, regulatory issues, or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors, many of which are beyond the Bank's control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. About Exchange Bank Headquartered in Sonoma County and founded in 1890, Exchange Bank is a full-service community bank with assets of $3.27 billion. Exchange Bank provides a wide range of personal, commercial, and trust and investment management services with 17 retail branches in Sonoma County, a retail branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville, Marin County and Silicon Valley. The Bank's legacy of financial leadership and community support is grounded in its core values of commitment, respect, integrity, and teamwork. Exchange Bank is known for its people who care about their customers, their company, and the communities where they live and work. Exchange Bank is a 19-year winner of the North Bay Business Journal's Best Places to Work survey and a 13-time winner of the Best Bank of Sonoma County by the Press Democrat's Readers' Choice 2024 awards. Exchange Bank was named Best Consumer Bank by the NorthBay biz Magazine's Best of the North Bay readers' poll and Best Local Bank by The Petaluma Argus Courier People's Choice Awards 2024. Exchange Bank is also a winner of the 2024 San Francisco Business Times Corporate Philanthropy award, and the Bohemian Magazine's Best of the North Bay 2024 named Exchange Bank Best Business Bank and Best Consumer Bank. Member FDIC — Equal Housing Lender — Equal Opportunity Employer View source version on Contacts Charlotte RadmilovicSVP, Chief Financial OfficerExchange Bank(707) 521-3751 Sign in to access your portfolio
