Hercules expects sales to exceed USD 500 Million for 2007
Hercules Tire & Rubber Co. expects to surpass USD 500 million in sales this year after posting record sales of USD 433 million in fiscal 2006.
The private brand tire marketer and wholesale distributor didn’t release earnings figures. The Findlay-based company, OH,USA, said its three operating divisions posted sales growth during the fiscal year ended Oct.31, giving Hercules a 16.7% jump in total sales from the previous year. Three new distribution centres and a new Latin American sales office in Miami all contributed to the salesgrowth.