Conti, Pirelli raise North America tire prices

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Fort Mill, South Carolina – Tire price hikes continue in North America as Continental and Pirelli announce plans to raise tire prices in the region.

In an 8-Nov statement, Continental Tire the Americas LLC said it planned to raise prices on Continental- and General-branded passenger and light truck tires sold in the US market, effective 7 Jan.

Read the source article at European Rubber Journal

Bridgestone profits decline, sales remain flat

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Tokyo – Bridgestone Corp. has seen its operating income decline 3% to Yen290.8 billion (€2.25 billion) in the first nine months of 2018, compared to the same period the year before.

The Japanese tire and rubber company reported a 0.4% increase in net sales for the period at Yen2.67 trillion in its third quarter results published 8 Nov.

Sales in the tire division rose 1% compared to 2017 to Yen2.22 trillion, while diversified products’ sales remained flat at Yen466 billion.

Read the source article at European Rubber Journal

Zeon elastomers weak due to raw material costs

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Tokyo – Zeon Corp.’s elastomer business has seen operating profit fall 16% year-on-year to Yen9.5 billion for the first six months of its financial year, ending March 2019.

In its half-year financial results 31 Oct, the Japanese materials supplier said rubber sales rose 1% to Yen7 billion despite a 1% decline in volumes at 175,000 tonnes for the period.

The business unit includes Rubbers, Latex and Chemicals.

Read the source article at European Rubber Journal

Magna Tyres Group Doubles Production Capacity At Hardenberg Plant

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With an eye to the rapidly increasing demand for its brand and expected growth in 2019, Magna Tyres Group has plans for another expansion of its NL Hardenberg plant, which will be finalized in 2018.

Only two months since its most recent expansion, production will rise to 7,000 tires in the 17.5R25, 20.5R25 and 23.5R25 tire ranges in 2019, Magna says.

Read the source article at Aftermarket News

U.S. car-tariff truce with Europe may end soon, EU’s Juncker signals

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BERLIN — European Commission President Jean-Claude Juncker signaled that Europe’s avoidance of extra U.S. car tariffs might last only until year-end, the latest indication of the fragility of the trans-Atlantic truce reached in the summer. U.S. President Donald Trump agreed with Juncker at a meeting in Washington in July to hold off new duties while the two sides work toward reducing tariffs and non-tariff barriers on industrial goods shipped between the European Union and the U.S. “We had achieved that there will not be a new trade conflict over the summer months until the end of the …

Read the source article at Automotive News Europe

Goodyear honors expired blimp ride voucher 17 years later

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Keith Beckley won the chance in 2001 but for a variety of reasons he didn’t get to take the flight until Oct. 27.

Details of the game that September day in 2001 have faded from Keith Beckley’s memory.

He played linebacker and running back for Carrollton High School his senior year and his performance against Canton Central Catholic in The Repository’s initial First Down Showdown must have been solid because he was named most valuable player for the Warriors.

Beckley can’t recall if …

Read the source article at Home – The Repository – Canton, OH

Michelin to shut Dundee plant with loss of 845 jobs

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Dundee, UK – Groupe Michelin is to close its tire plant in Dundee, Scotland by mid-2020 with the loss of 845 jobs, the company informed employees there on 5 Nov.

The Dundee site, which opened in 1971, manufactures only 16-inch and smaller tires for passenger cars, explained a Michelin statement.

This market, it said, has faced serious difficulties in recent years due to a structural decline in demand for these tire sizes and competition from low-cost, entry-level products from Asia.

Read the source article at European Rubber Journal

Pirelli revives bias-ply production for its ‘Collezione’ vintage car tire range

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PADOVA, Italy — Pirelli Tyre is reviving production of bias-ply tires for classic car owners who are after the look and feel of tires used originally on their decades-old cars but built with modern materials and techniques for enhanced performance and…

Read the source article at Tire Business

Groupe Touchette Inc. Acquires Atlas Tire Wholesale Inc.

MONTREAL and MISSISSAUGA, ON, Nov. 8, 2018 /CNW Telbec/ – Groupe Touchette Inc., one of Canada’s largest tire distributors, has taken a major step toward completing its Canadian market coverage by acquiring Atlas Tire Wholesale Inc.—a recognized leader that boasts a strong presence in Ontario. The transaction was announced this morning to both companies’ employees and clients. No reorganization is planned, apart from a few adjustments that may be necessary, and the two companies will gradually integrate the Ontario market over the next year.

The acquisition of Atlas Tire Wholesale Inc. enables Groupe Touchette to expand its operations, mostly in Ontario. Atlas Tire Wholesale Inc. is a leading tire distributor to car dealerships and independent tire retailers and it operates three distribution centres in the Greater Toronto Area, namely in MississaugaScarborough and Vaughan, and a fourth one, also in Vaughan, of over 182,000 sq. ft. to be in operation in the spring of 2019, which will become Groupe Touchette’s largest facility. Atlas Tire Wholesale Inc. also has operations in Alberta, namely in Edmonton and Calgary, as well as in Delta, British Columbia. Up to now, Groupe Touchette had been distributing tires in the Ontario market under DT Tire and TireLink from five distribution centres—including one in Brampton to serve the Greater Toronto Area.

Groupe Touchette is, therefore, pursuing the implementation of its business plan, which is aimed at accelerating its growth in the Canadian tire distribution market. With the acquisition of Atlas Tire Wholesale Inc., Groupe Touchette forecasts sales revenues in the range of $550 to $650 million.

Read the source article at CNW | www.newswire.ca

Eight-in-ten winter tire owners say winter tires have saved them from loss of control or a collision: survey

A big majority of winter tire owners believe that driving a vehicle equipped with winter tires has saved them from being involved in a potentially hazardous driving situation.

 

Cambridge, Ontario, Nov. 08, 2018 (GLOBE NEWSWIRE) — Eighty per cent of winter tire owners believe driving a vehicle equipped with winter tires has saved them from being involved in a potentially hazardous driving situation such as loss of control or a collision, according to a new consumer survey commissioned by the Tire and Rubber Association of Canada (TRAC).

“Canadian drivers who have embraced winter tires have spoken and provided this very telling insight,” says Glenn Maidment, President of TRAC. “They confirmed what we already know—that the superior performance of winter tires has a place in Canada, and that their greater grip and significantly shorter stopping distances on all cold-weather road surfaces keep Canadians safer on winter roads.”

TRAC’s 2018 Canadian Consumer Winter Tire Study also found that 76 per cent of Canadian motorists now use winter tires. In comparison, TRAC’s 2017 study found 66 per cent of drivers were using winter tires.

Excluding Quebec, where winter tires are required by law, winter tire usage stands at 70 per cent. Last year’s study found 60 per cent of drivers were using winter tires outside Quebec.

This surge in winter tire usage is reflected in winter tire shipments across Canada, which have grown at an annualized rate of four per cent over the past five years. The significant increase in winter tire use is great news because it means our wintertime roadways are safer than ever as Canadians embrace the safety and performance advantages of winter tires.

The top motivations for purchasing winter tires, include: winter tire laws (34 per cent); advice from family and friends (17 per cent); lower auto insurance premiums (11 per cent), and positive media coverage (seven per cent).

“At 17 per cent, advice from family and friends represents a major driver when it comes to drivers switching to winter tires,” says Maidment. “So, we can effectively link the increases in winter tire utilisation directly with people sharing their positive experience with winter tires.”

Regionally, the 2018 study found:

  • 64 per cent of British Columbia drivers use winter tires
  • Alberta’s usage rate is 70 per cent
  • In Manitoba and Saskatchewan usage stands at 60 per cent
  • 69 per cent of Ontario drivers now use winter tires
  • In Atlantic Canada, where winter tire usage is surpassed only by Quebec, winter tire usage stands at 94 per cent

The most common reasons why three-in-ten drivers still resist winter tires are the belief that all-season tires provide enough traction (53 per cent), cost (18 per cent) and reduced driving in winter (15 per cent).

Full survey results are available at www.tracanada.ca.

The superior performance of winter tires is the result of advanced tread designs and rubber compounds. Winter tires feature softer tread compounds that retain flexibility even in extremely cold conditions. At temperatures at or below 7 degrees Celsius, the traction capabilities of winter tires provide greater grip on all cold-weather road surfaces and significantly shorter stopping distances.

In Quebec, provincial research shows universal winter tire use results in a five per cent reduction in road accident injuries and a three per cent reduction in deaths and serious injuries. (Source: Quebec Winter Tire Report, 2011)

Read the source article at Send Press Releases with GlobeNewswire