Ontario Supporting Businesses and Drivers in Northern Ontario

NORTH BAY – The Ontario government is providing drivers in the province with more options by allowing newer models of studded tires to be sold in Northern Ontario.

Parliamentary Assistant to the Minister of Transportation Kinga Surma and Nipissing MPP Vic Fedeli, were at Kal Tire in North Bay today to announce that Ontario is changing a regulation that prevented some new models of studded tires from coming to market. 

Read the source article at Newsroom

Reports: Kumho “struggling” to find CEO

Kumho Tire has been struggling appoint new company leadership after its previous chairman left following Doublestar’s purchase of the company.

According to Kumho Tire, the company will not appoint a new chairman at its pre-scheduled March shareholders meeting. Vice president Jeon Dae-jin will continue as the acting CEO in the interim.

Local news reports cite Kumho insiders as saying that Doublestar is working on finding a suitable candidate, but is “struggling” to find someone with the right combination of skill. According to the reports, in December Doublestar offered the role to former Korea Development Bank (KDB) senior vice president Lee Dae-hyun, but he declined following opposition from Kumho Tire’s union.

Read the source article at Tyrepress

Michelin shares surge after tyre maker pledges higher profits in 2019

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Shares in Michelin, which also reported better-than-expected results for 2018 late on Monday, were up 7.5 percent in early session trading. The stock was the best performer on France’s benchmark CAC-40 index.

“Michelin is able to sustain premium price points, while concurrently gaining market share – this is the perfect recipe for earnings growth,” analysts at Citigroup wrote in a note, keeping a “buy” rating on Michelin shares.

Read the source article at Stock Market Quotes and News

Conti adds to North American winter tire portfolio

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MONTREAL – Continental Tire the Americas has developed a directional winter tire, the VikingContact7, that it claims offers a balance of flexibility for slippery road conditions and stiffness for longer life.

Read the source article at Rubber and Plastics News

Marangoni acquires Leader Rubber majority shareholding

The Marangoni Group has acquired a majority shareholding, 51 per cent, in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The move is the latest development in the decade-long partnership between Leader Rubber and Marangoni. The Italian company acquired a 25 per cent share in the company in 2015 , a move it described as the “culmination of a partnership that has been ongoing for several years.”

Read the source article at Tyrepress

Smithers Rapra experts to speak on EV tires and silica tread compounds

At Tire Technology Expo Conference next month Smithers Rapra’s Bruce Lambillotte, VP of technical consulting, and Dr Dustin Jenkins, senior analytical chemist, will speak on two prevalent topics.

Lambillotte will present ‘The Impact of Electric Vehicles on Tires to YR2028’ at 11:10am on March 5. This session on the first day of the expo will review a recent Smithers market report that addresses how the growing electric vehicle market and changing mobility trends will affect the many aspects of tire performance.

Read the source article at Tire Technology International

New passenger car tire offering from Maxxis

Maxxis is celebrating the successful launch of two new passenger car tire lines in 2018.

“Last year was a great year for everyone involved at Maxxis, particularly in the car tire segment where we launched our high-performance sports tire the Victra Sport 5,” said managing director Derek McMartin.

Read the source article at Tire Technology International

Cooper Tire Says Abraham Lincoln’s Birthday is a Good Time to Learn the “Penny Test”

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FINDLAY, Ohio –(BUSINESS WIRE)–Feb. 8, 2019– February 12 marks the 210 th anniversary of Abraham Lincoln’s birth. America’s sixteenth president, Lincoln is memorialized on Mount Rushmore , Washington D.C.’s Lincoln Memorial and on the U.S. penny. While a penny may be worth one cent in currency, when it comes to tire safety the value of a penny can be much more.

Read the source article at Markets data

Goodyear unveils Vector 4Seasons Cargo tire for light trucks

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Goodyear unveils its newest addition to its light truck portfolio, the Vector 4Seasons Cargo tire. The new tire is a fuel-efficient, all-season tire, offering excellent performance and extended mileage compared to the previous model.

Drivers will feel safer on both dry and wet roads, thanks to shorter stopping distances and the improved stability and handling of the new Vector 4Seasons Cargo.

Read the source article at Traction News