Cambridge, May 13, 2019 – Surging gas prices have made fuel efficiency a higher priority for Canadian drivers, according to a new national survey conducted by Leger in mid-April for the Tire and Rubber Association of Canada (TRAC).
Nine-in-ten drivers surveyed (92 per cent) say fuel economy is now a higher priority for them and 90 per cent understand that proper tire inflation maximizes mileage and reduces fuel costs.
Read the source article at Be Tire Smart
PARIS (Reuters) – French tire maker Michelin has agreed to buy telematics company Masternaut for an undisclosed amount, in a deal Michelin said would increase its presence in the field of customer services. Masternaut manages over 220,000 mostly light utility vehicles under contract, and Michelin’s takeover of the company was made on the basis of 8 times 2018 EBITDA (earnings before interest, tax, depreciation and amortization) before synergies.
Read the source article at reuters.com
Hanover, Germany — Continental Corp. has officially marked the construction of its new global headquarters in Hanover with the ceremonial laying of a foundation stone.
Placed inside the stone was a copper time capsule that contained a piece of rubber from the tire production facilities, a copy of the most recent employee magazine and a core component of electric vehicle power electronics developed by Continental.
Read the source article at European Rubber Journal
Sustainability and the circular economy. These two ideas are the focus of both global corporations and the media. Consumption of resources and the one-time use of tires pose a huge environmental challenge.
Millions of tires are cast off in landfills, and this global issue continues to grow daily. Compounding issues, tire companies today are forced to use only virgin rubber to create new tires.
Read the source article at Rubber and Plastics News
Bridgestone Americas announced that its Aiken County Off-Road Tire Plant (Aiken ORR), located in Trenton, South Carolina, has been awarded Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council (USGBC). LEED recognizes buildings that are designed, constructed, and operated for improved energy, environmental, and human health performance.
Read the source article at Traction News
Join us at the Tire & Rubber Summit 2019 on June 11 and 12 in Toronto, and don’t forget to take advantage of our preferred hotel rate at the event’s Toronto Airport Marriott Hotel.
Our group rate offer will expire on Tuesday, May 21, so take advantage and register prior to this date here: Book hotel (special event rate). If you prefer a phone reservation where you can speak to a live person, please call hotel reservations toll free: 1-800-905-2811 or 1-888-236-2427.
This year’s iteration of the Tire & Rubber Summit is all about technology. Our 2019 program brings you a list of relevant industry topics delivered by high-profile executive speakers from rubber companies, non-tire manufacturers, rubber compounders, suppliers, auxiliary businesses, and regulators.
Register now and find out all there is to know about the broad range of new disruptive technologies in automotive, manufacturing and materials development sectors, rubber material feedstocks, regulatory initiatives and outlook, and Canadian economic outlook.
Read the source article at Eventbrite
Marking its 100th anniversary, Citroën developed a special concept car, the 19_19 Concept – an autonomous, connected, electric vehicle. Goodyear was selected to create a bespoke tire for the application, which would deliver the performance required for this unique vehicle.
“Goodyear’s C100 concept tire was specifically designed for the Citroën 19_19 Concept vehicle. It features technology to deliver maximum comfort and efficiency for electric mobility and the intelligent capabilities needed to support an autonomous vehicle,” said Mike Rytokoski, chief marketing officer, consumer Europe at Goodyear.
Read the source article at Tire Technology International
Tokyo – The Yokohama Rubber Co. (YRC) has reported a 50.1% year-on-year decline in first quarter business profit at Yen5.8 billion (€47 million) on 0.2% higher sales of Yen149.5 billion.
In the tires segment, sales revenue for the first three months of the year fell 3.9% to Yen100 billion, due in part to a decline in sales volumes, Yokohama reported 14 May.
Segment profit dropped 81.6% to Yen1.4 billion, due to lower volumes and an increase in production costs associated with reduced production.
Read the source article at European Rubber Journal
MILAN — Pirelli C. & S.p.A. is planning to consolidate its operations in Brazil, with one possible plant closure in the offing and the commitment of $136 million in investments over the coming two years.
The “reorganization of production structure” would involve the transfer of motorcycle tire production to Pirelli’s plant in in Campinas, Sao Paulo — which currently manufactures car tires only — from its plant in Gravataí, Rio Grande do Sul, thus creating an industrial hub for car, moto and motorsport tires to serve the Latin American markets.
The move likely would result in the closing of the 43-year-old …
Read the source article at Tire Business
Effective 1 May, Woongchul Shin has taken on the role of general manager at Kumho Tire Europe, and as such is responsible for Kumho’s business in the German market. He succeeds Namwook Jung, who has relocated to Milan to head the Kumho Tyre Italia operation.
Read the source article at Tyrepress