Nexen Wins Design Awards

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Two of Nexen Tire’s products have won the International Design Excellence Awards (IDEA).

The winners of the IDEA 2017 are ‘N’FERA AU7,’ a commercially available tire product, and ‘BREATHRE’, a future-oriented conceptual tire.

‘N’FERA AU7’ is an ultra-high performance (UHP) tire developed for high-ends sedans. ‘BREATHRE’ is an air purifying concept tire designed to contribute to reducing the recent environmental problems such as air pollution and fine dust.

Read the source article at Autosphere.ca

Report: OTR tire market to grow steadily

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Leatherhead, UK – The global market for off-the-road tires will enjoy a five-year compound annual growth rate of 4% by volume and 5.2% by value, according to a new report from Smithers Rapra.

“The Future of Off-the-Road Tires to 2022″ is Smithers’ critical analysis of the key factors shaping the global OTR tire market, the company said in a 24 July press release.

According to the report, more than 3.7 million tonnes of OTR tires will be sold worldwide in 2017, with a value of $24.8 billion…

Read the source article at European Rubber Journal

Amit Deshpande appointed as Sales Director-Africa at Cooper

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Amit Deshpande has been appointed as Sales Director for Africa at Cooper Tire and Rubber Company Europe Limited. He has over ten years of experience in the rubber industry.

In his new position, Deshpande is entrusted with supporting product development with region-wise specifications and identifying sales leads within the region.

Read the source article at Rubber Asia

Bridgestone named to two MSCI indices

Two of the newest Environment, Society and Governance (ESG) indices developed by investment research firm MSCI recognise Bridgestone Corporation for its commitment to corporate social responsibility. The tyre and rubber products manufacturer features on both the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN).

Both indices are based on the MSCI Japan IMI Top 500 Index, a parent index, which includes large, mid and small-cap securities in the Japanese markets. The MSCI Japan ESG Select Leaders Index is designed to highlight companies with strong ESG performance. As of June 2017, 251 companies have been included in the index.

Read the source article at Tyrepress

Goodyear to Announce Second Quarter 2017 Financial Results

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AKRON, OhioJuly 20, 2017 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2017 financial results on Friday, July 28, to be followed by an investor conference call at 9 a.m.

Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; and Laura K. Thompson, executive vice president and chief financial officer. 

Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

 

Read the source article at PR Newswire

Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll

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…A Reuters/Ipsos poll released on Tuesday found 70 percent of Americans think it is “very important” or “somewhat important” to buy U.S.-made products.

Despite that sentiment, 37 percent said they would refuse to pay more for U.S.-made goods versus imports. Twenty six percent said they would only pay up to 5 percent more to buy American, and 21 percent capped the premium at 10 percent.

Read the source article at reuters.com

California to push for law promoting tire-recycling

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California plans to boost the tire-recycling rate by pushing for legislation with USTMA support. AB 509, sponsored by Assembly Member Jim Frazier, would change the current state tire recycling grant program into an incentive program to help expand the use of tire-derived material. The measure also includes a provision to give Cal Recycle, the state scrap tire regulatory agency, authority to impose an additional tire fee on tire dealers to cover program administrative costs.

Read the source article at Traction News

Nexen Tire and Mubadala Investment Company Sign Memorandum of Understanding

SEOUL, South KoreaJuly 19, 2017 /PRNewswire/ — Nexen Tire, a leading global tire manufacturer and Mubadala Investment Company (Mubadala), the Abu Dhabi strategic investment fund, today signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

Nexen Tire is one of the fastest growing companies in the automotive industry, with a compounded annual growth rate of 15% over the past ten years. The company sells 40 million tires to more than 140 countries annually, with more than 4 million tires sold throughout the Middle East.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi on July 19th.

Read the source article at PR Newswire

All 50 States Get on Board with Tire Safety in Driver’s Ed | News | Car and Driver

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More than two years ahead of their target date, Michelin and the Fédération Internationale de l’Automobile (FIA) have secured commitments from all 50 U.S. states to include consistent tire-maintenance and safety information in their driver education programs. Michelin North America chairman and president Pete Selleck told C/D that it had once seemed like a daunting feat for the tire maker and the FIA, which partnered on a Beyond the Driving Test initiative with the goal of having all 50 states on board by 2020.

“We thought that was aggressive, and then we went to work and discovered some interesting allies in the fight,” Selleck said. Not only was support found in the traffic-safety community, but the states themselves also proved to be key partners, he said. 

Read the source article at Car News and Photos

Falken signs sponsorship deal with Liverpool FC

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RANCHO CUCAMONGA, Calif. — Sumitomo Rubber Industries Ltd.’s (SRI) Falken tire brand has become a global partner and official tire partner of the Liverpool Football Club soccer team.

Read the source article at Tire Business