Kumho delisting from London Stock Exchange

South Korea’s second-largest tyre manufacturer, after Hankook Tire, said the reason for delisting its 76,034 shares traded on the LSE was to cut costs as financial losses continued to accumulate last year. The move would leave Seoul as the only market where its shares will be openly traded.

Kumho reported an operating loss of KRW89.9 billion (US$79 million) in 2018, with the fourth quarter marking the eighth consecutive quarter of financial losses for the company. Weak performance in the replacement market was given as the main reason for the losses.

Read the source article at Tyrepress

Bridgestone’s ‘high strength rubber’ wins environmental award

Hanover, Germany – Bridgestone Corp.’s high strength rubber’ (HSR) has won the “environmental achievement of the year” accolade at the Tire Technology International Awards earlier this month.

“This new polymer will drastically reduce the consumption of raw materials and energy,” said Toshio Nishi, emeritus professor at University of Tokyo and Tokyo Institute of Technology and member of the judging panel.

Read the source article at European Rubber Journal

Yokohama Tire’s Mobile Tire Specs App for Dealers Wins iF Design Award

The new Yokohama Tire specs app has received a 2019 iF Design award.

The app, which won in the iF Design’s service design category, is a mobile experience that enables and empowers consumer, commercial and OTR dealers to demo and showcase Yokohama products to customers based on their individual needs.

Read the source article at Tire Review

High-tech cars, partnerships driving BlackBerry’s rebirth, exec says

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BlackBerry’s growing footprint in the automotive sector is key to the company’s turnaround efforts as it transitions away from smartphones and seeks more joint ventures with automakers and parts suppliers. 

“Are we making partnerships with other companies? Absolutely,” said Kaivan Karimi, head of sales and marketing at BlackBerry Technology Solutions. 

The strategy could be paying off. In the quarter that ended Nov. 30, the Waterloo, Ont., company reported net income of C$59 million ($44 million U.S.) on revenue of C$226 million. That’s up from a net loss of C$275 million a year earlier. The company’s next quarterly report comes this month.

Read the source article at Front Page

Americas petrochemicals outlook, w/c March 11

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US olefins participants said there was more downward pricing pressure in the market as they await confirmation of the Westlake/Lotte chemical ethane cracker in Lake Charlies, Louisiana, coming online. Trade participants also said they expected Enterprise Products’ dehydrogenation unit in Mont Belvieu, Texas, to be back to normal operations this week. The company […]

Read the source article at Global Rubber Markets News

Giti Introduces GT Radial Maxtour LX Grand Touring Tire

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Giti Tire has announced the release of GT Radial Maxtour LX grand touring tire in North America.

With this release, the company aims at providing CUV and passenger car owners with a quiet, smooth ride, combined with better traction and handling. Most of the sizes offered will be produced at Giti’s manufacturing plant in Chester County, SC.

Read the source article at Autosphere.ca

Trelleborg to start expansion project at Czech plant soon

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Trelleborg, Sweden – Trelleborg AB is set to start construction on an expansion plan at its tire production facility in Otrokovice, Czechia ‘shortly’, according to a company spokeswoman.

“We recently got approval from the local authorities to start building and the construction work will start within short,” communications manager Karin Larsson said in a 13 March statement to ERJ.

Read the source article at European Rubber Journal

Canadian Tire, Fountain Tire, Pneus Unimax Named Canada’s Best Managed Companies

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Canadian Tire, Fountain Tire and Pneus Unimax, the parent company of the Point S brand, have been named to the Canadian Business Journal’s Best Managed Companies List.

Fountain Tire, located in Edmonton, was named to the publication’s list of platinum winners, a designation companies carry if they’ve been named to the list for more than seven years running.

Read the source article at Tire Review

Global reclaim rubber market poised to surge ahead

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Reclaim rubber is widely recognised as the third source of rubber after natural rubber and synthetic rubber. According to experts, reclaimed rubber use is expected to grow slightly faster than that of natural rubber and synthetic rubber in the future, thanks to its increasing applications in various end-use industries, unique properties such as excellent versatility and durability, easy availability of raw material, reduced processing costs, and little negative impact on the environment.

The increasing use of reclaim rubber in various industrial applications such as automotive and aircraft tyres, footwear, cycle tyres, molded rubber goods, belts and hoses …

Read the source article at Rubber Asia

Rubber weekly

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At the supply end, the main producing areas in Southeast Asia are in low-yield areas, the supply of raw materials is tight, and the inventory of processing plants is not high. The raw materials are actively stocked, the price of raw materials is strong, the price of US dollar cargo is firm, and the internal […]

Read the source article at Global Rubber Markets News