Hankook opens Cmf Lab for research in industrial tire design

Hankook has launched its CMF Lab – a database dedicated to the research and categorization of current design trends relating to color, material and finish (CMF). The CMF Lab is part of Model Solution, a company in the Hankook Technology Group, which supports tire manufacturing with creative future-oriented concepts. The CMF Lab will work together with the British design studio, Chris Lefteri Design.

Read the source article at Tire Technology International

Insider Buying Reaches a 10-Year High

A quick look at the activity of insiders in the last 30 days gives reason to believe that company executives are betting on the respective companies they represent like never before. This could be an indication of the equity market performance in the coming years. The subject of this analysis is to interpret the current trend of insider buying and selling using empirical evidence.

 

Read the source article at Value Investing

Cabot withdraws 2020 earnings guidance

Boston, Massachusetts – Cabot Corp. has withdrawn its financial guidance for fiscal year 2020 and is reducing planned capital expenditure in response to Covid-19 pandemic.

Despite a “solid” second quarter, ending 31 March, Cabot said it is withdrawing the outlook as future demand for the company’s products remain uncertain.

In addition, in order to maximise free cash flow, Cabot is looking to reduce previous plans for capital spending, said CEO and president Sean Keohane in a statement 30 March.

Read the source article at European Rubber Journal

Europe’s auto industry sees unprecedented crisis following production losses

Europe’s automakers are calling for immediate support from the European Union and member states after suffering a production loss that could render companies short of cash in just weeks. In a statement on Tuesday, industry association ACEA demanded “strong and coordinate action” to aid manufacturers, their suppliers and dealers who face a “severe” financial hit.

Read the source article at Automotive News Europe

Global NR demand set to fall in 2020

Kuala Lumpur – The Association of Natural Rubber Producing Countries (ANRPC) expects the world consumption of natural rubber to fall 1.5% this year, after a sharp decline in demand in the first quarter.

In its monthly trends update published 30 March, the ANRPC said it estimated the global consumption to drop to 13.53 million tonnes for the whole year, down from the an earlier estimate of 1.2% growth in February.

Read the source article at European Rubber Journal

TIA creates coronavirus resources page on website

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BOWIE, Md. — The Tire Industry Association has added a coronavirus (COVID-19) resources page to its websitetireindustry.org.

The COVID-19 page is for use by TIA members and others as they navigate the impact of the pandemic, TIA said.

“TIA created this resources page in response to the high volume of questions we have been getting from members concerned about how new federal and state regulations impact them,” TIA CEO Roy Littlefield said.

Read the source article at Tire Business

Triangle tire plants in China back to near full production

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Franklin, Tennessee — Triangle Tyre Co. Ltd.’s tire plants in China are back to operating near full capacity after a lull created by the Chinese New Year and subsequent coronavirus shutdown.

“With much uncertainty about how the coronavirus pandemic will affect global tire production, we are grateful that the four Triangle plants are now operating at above 90% capacity,” Triangle Tire USA CEO Manny Cicero said.

Read the source article at European Rubber Journal

Titan to keep US facilities operating as normal

Titan International, which manufactures Titan Tires, Titan Wheels and Goodyear Farm Tires, has announced its intentions to keep its USA manufacturing plants operating as normal as part of its bid to help the national food and agriculture industries maintain operations during the COVID-19 outbreak.

Read the source article at Tire Technology International

Industry veteran Steve Hutchinson founds marketing, sales agency

HUNTINGTON BEACH, Calif. — Tire industry veteran Steve Hutchinson has founded Tire Brands America (TBA), a sales and marketing agency for foreign-sourced brands that don’t have a U.S.-based sales team and/or who may be underserved in terms of sales and marketing.

Read the source article at Tire Business

WorkSafeBC is Helping Employers Address COVID-19 in the Workplace

During the COVID-19 outbreak, WorkSafeBC is committed to providing the essential services that workers and employers around the province rely on, which includes helping employers prevent workplace injury, illness, and disease

Workplace inspections play a critical role in ensuring workplaces are healthy and safe. During this situation, we will continue our work with employers and workers to help them take the necessary steps to protect those who remain at work, including preventative measures to slow the progression of COVID-19. Wherever possible, we will explore alternative approaches when connecting with workplaces, including remote inspections.

 

Read the source article at WorkSafeBC