THE HAGUE, Netherlands — Michelin, one of the world’s largest tire makers and Maxion Wheels, the world’s largest wheel manufacturer, received a 2018 CLEPA Innovation Award at this year’s European Association of Automotive Suppliers (CLEPA) Innovation Award program. The jury recognized the two companies’ joint innovation efforts that resulted in the latest wheel invention, the ACORUS Flexible Wheel, with third place in the “Cooperation” category during the June 13, 2018 award ceremony.
Nokian Tyres plc is increasing its production capacity for passenger car tyres at the Nokia factory by approximately 30% by starting to run in four shifts. With this capacity increase, more than 80 new people will be hired for passenger car tyre production in Nokia.
SHANGHAI (Reuters) – Goldman Sachs (NYSE:) said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.
THE WOODLANDS, Texas, June 14, 2018 (GLOBE NEWSWIRE) — Nexeo Solutions, Inc. (NASDAQ:NXEO) and Cabot Corporation (“Cabot”) have expanded their agreement to distribute Cabot’s specialty carbon, fumed silica, fumed alumina, dispersion, and aerogel product lines in Canada. …
“Working with Nexeo Solutions to distribute our high-value products to customers has proven to bring numerous benefits to our customers,” said Bill Masterson, Cabot North American Commercial Director, Performance Chemicals segment. “We are pleased to expand our partnership with Nexeo Solutions and believe that working with a global leader that shares our drive for technical innovation will help deliver meaningful benefits to our customers in Canada.”
VANCOUVER, June 8, 2018 /CNW/ – North West Rubber Ltd, a leading manufacturer and distributor of recycled rubber solutions in North America, is pleased to announce that it will be opening a recycled rubber mat manufacturing facility in Houston, Texas in 2019.
TORONTO — Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that could devastate the car industry in Canada and lead to higher U.S. prices.
Minoo Mehta, president of BKT USA Inc., the U.S. subsidiary of India’s Balkrishna Industries Ltd. (BKT), discussed his company’s successes as well as the challenges ahead in an interview with Tire Business.
Q: How would you describe business thus far in 2018?
A: For BKT, it has been the best start this year compared to the last three years. Demand for BKT tires is primarily fueled by
Trelleborg, Sweden – Trelleborg is making a “substantial investment” at its Otrokovice tire production plant in the Czech Republic to increase utilisation rates at the facility, the company has told ERJ.
“We need higher capacity utilisation and… we are looking forward to a world-class manufacturing site with high-end production of radial agricultural tires and new production lines for OTR tires,” Trelleborg communications manager Karin Larsson told ERJ.
Amazon, UPS and others are exploring using drones to deliver packages to people’s doorsteps, but some companies are thinking bigger — autonomous cargo drones the size of small airplanes.
They are designing unmanned cargo airplanes to compete with short-haul trucks and small freight aircraft. They are testing prototypes and pushing for their large fixed-wing drones to play a key role in the next wave of logistics.
“Companies that can respond and be faster and more flexible will be the winners as the logistics landscape continues to change,” said David Merrill, co-founder of Elroy Air, a San Francisco startup working on a cargo drone prototype.
DETROIT — General Motors is seeing cost increases in steel and aluminum amid uncertainty regarding tariffs and trade with the United States. However, the company has not delayed any projects or plans. That’s according to GM CEO Mary Barra, who said if uncertainty continues, it “will eventually” have an impact on its operations.