Shortages, price rises to follow tariffs on Chinese TBRs

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Cologne, Germany – Europe’s TBR market is likely to see shortages and price rises into early next year in response to the EU ‘s recent imposition of provisional tariffs on Chinese tires, according to Stephan Helm, chairman of German tire retail trades association the BRV.

“With the anti-dumping tariff situation that we have right now, a lot of the orders in the last quarter have stopped,” Help said at the Future Tire Conference, held 30-31…

Read the source article at European Rubber Journal

Giti focuses on ‘working with distributors’

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Giti Tire (USA) Ltd. continues to reap the benefits of its new plant and relocated technical center in Chester County, S.C.

Read the source article at Tire Business

Goodyear, Bridgestone joint venture to begin operations in July 2018

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Goodyear Tire and Bridgestone Americas announced that TireHub, a joint venture in passenger and light truck tire distribution, will begin serving customers the first week of July. The joint venture received clearance from all required regulatory authorities earlier this month, enabling the creation of one of the largest national tire distributors in the United States.

Read the source article at Traction News

Double Coin Tires Launches Sales Incentive Programs for Dealers

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Double Coin Tire and China Manufacturer Alliance (CMA) have launched OTR, IND and TBR incentive programs, effective immediately.

“We appreciate our dealer principles and owners and wanted to say thank you by offering incentive programs we believe will continue to build confidence in the quality of Double Coin tires and grow their business,” said Tim Phillips, vice president of marketing and operations for Double Coin.

Read the source article at Tire Review

Firestone Ag debuts farm radial for secondary tasks

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NASHVILLE, Tenn.—”Bridgestone Americas’ Firestone Ag business unit has added an affordable line of tires under the Performer EVO name that’s targeted for use in carrying out farming tasks that don’t require a top-line tire.

Read the source article at Rubber and Plastics News

Michelin Launches Axle-Drive Tire for Fleets Operating in ‘Extreme Conditions’

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Michelin North America is launching its most aggressive drive-axle tire, specifically made for energy sector and logging fleets operating in extreme conditions.

Available Aug. 1, the Michelin X Works Grip D tire is designed for on- and off-road use for fleets and owner-operators who are focused on traction to maximize safety, uptime and efficiency. This tire evolves from a client-centric co-creation process with drivers who travel the world’s most demanding roads.

Read the source article at Tire Review

Michelin and Maxion Wheels Receive 2018 CLEPA Innovation Award for Cooperation

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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.

Read the source article at Vancouver Sun

Nokian Tyres increases production at the Nokia factory, running four shifts

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.

Read the source article at news.cision.com

Goldman sees slightly easier China monetary policy amid trade tiff with U.S

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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.

 

Read the source article at Global Rubber Markets News

Nexeo Solutions Named Distributor in Canada for Cabot Corporation

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. …

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“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.”

Read the source article at Stock Market Quotes and News