Continental Names New Hoosier Tire President

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Following the acquisition of Hoosier Racing Tire Corp., Continental Tire the Americas has named John DeSalle president of Hoosier Racing Tire Corp.

In his new role, DeSalle will report to Jochen Etzel, CEO of Continental Tire the Americas and Hoosier Racing Tire Corp.

Read the source article at Tire Review

TIA to Induct New President at the Annual Membership Meeting

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The Tire Industry Association will induct Tom Formanek as its new president during its Annual Membership Meeting on Oct. 31 at the Tropicana in Las Vegas. Formanek will serve a one-year term.

Formanek, who is currently regional sales manager at Stellar Industries, got his start in industry at Unicover Inc. Over the years he also worked as sales and division manager for Collins, a division of DMC, prior to its purchase by Stellar.

Read the source article at Tire Review

GfK Adds Bridgestone Stores to POS Panel Tracking Tire Sales

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Bridgestone Americas, with 2,200-plus tire and automotive service centers in the U.S., has signed on as a charter data provider for GfK’s new point-of-sale tire panel. Bridgestone also will be among the first subscribers to GfK’s nationwide tire data, the company said.

Read the source article at Tire Review

Continental showcases truch tyre from dandelion rubber

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Continental has showcased Conti EcoPlus HD3, the first truck tyre made from dandelion rubber, which, the company claims, delivers the same performance as a tyre made from natural rubber obtained from conventional sources. Continental launched the first premium winter tyre in 2014 which features a tread made from pure dandelion rubber.

Read the source article at Rubber Asia

Uptrend in India’s NR output

The increasing trend in rubber production in India continues and the production of natural rubber during the month of September 2016 shows an increase of 20% in comparison to the production during the same period last year, reports Rubber Board, India.

Read the source article at Rubber Asia

Read Detailed Report from Rubber Recycling Symposium 2016

Tyre and Rubber Recycling has published an extensive article about Tire and Rubber Association of Canada’s Rubber Recycling Symposium that took place on October 5-7 in Niagara Falls, Canada. If you have missed this premiere rubber recycling industry event, the article will provide you with an overview of the latest in the recycling business, technology, and policy, as well as present a number of Canadian recyclers in detail.

Tyre and Rubber Recycling has circulation 4,300 copies four times per year, with a global reach, from UK and Scandanavia, to North America and Asia. Tyre and Rubber Recycling is a specialist magazine for the tire and rubber recycling industry. Launched in 2009, it has quickly become established as the leading European business journal for tire collectors, reproccessors and recyclers.

Read the source article at Bitly

Avon seeking new CFO, issues trading update

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Melksham, UK – Avon Rubber plc’s group finance director Andrew Lewis is to leave the group, the UK maker of rubber-based components and systems has announced.

Lewis, who was finance director for the last eight years, will oversee the preparation of the 2016 financial statements and step down on 30 Nov, according to an Avon statement issued on 18 Oct.

Read the source article at European Rubber Journal

Michelin eyes higher profits on lower costs

Michelin expects to report increased operating income this year, based in part on lower raw materials acquisition costs. Michelin expects to yield benefits of approximately $165 million in its third quarter financial report.

Read the source article at home.rubbernews.com

Bridgestone Americas Names Brian Zempel CFNA President

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Bridgestone Americas, Inc. (Bridgestone) announced the appointment of Brian Zempel as president, Bridgestone Credit Division, and chairman, CEO & president of Credit First National Association (CFNA), effective Oct.17. Zempel…

Read the source article at PR Newswire

Evonik Acquires Chemical Unit From Air Products

Evonik Industries AG agreed to acquire the performance-materials unit from Air Products & Chemicals Inc. in a $3.8 billion deal to increase U.S. sales of high-margin products used in coatings, insulation and household detergents.

The purchase of the materials and coatings-additives operations is expected to close by year-end, Evonik said in a statement Friday. The business has 1,100 employees and generates $241 million of earnings before interest, taxes, depreciation and amortization on annual sales of $1.04 billion, Air Products said in a separate news release.

Evonik Chief Executive Officer Klaus Engel is making the company’s biggest acquisition, gaining curing agents and plastic additives that generate profit margins of more than 23 percent.

Read the source article at Bloomberg.com