Firestone Introduces New Forestry Tires

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The Firestone Forestry Special tire is available in sizes 16.9-24 to 35.5L32 through qualified service dealers.

Bridgestone has announced that two sizes (30.5L32 32PR and DH35.5LB32 30PR) of its Firestone Forestry Special tire now offer increased load capacity. The Firestone Forestry Special tire is designed to meet the severe service for forestry applications, which includes forestry skidders, feller bunchers and forwarders.

Read the source article at Autosphere.ca

Tire sales increase across Europe in 2016

BRUSSELS—All tire segments except replacement agricultural tires saw increased sales for the full year of 2016, according to the latest figures from the European Tyre and Rubber Manufacturers’ Association.

Replacement consumer tire sales rose 2 percent between 2015 and 2016, from 202.8 million to 206.7 million, ETRMA said in a Jan. 23 press release.

Original equipment consumer tire sales were up 3 percent from 83.6 million in 2015 to 86.1 percent in 2016, the association said.

 

Replacement truck tire sales increased 3 percent, to 9.8 million from 9.5 million, according to ETRMA. Meanwhile, OE truck tire sales inched up 1 percent, to 5.7 million from 5.6 million.

Replacement agricultural tires saw a 6 percent decrease in sales, to 1.4 million from 1.5 million, but motorcycle and scooter tire sales rose 4 percent to 9 million from 8.6 million.

ETRMA did not release figures for OE agricultural, motorcycle and scooter tires.

 

Although tire import figures weren’t complete for 2016, the first 11 months showed a major increase over 2015, ETRMA said.

As of the end of November 2016, passenger tire imports to Europe totaled 143.4 million, including 65.5 from China. This was up 16 percent from the 123.6 million imported tires in 2015, including 57.8 million from China, the association said.

Truck tire imports to Europe increased 13 percent between 2015 and the end of November 2016, ETRMA said. Imports through November 2016 totaled 7 million, including 4.4 million from China. In 2015, truck tire imports stood at 6.2 million, including 3.8 million from China.

Read the source article at home.rubbernews.com

Pirelli in 100 Pictures’ exhibition opens

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If a picture truly is worth a thousand words, then Pirelli has saved itself pages of prose by supplying the content for an exhibition currently being held in Italy. On 18 January, Archimede Library in Settimo Torinese opened the doors to the ‘Pirelli in 100 Pictures: Beauty, Innovation, Manufacturing’ exhibition, a visual glimpse into the company’s 140 years of history. The exhibition runs until 1 May.

Images displayed at the Archimede Library offer visitors a window on Pirelli’s industrial activities, technology and product development as well as its relationship with the arts, motorsports and the world’s best-known calendar. Photos taken within the tyre maker’s Settimo Torinese plant by Peter Lindbergh, author of the 2017 Pirelli Calendar, are also on public display for the first time.

The exhibition is curated by Fondazione Pirelli, which runs the Pirelli Historical Archives from where the material was picked, and is promoted and organised by Settimo Torinese commune with contributions from Pirelli and Fondazione ECM, the organisation that manages cultural facilities within the local area. The region of Piedmont and city of Turin are event sponsors.

Read the source article at Tyrepress

Continental marks successful 2016

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CONTINENTAL, the German premium tire manufacturer and international automotive supplier, has announced an 11% growth in net sales in the Middle East at its annual regional retail partner conference. In a fiercely tough market, where consumers seek premium design and value for money, this 2016 growth is testament to the ongoing support of the brand’s partners and customers’ recognition of the high quality of the tyres produced by Continental.

At the three-day conference, held in the United Arab Emirates in December, Continental also outlined its plans for the Middle East market in 2017, which included opening some 58 new retail outlets across the region. This increased investment will see a rise in numbers of staff, enhanced storage and distribution facilities and new products designed especially for the region.

Read the source article at Home – Saudi Gazette

Downside of weight reduction

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The most recent round of anti-dumping duties on the Chinese truck tyres by the US has put the Chinese producers into a difficult and costly technical challenge. When they try to re-direct their tyres away from N. America to the European markets, they need to remain competitive by taking weight out of the product while maintaining its structural and performance integrity.

When it comes to tyre manufacturing, tonnage throughput is quite critical to the economics of any production unit given the high capital cost of tyre manufacturing. Reduce throughput and the economics of the operation quickly look rather sick. Traditionally, the Asian countries have tended to produce tyres that are considered overly heavy by the European and N. American standards and for a good reason. In their domestic markets, often poor road surfaces and severe over loading make ‘over design’ essential; but with that comes significant extra-cost.

Read the source article at Rubber Asia

Bridgestone to acquire French tyre specialist Groupe

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Bridgestone Europe NV/SA, a key subsidiary of Japanese multinational tyre and rubber company Bridgestone Corporation, has announced its plans to purchase France’s largest independent tyre specialist, Groupe Ayme.

A successful acquisition will allow Bridgestone to support the development of the Groupe Ayme business, and further strengthen Bridgestone’s footprint in France while still maintaining the Groupe Ayme identity.

In line with this, Bridgestone Europe has entered into an exclusivity agreement with the shareholders of Groupe Ayme.

Read the source article at Rubber Journal Asia

Racing Tire Market Sales, Revenue & Industry Share for Michelin, Hankook, Yokohama Rubber, Goodyear And Other Manufacture To 2021

The Global Racing Tire Market by Manufacturers, Regions, Type and Application, Forecast to 2021 is a professional and depth research report on Racing Tire industry that would help to know the world’s major regional market conditions of Racing Tire Market, is the main region including North American, Europe and Asia etc., and the main country including United States, Germany, Japan and China etc..

Read the source article at wave3.com

Cabot Corporation (CBT) Receives Average Rating of “Hold” from Analysts

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Cabot Corporation (NYSE:CBT) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.80.

Several brokerages have recently issued reports on CBT. Zacks Investment Research upgraded shares of Cabot Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Aegis began coverage on shares of Cabot Corporation in a report on Friday, January 13th. They issued a “hold” rating and a $59.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $60.00 target price on shares of Cabot Corporation in a report on Monday, November 7th. Finally, TheStreet cut shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

In other Cabot Corporation news, insider Hobart Kalkstein sold 4,890 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $51.80, for a total transaction of $253,302.00. Following the completion of the transaction, the insider now owns 28,745 shares in the company, valued at approximately $1,488,991. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gottberg Friedrich Von sold 19,553 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.05, for a total transaction of $998,180.65. Following the transaction, the insider now owns 26,207 shares of the company’s stock, valued at approximately $1,337,867.35. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.

Read the source article at American Banking News

Growth Opportunity in Global Aerospace Tire Industry 2016-2021: Trends, Forecast, and Opportunity Analysis, May 2016

LONDONJan. 18, 2017 /PRNewswire/ — According to a new market report published by Lucintel, the future of the aerospace tire industry looks positive with opportunities in commercial, regional aircraft, general aviation, helicopter and military aircraft segment. The global aerospace tire industry is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The major growth drivers of this market are increase in aircraft delivery and increase in the frequency of flights.

In this market, radial and bias tire are the two types of tires. Lucintel predicts that the demand for radial tire is likely to experience the highest growth in the forecast period due to more durability and light weight, which increases life span of the aircraft tire. 

Within the aerospace tire industry, commercial aircraft is expected to remain the largest market during forecast period due to increase in deliveries of commercial aircraft and increase in the frequency of flights.

By market type, retrofit market is expected to remain the largest market during forecast period due to increase in the frequency of flights.

Read the source article at cbs8.com

Want winter tires on your rental car? Good luck

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Alberta is in the grips of winter, but consumers looking to rent a vehicle outfitted with winter tires to navigate the ice, slush and snow are largely out of luck. Rental companies in Alberta rarely install winter tires on their fleets, and the few companies that do often charge hefty fees. Of nine companies with locations in Edmonton contacted by CBC News this month, four operations had a small selection of vehicles outfitted with winter tires. The rest didn’t have any at all.

Read the source article at CBC.ca