Huayi Tire Opens New Facility in B.C.

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Huayi Tire Canada has announced the opening of their first Canadian commercial tire distribution centre in Vancouver, British Columbia.

“Vancouver is the first point of entry for Asian products into North America, and it is the perfect location to open our first OTR and commercial truck tire distribution centre,” said John Hagg, Vice President of Sales and Operations for HTC. “This new distribution centre is the backbone of our expansion beyond our Factory Container Direct Program. Our mission is to support the immediate needs of our commercial tire dealers as well. A container of tires can take as long as 90 days and sometimes longer to get to a customer. Our new Vancouver facility will get commercial and OTR tires to them much sooner – within 7 to 10 days, even to our customers in the Eastern Provinces.”

The new facility has the capacity to inventory 15,000 tires, and will receive shipments of several thousands of OTR and TBR tires each month.

Read the source article at Autosphere.ca

Hankook Sound Absorber: Keeping the Peace

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There’s no question that a big part of the luxury auto experience is a quiet ride, but it can be difficult to achieve when the vehicle’s characteristics call for performance tires. Hankook says it has addressed the problem with its new Sound Absorber technology, which will be used on OE tires for Audi’s Q model line.

Hankook says the technology is currently only available in its Ventus S1 evo. SUV, but is in the process of applying it to other sizes and products. These will mainly be UHP tires with low aspect ratios.

Read the source article at Autosphere.ca

Goodyear Tire profit falls 27.2 pct as sales slip

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(Reuters) – Goodyear Tire & Rubber Co (GT.O), the largest U.S. tire maker, reported lower-than-expected quarterly sales as demand for tires weakened, and slashed its full-year forecast for tire unit sales and segment operating income.

Shares of the company fell as much as 13 percent to $31.00 in early trading on Friday, marking their biggest intraday percentage drop in nine months.

“Our second quarter results reflect the impact of volatile raw material costs and an increasingly challenging competitive environment, particularly in the United States and Europe,” Chief Executive Richard Kramer said on Friday.

Read the source article at reuters.com

Large tires find second lives through recycling efforts

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Kal Tire is removing tires from the scrap pile through a new program to shred and reuse massive Off-the-road tires.

Tires are the foundation of transportation in North America – quite literally. Estimates from 2015 suggest that in the United States and Canada there are around 300 million passenger vehicles on the roads. Some simple math suggests that this number means there are some 1.2 billion tires in contact with road surfaces at any particular time.

Read the source article at Traction News

Michelin: Sales up 7.5% in H1 2017

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During the first half of the year, Michelin increased both sales and net income on the back of higher volumes. Net sales were up 7.5 per cent to 11.1 billion euros in the six months to 30 June, and while operating income declined 0.8 per cent year-on-year to 1.4 billion euros (with the margin down 1.1 per cent to 12.6 per cent), the tyre maker described this result as “stable and in line with the Group’s roadmap.” Net income rose 12.2 per cent to 863 million euros.

Read the source article at Tyrepress

Report: Kumho Tire deal one step closer to completion

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Seoul – Kumho Tire creditors, led by the Korea Development Bank (KDB), have announced that they will accept a proposal by chairman of Kumho Asiana Group Park Sam-koo to end a dispute over the sale of a 42.01% share of the tire company to China’s Qingdao Doublestar Tyre Co.

According to local press, the KDB announced on 26 July that creditors will accept the proposal by Park to pay 0.5% of sales as the trademark royalties for 20 years.

Read the source article at European Rubber Journal

U.K. wants to ban sales of internal-combustion vehicles by 2040

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The U.K. became the latest European country to mark the end of the line for diesel- and gasoline-fueled cars, as automakers race to build electric vehicles or face the consequences of getting left behind.

In London, the government said it will ban sales of the vehicles by 2040, two weeks after France announced a similar plan to reduce air pollution and become a carbon-neutral nation.

Read the source article at driving.ca

TP Commercial Solutions Opens New North American Headquarters In San Diego

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TP Commercial Solutions LLC has announced it will have a new office headquarters in San Diego, as of Sept. 1. The company’s move will allow for its expansion in the U.S. and Canada for truck, agricultural and off-road tires. TP Commercial Solutions LLC is part of Prometeon Tyre Group, the fourth largest commercial tire group in the world.

Read the source article at Aftermarket News

Goodyear reports 82% reduction in emissions

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Akron, Ohio – Goodyear Tire & Rubber Co. has reduced its releases into the environment by 82% since 2010, according to the company’s CRS report.

Reporting on the company’s performance last year, the Akron-based tire-maker said in 2016 there were three reportable releases to the environment at its manufacturing operations, two of which were “quickly controlled with minimal or no impact to the environment.”

Read the source article at European Rubber Journal

Continental Named a Best Place to Work in S.C.

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Continental Tire has been named one of the “Best Places to Work in South Carolina”. The award, created by SC Biz News in partnership with the South Carolina Chamber of Commerce and Best Companies Group, recognizes and honors the best employers in the state of South Carolina, benefiting the state’s economy, workforce and businesses.

“We are excited to be recognized for the fourth time as a Best Places to Work in South Carolina,” said Rick Ledsinger, vice president of Human Relations for Continental North America. 

Read the source article at Tire Review