Tire makers commit more than $7.3B on new plants, expansions

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AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.

The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.

Read the source article at Tire Business

Pirelli Partners With Fisker On New ‘EMotion’ Vehicle Launch

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Pirelli announced that it is working with Fisker Inc. to create advanced low rolling resistance tires for the new Fisker EMotion luxury electric vehicle, set to launch in late 2019.

Pirelli will develop summer P Zero tires in the following sizes for the Fisker EMotion: 285/35R24 (F) and 305/35R24 (R). The focus of this development will be on low rolling resistance, spirited handling and extra comfort due to tall sidewalls.

Read the source article at Aftermarket News

Bridgestone to benefit as part of £500 million Aston Martin UK-Japan trade deal

Aston Martin Lagonda has agreed a trade and investment deal between the United Kingdom and Japan worth up to £500 million over the next five years of its second century business plan. The investment program was announced by Dr Andy Palmer, Aston Martin president and chief executive officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May.

Read the source article at Tyrepress

Millennials like buying cars after all

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It seems millennials like cars just as much as their older brethren. Despite being pegged as the generation that shuns owning a car, millennials appear to like buying autos more than their Generation X counterparts did when they were younger. Consumers, ages 21 through 34, are taking out new auto loans at a 21 percent higher rate than Gen X borrowers did when they were that age, according to a study released Wednesday by TransUnion.

Read the source article at cnbc.com

Tire Retreading Market Is Expected to Witness Double Digit CAGR Growth over the Span of Next 10 Years

… The global tire retreading market is expected to witness increase in investment from tire manufacturers. Fluctuation in raw material prices may act as a restraining factor and cause fluctuations in the market growth. Oil is a key raw material for tire retreading and hence, any fluctuations in oil prices is capable of causing fluctuations in retreading tire market growth. Another issue that the tire retreading market is facing is quality and reliability.

Read the source article at SBWire

Michelin Introduces the Tire of the Future

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At this year’s Farm Progress show, which is taking place in the States, Michelin is showing off some of their latest tires, as well as the company’s plans for future agriculture tires.

“Tires are the only link between the ground and the machine,” said Laurent Le Dortz, director of marketing Michelin North America Agricultural and Compact product line. “Michelin is driving change through innovation. These prototype tires showcase our technical leadership in the agricultural industry and our commitment to customers to provide the best solutions for their challenges on and off the field.”

Read the source article at Autosphere.ca

Yokohama’s Geolandar picked as OE tire for new Jeep Compass

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Yokohama Rubber announced that it has begun supplying its “Geolandar G055” as original equipment for FCA US LLC all-new Jeep Compass, which went on sale in North America in June 2017. The new Compass will come factory-equipped with 225/55R18 98H size tires. In addition, YOKOHAMA’s “Geolandar SUV” is original equipment on the Jeep Compass that the automaker launched in China in late 2016. The “Geolandar G055” is an SUV tire based on the Company’s leading-edge “BluEarth” tire technology.

Read the source article at Traction News

Top rubber producers say Natural Rubber price trend not reflective of fundamentals

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KUALA LUMPUR: The region’s top traditional rubber producers – Thailand, Indonesia and Malaysia – believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it. ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports. A statement issued by the…

Read the source article at Global Rubber Markets News

Aliapur targets cement industry

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LYON, France—French scrap tire management company Aliapur is launching an international media campaign to promote the use of its tire shreds as an alternative fuel for the cement industry.

Read the source article at Rubber and Plastics News

Birla Carbon awarded EcoVadis gold rating

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ATLANTA—EcoVadis recognized Birla Carbon with a gold rating for advanced sustainable practice for the second consecutive year. The rating comes after a review of Birla Carbon’s sustainability practices after the release of its fifth sustainability report, “Our Progress on the Path to Sustainable Business.”

Birla Carbon’s score places it in the top 1 percent of more than 30,000 in all categories.

The firm said that in 2017, it aligned itself to the United Nations’ Sustainable Development Goals that are linked to the three key levers of its Sustainable Operational Excellence strategy—people, product and process.

Read the source article at Rubber and Plastics News