After successes in a large number of countries and industries, Magna Tyres Group announced that the company is expanding its worldwide network of offices and distribution with a new office on the North American continent, in Canada. This move makes it possible for clients in Canada and the U.S. to use the premium quality Magna Tyres products.
Members of Canada’s parliament want to question General Motors CEO Mary Barra about the automaker’s future in their country. The House of Commons Standing Committee on Industry, Science and Technology approved a request Tuesday to have Barra “come before committee and explain GM’s future and continued commitment to the Canadian automotive and manufacturing industry in Canada.” Ontario New Democratic Party member Brian Masse filed the motion, which was passed by the all-party committee.
WASHINGTON, DC – January 28, 2019 – The U.S. Tire Manufacturers Association (USTMA) today released its first U.S. industry sustainability report presenting its members’ collective progress and shared vision for a sustainable U.S. tire manufacturing industry.
“Sustainability drives our members’ business practices and operating principles,” said Anne Forristall Luke, President and CEO of USTMA. “From engineering innovations that maximize tire longevity and performance, to ensuring driver and employee safety, to preserving the environment throughout the life cycle of a tire, our members are continually looking for ways to improve the societal contributions of their products and operations.”
Bridgestone’s successful acquisition of TomTom Telematics follows earlier reports that both Michelin and Bridgestone were vying to buy the Telematics business unit from Netherlands-based company TomTom . In addition, according to Dutch financial daily Het Financieele Dagblad, Michelin was one of four in the running. For its part, Michelin was allegedly aiming to add the business into its Michelin Solutions portfolio.
DALLAS, Jan. 28, 2019 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) introduced the Eagle Exhilarate, a game-changing, ultra-high-performance product that delivers on consumer demands, particularly wet performance. The all-new Eagle Exhilarate will offer outstanding…
Increasing carbon black capacity an industry priority, latest Smithers Rapra research shows
According to The Future of Carbon Black to 2023, a new market report from Smithers Rapra, increasing carbon black production capacity is an industry priority for the five years to 2023. More than 70% of all carbon black produced is used in the production of tires, and demand for the fossil fuel-based rubber reinforcing agent continues to grow in relation to increasing global vehicle and tire demand. Industrial and middle class growth in emerging markets is driving the need for greater carbon black supply.
Data from the new Smithers Rapra market report estimates global carbon black demand at around 12.03 million tons in 2013. The market will increase to a projected total of 14.55 million tons in 2018. Across the same time period the projected value in the market has risen from $18.1 billion to $19.9 billion.
Global demand for carbon black is forecast to increase to reach almost 18 million tons in 2023, an average year-on-year increase of 4.3%, Smithers Rapra data shows. Total value will increase significantly faster and the market will be worth $30.4 billion. The market is driven primarily by continued large investments in capacity for passenger vehicle tires and light truck tires, and a stable replacement market. Carbon black has a stable growth profile, with a compound annual growth rate (by volume) of around 3.9% during 2013–18.
Several key trends are driving the increased demand for carbon black globally.
Changes in the tire market
Because the tire industry consumed 73.5% of the global volumes of carbon black in 2017, changes in the tire manufacturing industry are putting new pressures on carbon black producers. In the US, capacity utilization in all sectors of tire production is in the 70%–80% range, but tire size and structure are changing. Tires are getting wider with smaller sidewalls, which creates more demand for tread blacks, and less demand for carcass carbon blacks. The most popular rim size has increased from 14-16 inches and reached 18 inches in 2018.
There is a trend toward merger and acquisition (M&A) activities in the carbon black industry worldwide. The growing consolidation within the carbon black industry is inevitable to meet market demand for quality products at competitive pricing. This benefits larger suppliers.
The top three carbon black producers are Cabot, Aditya Birla and Orion Engineered Carbons. In
2017 these three companies produced around 39.2% of global supply. To meet growing demand, Cabot has strengthened its position with multiple expansion projects, while Aditya Birla has doubled its capacity by acquiring Columbian Chemical’s assets. The India-based firm is now present in 12 countries with 17 manufacturing facilities.
For Chinese producers the emphasis is more on increasing operating rates and realizing higher pricing and profit margins. However, still more new carbon black production capacity is required to meet the growing demand during 2018–23.
Environmental issues and government regulations
Environmental issues and national government regulations are playing an important role in the M&A activity, shifting production sites around the world; as does a renewed focus on lean manufacturing. In the US, for example, the five major domestic carbon black makers have signed consent agreements with the Environmental Protection Agency (EPA) – three of them in 2017 – to reduce toxic emissions from their plants. The expense of complying with these environmental consent agreements will hamper investment in production capacity to the end of the current decade.
Shifting trade patterns
The international market in carbon black trading across 2013–23 will experience change. Most significantly, since 2015 North America has become a net importer, due to an increase in demand for carbon black based on reinvigorated domestic tire production. Since 2015 the Middle East has switched from net imports to exports. New production facilities in Saudi Arabia and the United Arab Emirates have created a surplus of carbon black for exporting within the Middle East, and beyond its borders to Africa and Western Europe.
China was the leading global exporter of the commodity, and this is expected to continue during 2018–23. Thailand and Indonesia are its main trade partners, followed by India, Japan, Korea and Vietnam. Recently, China has started to export more carbon black to the US, Western Europe, Poland and Turkey. This has led to protectionist measures – anti-dumping measures in some countries – most recently in India and the US.
For more information about Smithers Rapra’s The Future of Carbon Black to 2023 market report, visit: https://www.smithersrapra.com/market-reports/tire-industry-market-reports/the-future-of-carbon-black-to-2023.
More Networking, More Training, More Business Opportunities, & More Excitement
ISRI’s Annual Convention & Exposition is known as the place to be to find the hottest industry trends, identify the newest growth areas in tire and rubber, and get a pulse on the latest technology. But 2019 will be like none other! Here are a few of the brand-new features ISRI is rolling out to make ISRI2019 the best convention ever:
New Networking Opportunities
From morning sports and activities to late-night networking gatherings at some of L.A.’s hottest locations, ISRI2019 brings you nonstop networking like you’ve never seen before.
New Award Winning Sales Training
Award-winning professional speaker and sales trainer Hal Becker will share his expertise with ISRI2019 during a 3-hour intensive seminar that will help you drive your business in 2019 and beyond.
New Interactive Floor Map
Already live and ready to check out, the exhibit floor map allows you to explore the hundreds of ISRI2019 exhibitors and start planning which booths to visit (Those interested in exhibiting can also select from the few remaining spaces available).
For more information and to register visit ISRI2019.org.
Los Angeles, April 8-11, 2019
In the first year of its crash course in all things Falken Tire, Sumitomo Rubber Industries North America hosted more than 1,500 tire dealers at its headquarters in Rancho Cucamonga, California for Falken Academy.
The quarterly, two-day class, started at the beginning of last year, allows dealers to gain in-depth knowledge of the brand’s product lines as well as get a better understanding of the company’s history, marketing efforts and dealer support services through classroom and driving activities. In 2019, Falken will continue its academy, featuring new products, new on-track driving exercises and more interactive classroom sessions …
(Reuters) – U.S. auto sales in January are expected to fall about 1 percent from the same month in 2018, partly due to uncertainty around government shutdown causing some customers to delay purchases, according to industry consultants J.D. Power and LMC Automotive. Total vehicle sales in January are estimated to be about 1,141,300 vehicles, the consultancies said on Tuesday.
Puck and player tracking coming to NHL next season Stephen Whyno, The Associated Press 12:50 PM Jan 25, 2019 at 12:50 PM Puck and player tracking is coming to the NHL next season. Commissioner Gary Bettman announced the long-expected news Friday during All-Star Weekend in San Jose, California. The league is partnering with German company Jogmo World Corp. to put microchips on player jerseys and inside game pucks. Real-time data will be gathered by antennas in all 31 NHL arenas.