“Falken Says Tanks” Campaign Honoured with Special Design Award 2021

Falken and the digital marketing specialist Pixelgenau have been honoured with the German Design Award 2021 in the “Special Mention” category for the sales campaign “Falken says tanks”.

With this award, the top-class jury – comprised of design experts from industry and commerce, science, and design sectors – recognises the consistent design concept and its implementation. The members of the expert jury, originating from nine countries, award this seal of approval for innovative design, selecting recipients from around 5,000 entries in each category of the German Design Awards.

Read the source article at Falken Tyres

DuPont sees strong annual profit as auto sector recovers, signals more cost cuts | Reuters

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Oct 29 (Reuters) – Industrial materials maker DuPont on Thursday forecast full-year profit above Wall Street expectations as it kept a tight check on costs and benefited from a recovery in the automotive industry, one of it biggest markets. The company, which makes everything from brake fluid to fabric used in protective garments, has been cutting costs to battle weak demand in several industries due to the COVID-19 pandemic.

Read the source article at Business News

Michelin Revises Its Guidance for 2020 Upwards

Outlook for 2020: in a still highly uncertain environment, and taking into account the recent change in tire demand, Passenger car and Light truck tire markets are expected to decline by 13% to 15% over the year, Truck tire markets by between 12% and 14% and the Specialty markets by 15% to 19%. With these new forecasts and the cost reductions linked to the circumstances, the Group is revising its guidance for 2020 upwards, with segment operating income in excess of €1.6 billion at constant exchange rates and structural free cash flow* in excess of €1.2 billion, barring any new systemic effect** from Covid-19.

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Trelleborg Interim Report: July – September 2020

“During the third quarter, sales declined 12 percent, of which organic sales declined 7 percent. Exchange rate effects had a negative impact on sales of 5 percentage points. EBIT, excluding items affecting comparability, declined 4 percent, corresponding to an operating margin of 12.9 percent (11.7). The operating margin for our core businesses amounted to 13.7 (13.3). Operating cash flow, in relation to operating profit, was strengthened significantly. …

We see today that new local restrictions are being imposed as the spread of the infection continues. We foresee a tougher climate during the fourth quarter of the year, not least in the oil & gas segment, and a recovery in the aerospace segment will not occur until further into the future. We continue to adapt to the constantly changing conditions and we are doing this well. However, our general assessment in the current situation is that demand for the fourth quarter will be on a par with the third quarter”, says Peter Nilsson, President and CEO.

 

Read the source article at Trelleborg AB

Enviro expects final partnership agreement with Michelin during the fourth quarter

Scandinavian Enviro Systems (publ) and the French global tyre manufacturer Michelin assess that a final agreement regarding a strategic partnership is expected to be reached during the fourth quarter 2020 instead of before the end of October, which Enviro has previously communicated. The reason for the delay is the ongoing pandemic which has led to protracted negotiations.

Read the source article at news.cision.com

AirBoss Announces Acquisition of 100% Ownership of Airboss Defense Group

NEWMARKET, Ontario, Oct. 26, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that it has acquired the 45% minority interest in AirBoss Defense Group (“ADG”) that it does not currently own from Critical Solutions Holdings, LLC (“CSH”) (the “Transaction”). All figures USD unless otherwise noted.

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Continental pairs with startup to industrialize long-distance lidar

Among dozens of lidar companies pioneering technology that helps autonomous vehicles perceive the road ahead, many can build prototypes that effectively function. Few have production contracts that pave the way toward mass production. Lidar startup AEye joined the ranks of the latter Tuesday. Global supplier Continental said it had acquired a minority share in AEye. Together, the two companies intend to jointly develop the sensors and ready them for automotive production by 2024.

Read the source article at Automotive News Europe

Sustainable rubber ingredient maker Bolder in talks to go public: sources

(Reuters) – Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc GIX.N in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at close to $900 million, including debt, people familiar with the matter said on Monday.

It would be the latest deal by a blank-check vehicle, or special-purpose acquisition company (SPAC), for an environmentally focused business, following mergers for bioplastics company Danimer Scientific and Agricultural technology firm AppHarvest.

Read the source article at Reuters.com

Exec. Interview: Bill Caldwell, Continental’s Sr. VP of Sales

COVID-19 has affected tire manufacturers in a myriad of ways, and Continental Tire the Americas is no exception. While the company has made changes to its dealer program this year, they’ve shown resilience with the help of industry partners and have a big 2021 ahead.

Read the source article at Tire Review

Hankook Tire: Americans to Drive More During the Holidays

Three-quarters of Americans (74%) plan to travel for the holidays, however, they’re changing how and when they venture out. At the same time, apprehension about planning travel far in advance is on the rise, as only 16% of Americans are willing to commit to personal travel more than six months out.

Read the source article at Tire Review