TRAC Winter Tire Report: Winter Tires Prevent Hazardous Road Situations

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TRAC’s 2018 Canadian Consumer Winter Tire Study shows that 80 per cent of winter tire owners believe driving a vehicle equipped with winter tires has saved them from being involved in a potentially hazardous driving situation such as loss of control or a collision. The Study also found that 76 per cent of Canadian motorists now use winter tires.

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USTMA’s Anne Luke says sustainability efforts to continue

NIAGARA FALLS, Ontario—Economic development, social development and environmental protection are all key elements of sustainability for the U.S. Tire Manufacturers Association.

Read the source article at Rubber and Plastics News

GM CEO will keep ‘open mind’ on plant closings, acknowledges anger

WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan.

Read the source article at reuters.com

It’s boom time for rubber chemicals industry

The global rubber processing chemicals market is witnessing rapid expansion thanks to the increasing demand from the tyre and automotive industries and their application across diverse industries.

The tyre industry is the major consumer of rubber chemicals, holding over 70% of the market share. Use of rubber processing chemicals make tyres durable and provides them strength to withstand harsh environment. The demand from the tyre industry is projected to rise further with the expansion of the automotive industry.

Read the source article at Rubber Asia

Toyo Tires US to invest US$138m in Cartersville

Toyo Tire North America Manufacturing is to invest over US$138m in its factory in Cartersville, Georgia, USA, creating more than 150 jobs.

“As the number one state for business, Georgia offers the strategic resources necessary to retain dynamic companies and support industry leaders in long-term growth,” said Nathan Deal, governor of Georgia.

Read the source article at Tire Technology International

Rubber chemicals market to reach $5.3 billion by 2024

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CLEVELAND—The worldwide market for rubber processing chemicals is poised to grow 4.9 percent annually, from $3.63 billion last year to more than $5.31 billion by 2025, according to new research from Global Market Insights. The CAGR figure is in line with other markets reports on the rubber processing chemicals sector. Some studies, however, project …

Read the source article at Global Rubber Markets News

In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023

NEW YORK, Nov. 27, 2018 /PRNewswire/ — In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023.

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German automakers jump on potential U.S.-China tariff truce

BMW shares rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported U.S.-built cars shipped to the world’s biggest automotive market. Daimler and Volkswagen Group also rose sharply. BMW and Daimler, which export SUVs from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury automakers.

Read the source article at Automotive News Europe

U.S., Canada, Mexico continue brinkmanship on trade deal until signing

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BUENOS AIRES (Reuters) – The leaders of Mexico, Canada and the United States were due to sign a North American trade pact on Friday, although brinkmanship over the final details of the deal continued through the eve of the signing.

It was unclear what exactly the three countries would sign. They agreed on a deal in principle to govern the more than trillion dollars of mutual trade after a year and a half of acrimonious negotiations concluded with a late-night bargain just an hour before a deadline on Sept. 30.

Read the source article at Global Rubber Markets News

NEP believes Minnesota Rubber is in good hands with KKR

MINNEAPOLIS—Norwest Equity Partners has sold Minnesota Rubber & Plastics to KKR, a private equity firm that NEP believes will continue to invest in growing the rubber and plastics manufacturer.

Read the source article at Rubber and Plastics News