Evonik starts up US tire-silicas plant

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Essen, Germany – Evonik Industries has started up a precipitated silica plant for the tire industry in South Carolina, the company announced 17 Oct.

The $120-million investment, it said, is in response to the high demand from the tire industry for precipitated silica in North America. It has created over 40 new jobs.

Read the source article at European Rubber Journal

Linglong confirms $300 million deal for Brazil, Paraguay

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Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.

Read the source article at Tyrepress

Michelin Acquires 2019 Naming Rights to Road Atlanta Racetrack

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Michelin North America has announced an agreement with Road Atlanta for exclusive naming rights of the racetrack. Beginning in 2019, the track will be renamed Michelin Raceway Road Atlanta.

This is the first time globally that Michelin has secured naming rights of a racetrack. Equally as significant, this agreement is the first entitlement partnership at Road Atlanta, which is situated about 100 miles from Michelin North America’s headquarters in Greenville, S.C.

Read the source article at Tire Review

Tire industry should prepare to adapt to automotive trends

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Akron, Ohio – The tire industry needs to continue to adapt as autonomous and electric vehicles become more popular, according to Jim Popio, vice president of operations in North America for Smithers Rapra.

Popio focused on developments driven in the automotive industry by ACES, or autonomous, connected, electric and shared vehicles in his presentation at the International Tire Exhibition & Conference in Akron 11-13 Sept.

Jim Popio, vice president of operations in North America for…

Read the source article at European Rubber Journal

Bridgestone Americas Announces New Executive Hires for Procurement, Enterprise Project Management

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Bridgestone Americas, Inc. announced new senior hires to lead business functions and better enable the company’s growth, Bridgestone says.

Rebecca Vest has joined the company as senior vice president, procurement and strategic sourcing partnerships, and Andrea Arrowsmith joins the tiremaker as its vice president of transformation initiatives and enterprise project management office (EPMO).

Read the source article at Tire Review

David Herro Comments on Continental

Continental (XTER:CON)’s stock price has fallen due to industry-wide concerns about auto production volumes and tariffs, but we believe the company has superior end-market exposures and a lower risk profile than many of its peers. Continental’s tire business accounts for about 45% of the company’s earnings, and we find that it generates solid margins and returns relative to industry peers. Replacement tires account for a large portion of segment earnings and …

Read the source article at Value Investing

ITEC speakers urge companies to think green

AKRON–Green business and economic practices, encompassing both manufacturing and recycling, are crucial to the continuing health and viability of the tire industry, speakers said at the International Tire Exhibition & Conference.

Read the source article at Rubber and Plastics News

Bridgestone tops 2018 global social media ranking

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Bridgestone has taken pole position in the 2018 Tyres & Accessories global social media ranking. The world’s largest tyre manufacturer’s @Bridgestone handle rose an impressive seven places to take first place from last year’s winner Michelin. Both @Bridgestone’s Klear and RightRelevance scores were of the highest order, with just three points separating them, resulting in a very high average of 87.7, which was ultimately three points clear of second place.

Read the source article at Tyrepress

Yokohama makes senior management changes

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Tokyo – Yokohama Rubber Co. Ltd has announced senior management changes effective as of 1 Oct.

Takashi Shirokawa has been given an additional role as head of the company’s Tire Materials Development department no.1.

This in addition to Shirokawa’s current roles as head of the Tire Materials Development division, head of R&D Center and head of R&D department.

Also, Osamu Mikami has gained an extra role as head of the company’s Hamatite and Electronic Materials division.

Read the source article at European Rubber Journal

USTMA Board Selects Goodyear’s McClellan As Board Chair

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The U.S. Tire Manufacturers Association (USTMA) announced the election of Stephen R. McClellan as chairman of the Board of Directors, for a two-year term starting Oct. 3. McClellan is president of The Goodyear Tire & Rubber Company’s Americas business unit.

McClellan succeeds Jim Hawk, chairman, Toyo Holdings of America, Inc., who served as USTMA’s board chair since 2016.

Read the source article at Tire Review