Amit Deshpande appointed as Sales Director-Africa at Cooper

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Amit Deshpande has been appointed as Sales Director for Africa at Cooper Tire and Rubber Company Europe Limited. He has over ten years of experience in the rubber industry.

In his new position, Deshpande is entrusted with supporting product development with region-wise specifications and identifying sales leads within the region.

Read the source article at Rubber Asia

Bridgestone named to two MSCI indices

Two of the newest Environment, Society and Governance (ESG) indices developed by investment research firm MSCI recognise Bridgestone Corporation for its commitment to corporate social responsibility. The tyre and rubber products manufacturer features on both the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN).

Both indices are based on the MSCI Japan IMI Top 500 Index, a parent index, which includes large, mid and small-cap securities in the Japanese markets. The MSCI Japan ESG Select Leaders Index is designed to highlight companies with strong ESG performance. As of June 2017, 251 companies have been included in the index.

Read the source article at Tyrepress

Goodyear to Announce Second Quarter 2017 Financial Results

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AKRON, OhioJuly 20, 2017 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2017 financial results on Friday, July 28, to be followed by an investor conference call at 9 a.m.

Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; and Laura K. Thompson, executive vice president and chief financial officer. 

Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

 

Read the source article at PR Newswire

Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll

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…A Reuters/Ipsos poll released on Tuesday found 70 percent of Americans think it is “very important” or “somewhat important” to buy U.S.-made products.

Despite that sentiment, 37 percent said they would refuse to pay more for U.S.-made goods versus imports. Twenty six percent said they would only pay up to 5 percent more to buy American, and 21 percent capped the premium at 10 percent.

Read the source article at reuters.com

Nexen Tire and Mubadala Investment Company Sign Memorandum of Understanding

SEOUL, South KoreaJuly 19, 2017 /PRNewswire/ — Nexen Tire, a leading global tire manufacturer and Mubadala Investment Company (Mubadala), the Abu Dhabi strategic investment fund, today signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

Nexen Tire is one of the fastest growing companies in the automotive industry, with a compounded annual growth rate of 15% over the past ten years. The company sells 40 million tires to more than 140 countries annually, with more than 4 million tires sold throughout the Middle East.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi on July 19th.

Read the source article at PR Newswire

Falken signs sponsorship deal with Liverpool FC

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RANCHO CUCAMONGA, Calif. — Sumitomo Rubber Industries Ltd.’s (SRI) Falken tire brand has become a global partner and official tire partner of the Liverpool Football Club soccer team.

Read the source article at Tire Business

Goodyear names Thune to procurement position

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AKRON — Goodyear has promoted Maureen Thune to chief procurement officer, succeeding the retiring Mark Purtilar.

Ms. Thune, an eight-year Goodyear veteran, now is responsible for sourcing and procurement of all raw materials, equipment, supplies and services across the company globally.

Since 2009, Ms. Thune has served in a variety of financial leadership roles with Goodyear, most recently as vice president of internal audit.

Read the source article at Tire Business

Arkema expanding bio-based TPE production

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Paris –  Arkema SA is to increase its global production capacity for its Pebax polyamide-polyether thermoplastic elastomers (TPEs) by 50%, the French group announced 11 July.

The expansion, which is focused particularly on Arkema’s amino 11-based Pebax RNew TPEs, is part of a wider investment programme in bio-based polyamide materials.

Overall, Arkema said it plans to invest €300 million over five years in the bio-sourced nylon 11 chain to increase its global production capacity by 50%.

Read the source article at European Rubber Journal

New CEO for Pirelli Deutschland

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Pirelli has named Michael Wendt the head of its sales and production business in Germany. He takes over the position of chief executive officer at Pirelli Deutschland GmbH today, succeeding Frank J. Delesen. The tyre maker reports that Delesen has left the company due to personal reasons.

Read the source article at Tyrepress

SoftBank, GM invest $159 million into driverless car start-up Nauto

SoftBank and General Motors are among a group of companies that invested $159 million into U.S. driverless car start-up Nauto on Wednesday. Palo Alto, CA-based Nauto makes cameras that sit inside of the car pointing at the driver, and outside of the vehicle looking at the road. They can track driver behavior in real time, and know if they are distracted. It uses computer vision, which is a form of artificial intelligence, to capture and process all of the data.

Read the source article at cnbc.com