ATD, Tirescanner.com Partner to Create New Tirebuyer.com

There’s a new Tirebuyer.com and it’s “an equity partnership between American Tire Distributors Inc. (ATD) and Tirescanner.com,” says Michael Welch, the new entity’s president and CEO.

“What was Tirebuyer.com before, as a brand and entity, was effectively a division of ATD,” Welch recently told MTD. “It’s now an independent business. 

“We’ve merged the assets of the two businesses into a new entity” that Welch says will combine the strengths and capabilities of both Tirescanner.com, the company he founded in 2018, and Tirebuyer.com’s existing platform.

Read the source article at Modern Tire Dealer

Bridgestone Celebrating 90 Years in Business

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Bridgestone celebrated the 90th anniversary of its founding on March 1, 2021.

 Read about the Bridgestone history.

Read the source article at Bridgestone Global Website

Continental invests in object recognition start-up

BERLIN (Reuters) – German automotive parts maker Continental AG said on Tuesday it had acquired a minority stake in German-U.S. start-up Recogni, as it deepens its expertise in autonomous driving technology.

The start-up is working on a new chip architecture for object recognition in real time based on artificial intelligence, Continental said, adding that it expects chip architecture rollout production in 2026.

Financial details were not disclosed.

Read the source article at reuters.com

Nexen’s Žatec factory produces first OE fitment tires

Tire manufacturer Nexen Tire has announced that its manufacturing plant in Žatec, Czech Republic, has produced its first OE tires, which will equip the Hyundai Tucson.

According to Nexen, operations at the plant have stabilized despite the current Covid-19 pandemic, and the company is looking to expand the plant’s roll in the supply of OE tires, leveraging its central European location, which gives it access to 30 car manufacturers within a 400km radius.

Read the source article at Tire Technology International

USTMA joins leaders of 50 associations in support of H.R. 5, The Equality Act

USTMA is proud to join leaders of 50 associations in support of H.R. 5, The Equality Act, affirming protections for LGBTQ Americans in the workplace and community.

Read the source article at U.S. Tire Manufacturers Association

Birla Carbon awarded third consecutive Gold rating by EcoVadis for Sustainable Practices

Birla Carbon has been awarded a Gold level rating for sustainable practices, for the third consecutive year by EcoVadis. With a score of 71%, Birla Carbon occupies the top 2% of the companies assessed from its industry sector. The rating was provided after reviewing Birla Carbon’s sustainability practices, based on Birla Carbon’s sixth sustainability report, Share the Strength: Working Together for a Sustainable Future.

Joe Gaynor, Chief Legal, Sustainability and Risk Officer, Birla Carbon shared, “With this third consecutive Gold rating, Birla Carbon continues to rank in the top of our industry and it is consistent with our drive to be the most respected, sustainable and dynamic global carbon black manufacturer. At Birla Carbon, sustainability is a group effort and involves each and every employee. We will continue to ‘Share the Strength’ through continuous innovation in the way we manufacture our products, support our communities and engage with our customers.”

Read the source article at Home | Carbon Black | Birla Carbon

Canadian devulcanization company turns old tires into new tires in the Netherlands

A Dutch investment portal “Invest in Holland” says that a Canada-based company Tyromer is now building a pilot factory in Arnhem to bring its circular rubber products to the European market. Specializing in the devulcanization of rubber from scrap tires, Tyromer will fine-tune and exhibit its recycling technology at its new Dutch facility in order to sell the process to third parties. The company is one of the first in the Netherlands to give this hard-to-process residual product a high-quality new life, making it a valuable addition to the Dutch circular economy. …

“Tyromer has a unique solution to a major problem: mountains of car tire rubber that cannot be reused. Companies such as Tyromer, which have solutions for societal challenges with smart technologies, are a welcome addition to the East Netherlands ecosystem. The fact that Tyromer is establishing itself at IPKW, where many companies are involved with energy and circularity issues, is good news for the activity in our region,” added René Brama, investment manager of Tech at Oost NL.

Read the source article at weibold.com

Sustainability agenda now a key priority for automotive sector

Sustainability will remain a key strategic agenda for automotive companies in 2021 and beyond, with over 75% of vehicle manufacturers focused on sustainability in 2020, according to GlobalData, a leading data and analytics company. Pirelli & C. SpA, Audi AG and Volkswagen AG were the top companies with mentions of ‘sustainability’ in their filing documents in 2020.

Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: “Several GlobalData surveys in 2020 found that consumers continued to be more environmentally conscious, which is undoubtedly influencing how companies move forward with this theme. In the automotive sector, Internet of Things (IoT), sustainability and electric vehicles (EVs) continue to be on top of the agendas for automotive companies. *Global production of EVs is likely to reach 7.6 million units by 2025, and tightening regulations are likely to force companies to focus on large-scale investments in sustainability and EVs, or face uphill challenges in the future.”

Read the source article at Home – GlobalData

Orion Engineered Carbons Announces Its 2021 Annual General Meeting

HOUSTON–(BUSINESS WIRE)–$OEC #AGM–Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it will hold its annual general meeting of shareholders on Thursday, June 24, 2021, at 2:00 P.M. Central European Time at the company’s office, located at 6, Route de Trèves, L-2633 Senningerberg (Municipality of Niederanven), Grand Duchy of Luxembourg. The company also set its record date for the admission of the company’s shareholders to its annual general meeting for April 29, 2021, at 11:59 P.M. Central European Time.

 

Read the source article at Home – Collision Repair Magazine

Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2020 Results

Mon., February 22, 2021, 7:04 a.m.·22 min read
 

Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2020 net income of $143 million, or diluted earnings per share of $2.83, compared with net income of $96 million, or $1.91 diluted earnings per share, for the prior year.

Full Year 2020 Highlights

  • Global unit volume decreased 13.0 percent compared to the prior year.

  • Net sales were $2.52 billion compared to $2.75 billion the prior year.

  • Operating profit was $231 million, or 9.2 percent of net sales, compared to $174 million, or 6.3 percent of net sales, in 2019.

Read the source article at Yahoo Finance