Shifting trends impact truck tire, retread industries

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Despite all of the marketplace challenges, commercial tire dealers and retreaders are very optimistic about the future, as am I.

Read the source article at Tire Business

Goodyear On TireHub: ‘This Is Just A Next Step’

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From Tire Review

By Patti Renner

On April 16, Bridgestone Americas Inc. and Goodyear Tire & Rubber Co. announced the birth of TireHub, a new 50/50 joint venture intended to consolidate both tiremakers’ U.S. distribution channels into a single organization focused on providing replacement tires for passenger and light truck vehicles to tire dealers and retailers across the country.

Read the source article at Aftermarket News

Leave it to NASA to Reinvent the Tire

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It’s called the “Superelastic Tire” and was developed for future Mars missions, but it’s possible it could be used as a viable alternative to pneumatic tires here on Earth. By using shape memory alloys that are capable of undergoing high strain as load bearing components, the Superelastic Tire is able to withstand excessive deformation without permanent damage. In addition, the shape memory alloy can also increase the load carrying capacity of the tire.

Read the source article at Car Reviews

USTMA Releases Dates for National Tire Safety Week 2018

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The U.S. Tire Manufacturers Association (USTMA) has announced that National Tire Safety Week 2018 will run from May 21-28, and will feature the theme “Know Your Roll.” The campaign aims to educate consumers about proper tire care and maintenance, including the potential concerns with unsafe used tires.

Read the source article at Tire Review

Kumho Tire says to issue shares to China’s Doublestar worth $604 mln

Forex Kumho Tire says to issue shares to China’s Doublestar worth $604 mln South Korea’s Kumho Tire said on Friday that it plans to issue new shares worth 646 billion won ($604.99 million) to Qingdao Doublestar Co Ltd as part of an agreed deal for the Chinese company to assume control over it.

Read the source article at SHARENET

USTMA welcomes Giti Tire USA as newest member

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U.S. Tire Manufacturers Association (USTMA) welcomed Giti Tire USA as its newest member. The USTMA Board of Directors unanimously approved the company’s membership at the association’s spring Board of Directors meeting.

Tire manufacturers that produce tires in the U.S are eligible for USTMA membership. Giti began tire production at its new Richburg, S.C. facility in October of 2017. The company’s U.S. headquarters is in Rancho Cucamonga, Calif.

Read the source article at Traction News

Rubber-related Chinese imports subject to tariffs

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WASHINGTON—At least 10 categories of tires, rubber, rubber products and rubber processing machinery are on the list issued by the Office of the U.S. Trade Representative of goods imported from China that are subject to a 25 percent tariff. The USTR issued the list on its website in response to the order President Trump signed […]

Read the source article at Global Rubber Markets News

Kumho union votes for Doublestar takeover

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Seoul – Kumho Tire’s labour union has voted in favour of a plan to sell a 42.01% majority share of the South Korean tire maker to China’s Doublestar Tyre, according to business news website, The Pulse.

The 2 April report said more than 2,700 unionised workers took part in the vote, of which 60.6% were in favour of the sale to the Chinese company.

Chinese investors led by Qingdao Doublestar told ERJ in March that they had reached an agreement with Kumho’s shareholder Korea Development Bank to…

Read the source article at European Rubber Journal

USTMA honors 6 tire makers for safety achievements

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WASHINGTON — The U.S. Tire Manufacturers Assocations has honored six of its member companies with 20 Safety and Health Improvement Program awards.

Read the source article at Tire Business

Trelleborg details ‘complex’ integration of Mitas parent company

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TRELLEBORG, Sweden—The integration of Czech rubber company CGS with Trelleborg A.B. is proving to be a “relatively complex” process, according to President and CEO Peter Nilsson.

“In general, we have worked with it in two stages. The first one, which has started, was to secure and develop continued customer relations and sales channels,” the Trelleborg boss said in an internal interview published in Trelleborg’s annual report.

 

Trelleborg is focusing more on now is continuing to improve the cost and revenue aspects, in part by creating synergies.

“For example, it’s a question of how we can reduce the complexity in our manufacturing and make more efficient use of our manufacturing facilities,” Nilsson said.

According to the Trelleborg official, the company created a new sales organization in 2017 to better leverage synergies, which he said will mostly occur in 2018 and beyond.

Read the source article at Rubber and Plastics News