Nokian Tyres increases production at the Nokia factory, running four shifts

Nokian Tyres plc is increasing its production capacity for passenger car tyres at the Nokia factory by approximately 30% by starting to run in four shifts. With this capacity increase, more than 80 new people will be hired for passenger car tyre production in Nokia.

Read the source article at news.cision.com

Goldman sees slightly easier China monetary policy amid trade tiff with U.S

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SHANGHAI (Reuters) – Goldman Sachs (NYSE:) said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.

 

Read the source article at Global Rubber Markets News

Trump tariffs could sink Canada’s auto industry

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TORONTO — Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that could devastate the car industry in Canada and lead to higher U.S. prices.

Read the source article at Front Page

Trelleborg raising tire capacity at two European sites

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Trelleborg, Sweden – Trelleborg is making a “substantial investment” at its Otrokovice tire production plant in the Czech Republic to increase utilisation rates at the facility, the company has told ERJ.

“We need higher capacity utilisation and… we are looking forward to a world-class manufacturing site with high-end production of radial agricultural tires and new production lines for OTR tires,” Trelleborg communications manager Karin Larsson told ERJ.

Read the source article at European Rubber Journal

Barra: Trade uncertainty ‘will eventually’ impact GM operations

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DETROIT — General Motors is seeing cost increases in steel and aluminum amid uncertainty regarding tariffs and trade with the United States. However, the company has not delayed any projects or plans. That’s according to GM CEO Mary Barra, who said if uncertainty continues, it “will eventually” have an impact on its operations.

Read the source article at Front Page

Sumitomo aims ‘to grow with whole of market’

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Tire Business talked with Darren Thomas, senior vice president of sales and marketing for Falken Tire Corp., a unit of Sumitomo Rubber North America Inc., about his thoughts on the tire industry and how his company is performing heading into the second half of the year.

 

Read the source article at Tire Business

Trump Auto Tariffs Would Slam Canada as Trade Rhetoric Heats Up – Bloomberg

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Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration’s pledge to consider tariffs on all imported vehicles took on more urgency last weekend after Trump and his advisers accused Trudeau of “bad faith diplomacy” for his trade comments following a meeting of Group of Seven leaders in Quebec. “I have instructed our U.S. Reps not to endorse the Communique as we look …

Read the source article at Bloomberg.com

TIA to discuss key issues of tire industry in Washington D.C. on June 20

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The Tire Industry Association (TIA) will meet with representatives in Washington DC on Wednesday, June 20th to discuss several issues currently impacting the tire and automotive industry.

The day will begin with TIA and fellow supporters visiting the US Department of Transportation (DOT) headquarters at 10:00am to discuss infrastructure and de-regulation.

Read the source article at Traction News

First Liberian rubber plant opened

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The first 100 percent Liberian owned rubber plant was inaugurated in the country. The Cooper Rubber Processing Plant (CRPP) will manufacture retreaded tyres, roofing materials, electrical insulators, fixtures PVC pipes, fittings, and rubber gloves. The CRPP plant is located in Blagai, Bomi Highway.

Read the source article at Rubber Asia

GM’s autonomous vehicle unit gets $2.25 billion boost

DETROIT — SoftBank Vision Fund, a prominent technology investment firm, is investing $2.25 billion in General Motors Co.’s autonomous vehicle operation.

Read the source article at Tire Business