USTMA Reflects on Selleck’s Retirement from Michelin

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On November 16, Michelin North America announced the retirement of Chairman and President Pete Selleck, effective Dec. 31, 2017, after six years in that role. His impact to the industry is praised and recognized by the USTMA among others.

Selleck is known for his dedication and service to the tire industry. Anne Forristall Luke, president and CEO of the U.S. Tire Manufacturers Association (USTMA), say Selleck “leaves a lasting legacy of visionary leadership” in the industry.

Read the source article at Tire Review

Goodyear contract extension with NASCAR

NASCAR and The Goodyear Tire & Rubber Company today announced a renewed sponsorship agreement that ensures Goodyear is the exclusive tire of NASCAR’s top three national series.

The newly signed agreement continues Goodyear’s designation as the “Official Tire of NASCAR” and extends an uninterrupted relationship that started in 1954. Goodyear and NASCAR’s six decades of partnership is one of the longest-running sponsor programs in any sport. In addition, Goodyear has been the exclusive tire supplier for the sanctioning body’s top three series since 1997.

Read the source article at ESPN: The Worldwide Leader in Sports

Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

Read the source article at 企業サイトトップ

Pirelli adopts sustainable NR supply policy

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MILAN — Pirelli & C. S.p.A. has adopted a 12-step sustainable natural rubber supply-chain policy that it considers essential to preserve forests and biodiversity and to allow long-lasting development for local communities and economies.

Read the source article at Tire Business

Toyo Tire Taps Chaney as Head of Marketing

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Toyo Tire U.S.A. Corp. (Toyo Tires) welcomes Tim Chaney to the company as vice president of marketing. With deep roots in vehicle manufacturing, Chaney brings more than 30 years of marketing and automotive experience to Toyo Tires, including 15 years at Kia Motors America where he most recently served as vice president of marketing communications. There he played a key role in marketing, advertising and communications strategy.

Read the source article at Tire Review

Hankook Welcomes New Director of Sales and Marketing Director in Canada

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Hankook Tire has announced John Overing will be the company’s new director of sales and marketing in Canada. Overing will oversee the region’s sales team and will be instrumental in identifying opportunities for growth within the Canadian market.

Overing joins the company with more than 18 years of experience in the tire industry, bringing with him a wealth of knowledge and industry expertise.

Read the source article at Tire Review

Michelin acquires tire pressure control companies

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Clermont-Ferrand, France – Groupe Michelin has acquired two European tire pressure control systems suppliers as part of its bid to become a “total solutions provider” in the agriculture segment and improve its central tire inflation systems (CTIS).

The French tire maker announced 13 Nov that it had acquired German PTG Tire Inflation Systems and France-based Téléflow SAS, both specialised in tire pressure control systems which allow users to monitor and adapt tire pressures according to the terrain and conditions of use.

The move, explained the…

Read the source article at European Rubber Journal

A first look at the all-black 2018 Pirelli calendar – Cnn Style

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The once-scandalous Pirelli calendar takes a turn for the progressive Written by Shirine Saad, CNN New York In the age of #BlackLivesMatter, #BlackisBeautiful and #BlackGirlMagic, leading brands and publications have realized that the image they project to millennial and Gen Z audiences needs to resonate with major social movements and calls for representation.

Read the source article at cnn.com

Cabot boss expects “solid growth” in American tire market

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Boston, Massachusetts – Cabot Corp. expects to see “solid growth” in the North American tire sector due to ‘long-term fundamentals’ of the market, according to company CEO Sean Keohane.

In a full-year results conference call on 2 Nov, Keohane said tire-plant investments were ramping up in North America with “a shift towards more local production that will support growth rates in that range.”

Read the source article at European Rubber Journal

Unique Fabricating, Inc. Reports Third Quarter 2017 Financial Results

AUBURN HILLS, Mich.Nov. 9, 2017 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the third quarter ended October 1, 2017.

 

Third Quarter 2017 Financial Highlights

  • Revenue of $41.2 million in the third quarter 2017, down 7.9% compared to $44.8 million in the third quarter 2016
  • Net income of $0.7 million, or $0.07 per basic and diluted share…

Read the source article at PR Newswire