Expansion aims to automate Continental’s hose manufacturing plant in Quebec

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GRANBY, Quebec—Continental’s ContiTech division has completed a project at its hose factory in Granby that makes production there largely automated.

Read the source article at Rubber and Plastics News

Cabot reinforcement materials unit reports earnings decline

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BOSTON—Cabot Corp.’s reinforcement materials business unit, which includes rubber carbon blacks, has reported a 2.7 percent year-on-year decline in third quarter earnings (EBIT) at $72 million.

The company’s financial statement, released Aug. 5, attributed much of the decline to lower margins in China and the global automotive slowdown.

Read the source article at Rubber and Plastics News

Double Coin names Anthony Cresta as product manager

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MONROVIA, Calif. — Double Coin Holdings Ltd. and its CMA L.L.C. subsidiary have named Anthony Cresta as product manager. In his new role, he will be responsible for product support within the Double Coin OTR and industrial tire lines.

Read the source article at Tire Business

Central Europe slowdown impact Nokian results

Nokia, Finland – Nokian Tyres plc has reported a 12.5% year-on-year decline in first half operating profit at €148 million, on 0.3% lower sales of €763 million.

The Finnish tire maker linked the decline in sales to weak car and tire sectors in Europe, which offset gains in the heavy tire segment during the first six months of the year.

“The competitive landscape in the Central European replacement car tire market is tight due to weakness in the OE segment, as there is a high supply of…

Read the source article at European Rubber Journal

Nokian Breaks Ground on Admin Building at First U.S. Production Facility

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Nokian Tyres has started construction on an administration building at its new factory in Dayton, Tennessee, its first production facility in North America.

The building will include meeting spaces, offices, a gym, garden and other amenities.

Nokian Tyres is partnering with EMJ Construction to construct the facility, which is scheduled for completion in mid-2020.

Read the source article at Tire Review

LWG hires ex-Bridgestone exec Derek Wessels to be its COO

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GREENWOOD VILLAGE, Colo. — Big O Tires and Midas International franchisee Leeds West Groups has hired former Bridgestone Americas executive Derek Wessels to be its chief operating officer, overseeing LWG’s three automotive divisions.

Read the source article at Tire Business

Bridgestone downgrades fiscal forecast after 1st-half declines

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TOKYO — Bridgestone Corp. has revised downward its earnings and sales forecasts for the full fiscal year after reporting a 20.6% drop in first-half operating income along with lower sales.

Read the source article at Tire Business

Yokohama H1 earnings drop on flat sales

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Tokyo — Yokohama Rubber Co. Ltd.’s operating and net income fell during the six months ended 30 June due to increased manufacturing and logistics costs and the negative effects of lower unit sales volume.

Sales revenue grew 0.5% during the period as higher revenue in the firm’s industrial rubber products and ATG off-road tire unit offset lower revenue in the tire business unit, Yokohama reported 8 Aug.

Read the source article at European Rubber Journal

Continental gives details on its new Advanced Indoor Evaluation Center in Uvalde, Texas

Continental has opened a new US$10m Advanced Indoor Evaluation Center at its Uvalde, Texas proving ground to increase the speed at which it develops new technologies. The facility closely mimics Continental’s other worldwide indoor test centers and will provide additional capacity to the tire maker’s other test sites.

Read the source article at Tire Technology International

BKT suspends plan for U.S. factory

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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is suspending its plans for a U.S. tire factory, citing business uncertainties related to difficult macroeconomics and volatile climate conditions.

Read the source article at Rubber and Plastics News