by ASILA JALIL / pic by BLOOMBERG THE production of natural rubber in the country increased 24.7% in July to 41,801 tonnes compared to 33,531 tonnes registered in June, according to monthly rubber statistics by the Department of Statistics Malaysia (DoSM). Yearly comparison of the production, however, registered a decline of 30.4% compared to the […]
Nexen Tire publishes first Sustainability Report
Highlighting a growing drive within the tire industry toward greater environmental accountability, Nexen Tire has released its first Sustainability Report, outlining the company’s sustainable practices and environmental, social and economic performance in 2019.
Nexen says the report has been published to provide shareholders with consistent and transparent information, highlighting the progress and long-term commitment to its sustainable practices. The report is based on standards of the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (UN SDGs), and has been verified by the Korea Management Registrar (KMR), a third-party assurance institution.
Tire Review Podcast: Hankook’s New All-Weather Tire & COVID-19 Effects
As the fall and winter seasons approach, your customers will be coming into your shop to gear up for the weather ahead – and some may need new tires. Luckily, you have options. Maybe you fit them with an all-season depending on where you live, or perhaps their best bet is a designated winter tire. For situations sandwiched between those two, a tire in the all-weather segment could be a better bet.
Bridgestone’s Ferrari Talks Tire Demand, Future Mobility and More
Ferrari shares his take on the state of the North American tire market and Bridgestone’s sustainable mobility plans. He also discusses the role independent tire dealers will continue to play in the company’s progress, the most significant challenges facing tire manufacturers over the next few years and other topics.
Nokian Tires announce next phase hiring of workers at its US Factory
Nokian Tires has begun the second stage of hiring at its factory in Rhea County, Tennessee, where it is preparing to launch a second shift of production. Nokian Tires plans to hire upwards of 50 team members starting in September.
Bridgestone TBR Tire Plant Celebrates 30 Years
Bridgestone‘s truck and bus radial (TBR) tire manufacturing plant in Warren County, Tennessee, recently celebrated 30 years of operations. The Warren County tire plant began manufacturing TBR tires in 1990 and today employs more than 1,000 people. The plant is located in Morrison, Tennessee. In 2018, Bridgestone announced a $40 million investment in the plant to meet market demand and address emerging customer needs.
Maxam Opens Solid-Tire Factory
Maxam Tire has opened an all-new advanced and automated solid tire production facility. The recently opened factory is fully owned and operated by Maxam, representing a major commitment to the specialty solid tire segment, according to the company.
Smithers identifies 20 disruptive tire technologies
A new report from Smithers, the multinational provider of testing, consulting, information, and compliance services, has identified the top 20 technologies that will transform the global tire industry across the next two decades. The trends identified range from new materials to smart driving concepts.
Cabot Corp Reports Third Quarter Fiscal 2020 Results
BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) today announced results for its third quarter of fiscal year 2020.
Commenting on the environment, Cabot President and CEO Sean Keohane, said, “Clearly the COVID-19 pandemic has had a dramatic impact on most companies and Cabot was no exception. The scale of this disruption is unprecedented, but I am proud of the way our global team has managed through the crisis. We’ve taken proactive steps to protect our employees while continuing to operate our plants to meet the dynamic needs of our customers while also carefully managing cash.”
Conti rated as ‘buy’ for ‘best cost base’ in the tyre business
Following comparably strong second-quarter 2020 results, some financial analysts have confirmed their “buy” rating for Continental AG shares. The reason? Ongoing cost-cutting plans as well as “deep restructuring measures”. Writing in an investor’s note published on 7 August, Jefferies equity research suggested Conti’s planned spin-off of its Vitesco powertrain operation plays a key role in this strategy: