The Tire and Rubber Association of Canada News
Tokyo – Yokohama Rubber Co. Ltd has posted a 32.3% year-on-year rise in operating earnings to $242.6 million on first-half sales 1.8% higher at $2.85 billion, the company announced 10 Aug.
YRC cited raw materials, exchange rate differences and the price/mix factor as reasons for the earnings improvement. Combined, these offset negatives such as lower tire unit sales volume and higher fixed costs.
Cologne, Germany – Two distinct lines-of-thought emerged regarding the impact of digitalisation and automation technologies on employment in the tire industry at this year’s Future Tire conference in Cologne.
In a presentation about the first year of operation of the Hefei Wanli plant – said to be the world’s first smart tire factory – it emerged that the Chinese TBR facility had a workforce of just 700. This compared to 2,100 employees for…
Boston, Massachusetts – Cabot Corp. has reported a 45% year-on-year rise in earnings (EBIT) to $74 million at its Reinforcement Materials unit for its fiscal third quarter lifting margins 2 percentage points to 16%.
Higher earnings, said Cabot, were driven mainly by “continued…
Findlay, Ohio — Cooper Tire & Rubber Co.’s operating income plummeted 61.1% year-on-year to $32.8 million on second-quarter sales down 3.1% to $698.4 million. Net income for the three months to 30 June fell 66.9% to $15 million, compared with the year-ago period.
AUBURN HILLS, Mich., Aug. 9, 2018 /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 second quarter ended July 1, 2018.
COLOGNE, Germany–Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.
Seoul – South Korean petrochemicals company Kumho Petrochemical has reported an upward trend in the prices of butadiene and synthetic rubber in the first half of 2018.
The “gradual” increase in butadiene prices, said the company 6 Aug, was a result of a decline in supply, due to “regular maintenances, ‘troubles’ and increased demand caused by favourable ABS market”.
TRAVERSE CITY, Michigan — The breakneck speed at which self-driving and connected-car technology is evolving is forcing the industry to change how products will be developed, says Tamara Snow, head of systems and technology for Continental North America’s interiors division.
“New technology is coming at a faster and faster rate, and for this reason we need to be able to harness disruption and change what we innovate and how we innovate,” Snow told an audience Monday at the CAR Management Briefing Seminars.
AKRON, Ohio, July 27, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2018.
“We delivered strong operating performance in the quarter highlighted by impressive volume growth in our mature markets where we regained share, particularly in the more profitable 17 inch and greater rim sizes in the U.S. and Europe,” said Richard J. Kramer, chairman, chief executive officer and president. “Additionally, we achieved our price/mix and net cost savings goals for the quarter.”
Smithers Rapra recently provided insight at the Global Tire Tech Forum, which was organized by China Rubber Industry Association. Henry He (above), general manager at Smithers Rapra’s Suzhou Tire and Wheel Testing Laboratory, spoke about the application of force and moment data in relation to tire modeling.
“Our testing services span the globe, and we are proud to have Henry represent our laboratory in China and the advances we have made,” said Derek Read, VP for global development – Asia.