Turin, Italy – Pirelli is celebrating “110 Years of Motorsport” this year. Renowned for supplying top racing teams with high-performance tires, Pirelli first entered the motorsport world back at the end of the 19th century when the company’s founder, Giovanni Battista Pirelli, realized that motorbike races could serve as a testing ground for his consumer level products.
Huizhou, China – Bridgestone is adding 5,300 unit per year curing bladder facility with €494,000 (3.6 million yuan) investment at its plant in Huizhou, Guangdong, according to local reports.
With 1.7 million unit-per-year truck and bus tire capacity and 45 tonne/year external purchase of curing bladders, the plant decided to build the facility as “external purchases are time consuming, effort requiring and costly,” said the project’s environmental filing.
Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. He said Malaysia has the ability to produce high-value engineering rubber products used specially in the field of vibration and earthquake engineering. Mah said Malaysian manufacturers had installed and supplied rubber seismic bearings to high-seismic activity countries like New Zealand, Iran, Indonesia, Turkey and China. “Our rubber products are of world standard, so the rubber industry is definitely not a sunset industry,” he told reporters after visiting the Doshin Rubber Products (M) Sdn Bhd factory here Monday.
As a business leader and manager, you’re tasked with many of the same duties as professional politicians – building consensus, communicating a shared vision, dealing with the public and staying visible within your community.
And as a tire dealer, you have far more political expertise and influence than you may realize. Your voice, experience and wisdom are highly valuable to your community and your industry. From serving on boards and councils locally to speaking on industry issues before the House and Senate – even running for office – tire dealers have a reputation for getting involved.
Research and Markets has announced the addition of the “Research Report on Tire Export in China, 2017-2021” report to their offering.
In 2016, China’s tire export reached CNY 468.48 million, increasing by 5.4% YOY. Export value was USD 12.89 billion, decreasing by 6.9% YOY. Average unit export price was USD 27.52, decreasing by 11.65% YOY.
TOKYO—Yokohama Rubber Co. Ltd. suffered a 22.4 percent drop in operating income for the fiscal year ended Dec. 31 on a 5.3 percent decline in sales.
The Japanese tire maker cited “adverse conditions” in overseas tire markets, including the appreciation of the yen and declining prices, for the earnings decline.
Operating income slid to $398.4 million, while sales dropped to $5.61 billion despite the addition of six months of revenue from Alliance Tire Group. The operating ratio dropped one and a half points to 7.1 percent.
Net income fell 48.3 percent to $177 million.
AKRON (Feb. 22, 2017) — For the fifth year in a row, Fortune magazine has ranked Goodyear as the world’s most admired tire company.
Fortune listed Goodyear No. 2 on its list of most admired companies in the motor vehicle parts category, the highest rank in the category for a U.S.-based company. The second-place rank also in an improvement over last year’s No. 3 ranking.
Other tire companies to make the 2017 list in the motor vehicle parts category were Group Michelin and Continental A.G., which were ranked fourth and fifth, respectively.
Robert Bosch L.L.C. took to the top spot in the motor vehicle parts category. Toyota (3), Johnson Controls (6), Lear (7) and ZF Friedrichshafen (8) round out the list of companies in the category.
In addition to being ranked among Fortune‘s most admired companies, Goodyear also ranks 169th on the Fortune 500 list.
The benchmark Tokyo rubber futures August contract plunged 5.2 per cent on Thursday to close the main session at ¥269.4 per kg.
It finished near a seven-week low, having broken sharply down through its 50-day moving average around ¥292 and recording a seven-day losing streak that was its worst run since September 2014, according to Reuters.
And rubber’s move arguably is not yet stretched. The contract’s 14-day relative strength index, the commodity sector’s closely watched momentum gauge, finished the session at 35.2, not yet below the 30 mark that heralds the “oversold” threshold.
What’s going on?
Well, the pullback needs to be put in perspective. On January 31, rubber futures hit an intraday five-year high of ¥366.7, having more than doubled over just four months.
Helped by the broader market’s Trump-inspired “risk on” mood, rubber prices rallied as buoyant Chinese car sales data boosted expectations of greater tyre demand. Additional momentum was provided by supply-side problems as heavy rainfall in Thailand, a big rubber producer, was seen crimping production. But at the January peak, rubber’s 14-day RSI hit 79, into the “overbought” zone that is seen beginning at 70.
ANDERSON, Ind. — A company that imports tires from China has purchased a former General Motors plant in Indiana as a site to service its business customers.
Anderson economic development director Greg Winkler says Houston-based Sutong China Tire Resources is in the process of upgrading the 330,000-square foot building.
Resource Commercial Real Estate says the company plans to have 20-40 workers at the site, where it will service the utility and RV trailer industry, large retail chain stores and independent tire retailers and wholesalers. The (Anderson) Herald Bulletin reports no financial details were released.
This study focuses on China’s Rubber Processing Chemicals industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far outpacing other economies in the world, China is the world’s fastest growing market for the consumptions of goods and services. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. Rapid consolidation between medium and large players is anticipated since the Chinese government has been encouraging industry consolidation with an effort to regulate the industry and to improve competitiveness in the world market.