The Tire and Rubber Association of Canada News
The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018.
The latest projection is up from the 332.9 million units for 2019 which the USTMA forecast in July.
Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018.
When it comes to driving during the winter, nine in 10 Americans don’t trust others to stay safe on the road, although only 41% are confident in their own winter-driving abilities. And with many roads across the U.S. experiencing icy conditions throughout the winter, 48% of drivers even avoid running errands or traveling at all (42%) due to weather concerns.
NEW YORK, Dec. 2, 2019 /PRNewswire/ — Global Low Rolling Resistance Tire Market: About this market This low rolling resistance tire market analysis considers sales from both aftermarket and OEMs end-users. Our study also finds the sales of low rolling resistance tire in APAC, Europe,…
SEOUL, South Korea — Hankook Tire & Technology Ltd. reported a 3.2% drop in pre-tax operating income for the quarter ended Sept. 30 on 4.4% higher sales, citing “weakened consumer confidence caused by the global economic downturn” for “intensified tire market sales competition.”
Toyo Tire Corp.’s President and CEO Takashi Shimizu and its Board of Directors resolved to sell a portion of its stock holdings in Bridgestone
Corporation, with whom Toyo Tire maintains business and capital
alliances.
The company will sell 50% of its holdings of over 3 million shares worth 4,000 million yen on the Tokyo Stock Exchange. The sale is expected to be completed by Feb. 29, 2020.
Under a 2008 framework of business and capital alliances, Toyo
WASHINGTON — The U.S. Tire Manufacturers Association is planning to issue a “call to action” on Dec. 4 at the 2019 Scrap Tire Recycling Conference in Greenville, S.C., to develop new “sustainable, circular end-use markets” for scrap tires.
AKRON — Smithers Group is planning a one-hour webinar for Dec. 4 on the use of silica in tire compounding featuring Bruce Lambillotte, vice president of technical consulting for Smithers and an industry veteran with more than 40 years of experience.
LONDON—Central and Eastern Europe continues to offer attractive locations for rubber product manufacturers, as evidenced by three interesting investment projects in the region.
Industry4Europe, a coalition of 149 sector Associations representing the diversity of the EU’s industrial base, has published a new Joint Paper: ‘A long-term strategy for Europe’s industrial future: from words to action’.
Through cross-sectoral recommendations, the Industry4Europe coalition is hoping to contribute to the future EU industrial strategy that was announced by European Commission President-Elect, Ursula von der Leyen.
Singapore — Natural rubber company Corrie MacColl, a subsidiary of global NR supply chain manager Halcyon Agri, has joined forces with local and international NGOs to strengthen rubber production across its plantations in Cameroon.
Two prominent NGOs, Mighty Earth and the Community Forests Platform, have joined the Cameroon Sustainability Council initiated by Corrie MacColl after a long-running consultation, Corrie MacColl said in a 21 Nov news release.