Triangle Tire USA is opening its first US warehouse in Madison, Tennessee to supply off-the-road (OTR), medium and heavy truck as well as passenger and light truck tyres to its distributors and dealers. The 53,000 square-foot facility allows for future expansion, according to Triangle.
The Association of Natural Rubber Producing Countries hereby releases the most updated picture of emerging developments in supply, demand and market trends in world rubber market, through the monthly bulletin “Natural Rubber Trends & Statistics” for April 2017.
… Based on the assessment, world supply of natural rubber, including supply from non-ANRPC countries, is anticipated to remain short of demand during all months up to December 2017. The shortfall is expected to progressively widen from April 2017 onwards to reach 688,000 tonnes in June 2017 before narrows down in subsequent months to reach 46,000 tonnes by December 2017.
World supply during January to April 2017 was short of demand by 466,000 tonnes, according to preliminary estimates. Despite a deficit supply, natural rubber prices have moved along a falling trajectory from February 2017 onwards largely due to factors external to the sector. Crude oil prices sharply fallen from February 2017 due to rising US shale gas output and reported failure in the effective implementation of the production curtailment programme agreed among OPEC members and major non-OPEC oil producing countries. Low crude oil prices keep sentiments down at Shanghai rubber futures and physical markets often follow suit.
Net sales were up at Nokian Tyres in the first quarter of 2017 as was, despite increased raw material costs, net profit. Andrei Pantioukhov, the tyre maker’s interim president and chief executive officer, declared that Nokian Tyres “had a strong start of the year” and “demonstrated strong performance in all our main market areas.”
NEWMARKET, ON–(Marketwired – May 09, 2017) – AirBoss of America Corp. (TSX: BOS)
(In US dollars)
- Quarterly dividend paid of C$0.07 per common share, an increase of 17% over Q1 2016
- Completed business unit reorganization to form a new Rubber Solutions reporting segment and a new Engineered Products reporting segment
- Balance sheet remains strong with net debt to total capital reduced from 40.5% to 31.2%
On Wednesday, benchmark US indices were in mixed colors as the NASDAQ Composite closed the trading session up 0.14%; the Dow Jones Industrial Average edged 0.16% lower; and the S&P 500 was up 0.11%. US markets made broad based gains with six out of nine sectors finishing the day in green. Pre-market today, Stock-Callers.com reviews these four Consumer Goods stocks: The Goodyear Tire & Rubber Company (NASDAQ: GT), Cooper Tire & Rubber Company (NYSE: CTB), Trinseo S.A. (NYSE: TSE), and Knoll Inc. (NYSE: KNL). Learn more about these stocks by accessing their free research reports at:
HANOVER, Germany—Continental A.G. has raised its sales projections slightly for fiscal 2017 following a strong performance in the quarter ended March 31.
Operating earnings increased 9.1 percent to more than $1.2 billion. Net income rose 2.1 percent to nearly $800 million.
Sales grew 9.5 percent to $11.7 billion, largely due to the contributions made by the company’s automotive divisions. Sales in the Rubber Group, which comprises Conti’s tire and ContiTech industrial rubber business divisions, climbed 10.6 percent to $4.57 billion.
As a result, Conti raised its sales projection for 2017 by 1.1 percent to more than $46 billion, while reaffirming the company expects to “comfortably achieve” an adjusted pre-tax operating margin of 10.5 percent.
The ongoing tug-of-war between natural rubber growers and consumers bears this out in ample measure.
The tussle relates to the state of rubber growers, and their claims that heightened imports have impacted domestic rubber production, which is contested by the tyre industry.
According to the latest data from the Rubber Board, natural rubber production actually increased in 2016-17 by 22 per cent over the previous year, Additionally, rubber imports declined by 7 per cent.
Rubber Board officials attributed the increased production to improved market price and the Board’s initiatives, including mass contact programmes to improve production and productivity.
The data effectively belies the rubber growers’ claims and validates the tyre industry’s diametrically opposite view.
With improving availability of natural rubber in the domestic market, there is a perceptible drop in rubber imports, says Satish Sharma, Chairman Automotive Tyre Manufacturers Association (ATMA).
“That lends credence to the tyre industry’s stand that natural rubber imports are only taking place to compensate for the domestic deficiency or in view of non-availability of certain grades of rubber on quality parameters,” he said.
ATMA also rebuts the claim that rubber imports are down because domestic prices are ruling lower than international prices.
Evonik increased sales considerably by 19 percent to EUR3.68 billion in the first three months of 2017. The main growth drivers were higher demand, which boosted sales volumes, and the first-time inclusion of the Air Products specialty additives business.
“The successful start to the year shows that we are on the right track with our growth strategy,” said Klaus Engel, Chairman of the Executive Board. “The combination of organic growth and strategic acquisitions has strengthened the company. We are on the road to becoming less vulnerable to economic cycles and having a more balanced portfolio. Demand for our specialty chemicals such as silica, coating additives and pharmaceutical ingredients boosted quarterly earnings.”
Adjusted EBITDA rose 8 percent to EUR612 million in the first quarter driven by improved results in the Resource Efficiency and Performance Materials segments. Earnings at Nutrition & Care were significantly below the prior year period mainly because of lower prices for animal nutrition products.
The fall in natural rubber (NR) imports as announced by the Rubber Board has much to do with the increased domestic availability of the commodity, according to the tyre industry. Recently Rubber Board had released fresh data for the financial year 2016-17 that showed NR imports declining by 7% as production moved up by 22% […]
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SNS Research estimates that Big Data investments in the automotive industry will account for over $2.8 Billion in 2017 alone. Led by a plethora of business opportunities for automotive OEMs, tier-1 suppliers, insurers, dealerships and other stakeholders, these investments are further expected to grow at a CAGR of approximately 12% over the next three years.
The Big Data in the Automotive Industry: 2017 2030 Opportunities, Challenges, Strategies & Forecasts report presents an in-depth assessment of Big Data in the automotive industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2017 through to 2030. The forecasts are segmented for 8 horizontal submarkets, 4 application areas, 18 use cases, 6 regions and 35 countries.