In 2019 a turnover decline of up to 10% is expected

In 2018, the German plastics and rubber machinery manufacturers generated a turnover plus of 2% again compared to the previous-year period. “The growth rate of 3% originally predicted for 2018 could not be reached. Nevertheless, we are pleased about the positive all-year results as in particular towards the end of the year, deterioration of the market became already apparent”, explains Ulrich Reifenhäuser, Chairman of VDMA Plastics and Rubber Machinery.

Read the source article at macplas.it

Michelin Announces Price Increase For Commercial Tire Lines In US, Canada 

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Michelin North America Inc. has announced a price increase up to 6% for the commercial Uniroyal tire line and select off-highway products in the United States and Canada. The increases will be effective July 1, with additional details provided directly to customers.

Read the source article at Aftermarket News

Interview with ATMA Chairman- Need collaboration for sustainable growth

Automotive Tyre Manufacturers’ Association (ATMA) is a well-known tyre industry body in India. ATMA is the voice of the Indian tyre industry and its activities focus on promoting, representing and communicating the tyre industry interests primarily by acting as conduit between the Government and the industry.

With a strong acceleration in Indian GDP growth, automotive and tyre segment has registered a remarkable growth that led India to take a prominent position in the global rubber economy in 2018.

Read the source article at blog.rubberstudy.com

Maxxis launches nationwide MX-ST campaign

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Retail customers and dealers will both benefit from a new nationwide campaign that Maxxis is launching for its new Maxxcross MX-ST tyre. MX-ST buyers have the chance to win an all-expenses-paid trip to the MXGP of Italy at Imola on 18 August.

Read the source article at Tyrepress

Continental wins inaugural Tyre Industry Environmental & Sustainable Solution Award

The Worshipful Company of Wheelwrights has named Continental Tyre Group Ltd the inaugural winners of the Tyre Industry Environmental & Sustainable Solution Award. The accolade was presented at the Worshipful Company of Wheelwrights White Tie Banquet.

Read the source article at Tyrepress

Semi-autonomous and always available: A peek into the near future of car rental

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The here and now is all about “connected cars.” But the question you may ask is, “connected to what?” A connected car is only as valuable or useful as what it’s connected to, and today that’s not much beyond a cell phone, mobile road service, or garage door opener.

Read the source article at Digital Trends

Nexen Tire Partner Manchester City Wins Back-to-Back Premier League Championships

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Nexen Tire is celebrating the win of Manchester City Football Club (Manchester City), its official partner of the English Premier League, on its victory in the 2018/19 Premier League title for two years in a row.

On May 12, Manchester City defeated Brighton & Hove Albion Football Club (Brighton) 4-1, making it the sixth league title to be won by the Club. Throughout the season, Manchester City and Liverpool went back and forth trading the lead.

Read the source article at Tire Review

New tread from Vipal introduces special abrasion resistance tech

In North America Vipal has launched a new tread – the VM540. Suitable for both paved and unpaved roads, the VM540 is designed for retreading of trailer and drive axle tires and is also useable in off-road and regional applications. It offers high adhesion on different types of surfaces.

Read the source article at Tire Technology International

Cabot Corp Reports Second Quarter Fiscal 2019 Results

BOSTON–(BUSINESS WIRE)–May 6, 2019– Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2019.

Key Highlights

  • Positive impact from calendar year 2019 tire customer agreements more than offset by pricing weakness in China in Reinforcement Materials
  • Performance Chemicals impacted by soft automotive demand and a less favorable product mix
  • Announced agreement to divest Specialty Fluids segment in transaction valued at $135 million
  • Continued commitment to return cash to shareholders with $70 million of dividends and share repurchases in the quarter

Read the source article at Markets data