Goodyear Announces Pricing of $700 Million of Senior Notes

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The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its offering of $700 million aggregate principal amount of 10-year senior notes. The notes will be senior unsecured obligations of the company.

The notes will be offered to the public at a price of 100% of their principal amount and will bear interest at a rate of 4.875% per annum. Goodyear expects the offering to close on March 7, 2017, subject to customary closing conditions.

Goodyear intends to use the net proceeds from this offering, together with cash and cash equivalents, to redeem in full its $700 million in aggregate principal amount of 7.0% senior notes due 2022.

Read the source article at cnbc.com

China’s Guilin Rubber Machinery steps up technical development

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Guilin, China – ChemChina-owned Guilin Rubber Machinery has stepped up efforts in technical research and development and worked with KraussMaffei to upgrade design and technology throughout 2016, the company announced on 14 Feb.

In 2016, said the statement, the company was granted 21 patents including five patents for invention, and applied for 10 patents for utility model.

Read the source article at European Rubber Journal

Two Goodyear Associates to Receive Women in Manufacturing Awards

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The Manufacturing Institute will honor two Goodyear Tire & Rubber Co. associates with Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Awards for 2017.

Melissa Ross, director of project management and capital planning for Goodyear’s North America business, will be recognized as a STEP Ahead Honoree and Mbeke Perez, process safety management engineer at Goodyear’s Houston chemical facility, will be recognized as a STEP Ahead Emerging Leader.

Read the source article at Tire Review

Bridgestone to Showcase VersaBuilt Tires

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New Firestone OTR radial tire line promises dependable performance at an affordable price.

Bridgestone has announced it will showcase its new Firestone VersaBuilt tire line for the first time during the 2017 CONEXPO-CON/AGG Conference in Las Vegas, Nev., March 7-11, 2017.

The first full line of off-the-road radial tires from Firestone, VersaBuilt tires are designed to perform across a wide variety of environments, applications and equipment to keep jobsites operating efficiently.

Read the source article at Autosphere.ca

Interview: Working hand in glove for Margma’s success

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This week we get thoughts and views from Malaysian Rubber Glove Manufacturers Association (Margma) president Denis Low Jau Foo.

 

Read the source article at theSundaily

Silicone rubber robots could vastly improve mobility for the infirm, say researchers

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These robotic muscle-like actuators could replace metal joints in exoskeletons. EPFL roboticists say the silicone rubber elastomer based parts are far more flexible. They could be used to help the infirm move around, while improving posture and reducing discomfort for lower back pain sufferers. SOUNDBITE (English) JAMIE PAIK, THE DIRECTOR OF EPFL’S RECONFIGURABLE ROBOTICS LAB (RRL), SAYING: “We can foresee a new type of technology being brought closer to our daily lives. When I say that, it’s not us trying to bring in Terminator for everyone’s home, but to bring in different types of technology that enable us to live healthier and live with more comfort, and that was not able to be done beforehand.” The robots are controlled by changing the air pressure in special soft balloons that serve as its body. A modular system, they can be moved around the body to where physical support is needed. The team has devised this belt for potential use on stroke patients. SOUNDBITE (English) MATTHEW ROBERTSON, EPFL RESEARCHER, SPEAKING ABOUT THE BELT, SAYING: “In stroke patients I know they have a common asymmetry where they lean to one side and it could be used to correct for that asymmetry and then focus on if you’re using it to restore gait the belt could do the task of providing the support for your upper body.” The belt’s hooked up to a system of external pumps. The team hopes to miniaturise these and place them directly on the belt.

Video:

Silicone rubber robots could vastly improve mobility for the infirm, say researchers

Read the source article at uk.reuters.com

Continental Partners with Caterpillar

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New partnership will focus efforts on off-highway trucks.

Continental and Caterpillar have signed an agreement to equip Cat Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35.

“We are happy to announce the cooperation with Caterpillar on top of the launch of our new tire lines in the Mining and Construction segment,” said Jan Skaletz, Key Account Manager for OTR tires, Continental.

Read the source article at Autosphere.ca

High Ontario electricity rates concern car makers

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The soaring price of electricity in Ontario is top of mind for the province’s auto makers, but it should not yet be considered a competitive disadvantage when the province is bidding for new investment by car companies, a new study concludes. Electricity rates are higher in Ontario than they are in the 10 largest auto-producing U.S. states, a study by the Automotive Policy Research Centre at McMaster University in Hamilton, says.

Read the source article at Home – The Globe and Mail

Carlisle Reports Fourth Quarter and Full Year 2016 Results

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SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $893.5 million for the fourth quarter of 2016, a 2.0% increase from $876.2 million in the fourth quarter of 2015. Net sales from the acquisitions of Micro-Coax, Inc. (Micro-Coax) and Star Aviation, Inc. (Star Aviation) in the Carlisle Interconnect Technologies (CIT) segment, and MS Oberflächentechnik AG (MS Powder) in the Carlisle Fluid Technologies (CFT) segment, contributed a total of 2.0% to net sales in the fourth quarter of 2016. Organic net sales (defined as net sales excluding both sales from acquisitions within the last twelve months and the impact of changes in foreign exchange rates versus the U.S. Dollar) grew 0.5%. Fluctuations from foreign exchange had a negative impact to net sales of 0.5%.

“On January 31st we announced the acquisition of Arbo Holdings Limited (Arbo), a leading provider of sealants, coatings and membrane systems based in Belper, England. Arbo complements our leading position in EPDM (rubber) roofing systems in Europe and adds new products to our weatherproofing offerings used to improve the thermal performance of buildings. We are pleased to welcome the Arbo team to Carlisle.

 

Read the source article at cnbc.com

Pirelli end tyre test a day early after Vettel crash in Fiorano

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Pirelli had to cut short a Formula One wet tyre test at Ferrari’s Fiorano track in Italy on Friday after four times world champion Sebastian Vettel crashed into barriers the day before. A Pirelli spokesman said the modified 2015 Ferrari had been badly damaged in the crash on the artificially-soaked circuit outside Maranello and spare parts were not immediately available.

Read the source article at timesofmalta.com