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.
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.
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.
Toyo Tire U.S.A. Corp. announces a size expansion for two of its commercial tire products, the Toyo M920 drive tire and the Toyo M149 Super Single. Both tires are part of the M-Line of commercial tire products from Toyo Tires.
According to the company, the M920 drive traction tire is ideal for trucks that require all-season capabilities to deliver loads in any weather condition in regional or long-haul applications. It has wide, staggered tread blocks for improved traction and performance while additional features assist in excellent wet performance, longer tire life and reduced irregular wear. Its two wide circumferential grooves are designed to shed water during wet conditions. New sizes added to the M920 lineup include a 315/80R22.5 with a Load Index of L, also an 11R24.5 and a 285/75R24.5.
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.
SANTA ANA, Calif. (Feb. 22, 2017) — Yokohama Tire Corp.’s Geolander light truck tire line will take the sponsorship spotlight as part of a multi-year deal with Spartan Race, an obstacle course and endurance brand.
The new contract makes Yokohama the “Official Tire of the U.S. Spartan Race” and gives the Japanese tire manufacturer branding designation at select obstacle course races across the U.S this year. Among those races are the five Spartan Race U.S. Championship Series events that will air on the NBC Sports Network and the 2017 Reebok World Championship on Sept. 30, which will be televised on NBC.
“Yokohama’s sponsorship of Spartan Race marks the convergence of two like-minded global brands, and illustrates the massive growth and appeal of the obstacle course racing sport and Spartan endurance lifestyle as an integrated sponsorship platform,” Ian Lawson, Spartan Race vice president of sponsorship and media sales, said in a news release. “We are excited about our partnership with Yokohama and look forward to testing our competitors’ strength against the Yokohama tires on the course.”
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.