ST. JOHN’S, Newfoundland—The Newfoundland Multi-Materials Stewardship Board has signed a contract with C&D Recycling of Goodwood, Nova Scotia, to process approximately 2,000 metric tons of scrap tires into tire-derived aggregate.
It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud. Only this isn’t the U.S. housing market circa 2007. It’s the U.S. auto industry circa 2017. A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto loans. And, like last time, the risks are spreading as they’re bundled into securities for investors worldwide. No one is suggesting that subprime car loans will unleash the next crisis.
AKRON — Goodyear has promoted Maureen Thune to chief procurement officer, succeeding the retiring Mark Purtilar.
Ms. Thune, an eight-year Goodyear veteran, now is responsible for sourcing and procurement of all raw materials, equipment, supplies and services across the company globally.
Since 2009, Ms. Thune has served in a variety of financial leadership roles with Goodyear, most recently as vice president of internal audit.
Paris – Arkema SA is to increase its global production capacity for its Pebax polyamide-polyether thermoplastic elastomers (TPEs) by 50%, the French group announced 11 July.
The expansion, which is focused particularly on Arkema’s amino 11-based Pebax RNew TPEs, is part of a wider investment programme in bio-based polyamide materials.
Overall, Arkema said it plans to invest €300 million over five years in the bio-sourced nylon 11 chain to increase its global production capacity by 50%.
Firestone Ag, a subsidiary of Bridgestone Americas, hosted 10 Nuffield International Farming Scholars at the Firestone Ag tire plant in Des Moines, Iowa, to provide a glimpse inside the tire manufacturing process.
The Nuffield International Farming Scholars is a global network of farmers that works to provide insight growth to members through leadership.
London – A second-quarter reversal in European replacement tire markets could set a trend for the months ahead, believes Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.
Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales – reversing a positive trend observed earlier this year.
The data, published 14 July, showed a sharp slowdown compared to the first three months of the year. The trend affected all segments, particularly consumer tires which came in 6%…
Engineers of Pirelli developed this tire precisely according to specifications of the Auto-mobile manufacture from the Bavarian town of Buchloe. With this special edition the renowned manufacturer will equip its new models BMW ALPINA B5 Bi-Turbo Saloon and Touring, both with all-wheel drive. ALPINA homologated this version of the P Zero, cus-tomized to the individual characteristics of these car models. The original equipment tyres are easy to recognize by the ALP-marking on the tyre wall.
Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be influenced by rubber futures markets.
Pirelli has named Michael Wendt the head of its sales and production business in Germany. He takes over the position of chief executive officer at Pirelli Deutschland GmbH today, succeeding Frank J. Delesen. The tyre maker reports that Delesen has left the company due to personal reasons.
SoftBank and General Motors are among a group of companies that invested $159 million into U.S. driverless car start-up Nauto on Wednesday. Palo Alto, CA-based Nauto makes cameras that sit inside of the car pointing at the driver, and outside of the vehicle looking at the road. They can track driver behavior in real time, and know if they are distracted. It uses computer vision, which is a form of artificial intelligence, to capture and process all of the data.