TRAC News

Your Corner Wrench: Winter tires are no good for warmer weather

Posted on April 10, 2018 by

It’s a common occurrence this time of year – you pull out your summer tires, getting ready for the seasonal change-over and find that they’re pretty well shot. Your plastic is still maxed out from Christmas shopping and there’s no great tax return in your future. The winter boots on your ride still have lots of tread left on them, so you decide to let them ride for a while – and maybe even the entire summer. What’s wrong with that idea?

Read the source article at driving.ca

Conti expects modest rises in tire-demand during 2018

Posted on April 10, 2018 by

Hanover, Germany – Continental AG expects demand for passenger car tires and light commercial vehicles replacement tires to grow 3% in 2018, according to its annual report.

“The Asian market is expected to contribute around 60% of this increase, with growth of 5%,” said the German tire and technology supplier.

Market expansion, it added, will be primarily driven by China – as in previous years – with further growth in vehicle parc.

Read the source article at European Rubber Journal

Kumho Tire says to issue shares to China’s Doublestar worth $604 mln

Posted on April 10, 2018 by

Forex Kumho Tire says to issue shares to China’s Doublestar worth $604 mln South Korea’s Kumho Tire said on Friday that it plans to issue new shares worth 646 billion won ($604.99 million) to Qingdao Doublestar Co Ltd as part of an agreed deal for the Chinese company to assume control over it.

Read the source article at SHARENET

USTMA welcomes Giti Tire USA as newest member

Posted on April 10, 2018 by

U.S. Tire Manufacturers Association (USTMA) welcomed Giti Tire USA as its newest member. The USTMA Board of Directors unanimously approved the company’s membership at the association’s spring Board of Directors meeting.

Tire manufacturers that produce tires in the U.S are eligible for USTMA membership. Giti began tire production at its new Richburg, S.C. facility in October of 2017. The company’s U.S. headquarters is in Rancho Cucamonga, Calif.

Read the source article at Traction News

Rubber-related Chinese imports subject to tariffs

Posted on April 5, 2018 by

WASHINGTON—At least 10 categories of tires, rubber, rubber products and rubber processing machinery are on the list issued by the Office of the U.S. Trade Representative of goods imported from China that are subject to a 25 percent tariff. The USTR issued the list on its website in response to the order President Trump signed […]

Read the source article at Global Rubber Markets News

New mobility: Will tire makers ever see the light?

Posted on April 5, 2018 by

Original article published in ERJ’s March/April issue.

Electric vehicles, connected mobility and autonomous driving, are forecast by many to radically change the way we all travel around in the not-too-distant future.

While there is clearly an element of technology-push and hype around such developments, there seems little doubt that some big changes are on the way.

Read the source article at European Rubber Journal

US petrochemicals industry alarmed at potential China tariffs

Posted on April 5, 2018 by

China’s plan to impose 25% tariffs on 106 US products, in response to President Donald Trump’s proposed import taxes on $50 billion in Chinese goods, includes several petrochemical products for which the Asian country is a critical export market, prompting a swift response from the industry’s trade group. “China is one of the US chemical […]

Read the source article at Global Rubber Markets News

Trade court remands OTR duty case to Commerce

Posted on April 5, 2018 by

NEW YORK — The U.S. Court of International Trade is ordering the U.S. Department of Commerce to recalculate antidumping margins it issued against five Chinese off-the-road tire companies in a 2016 administrative review.

Read the source article at Tire Business

Kumho union votes for Doublestar takeover

Posted on April 5, 2018 by

Seoul – Kumho Tire’s labour union has voted in favour of a plan to sell a 42.01% majority share of the South Korean tire maker to China’s Doublestar Tyre, according to business news website, The Pulse.

The 2 April report said more than 2,700 unionised workers took part in the vote, of which 60.6% were in favour of the sale to the Chinese company.

Chinese investors led by Qingdao Doublestar told ERJ in March that they had reached an agreement with Kumho’s shareholder Korea Development Bank to…

Read the source article at European Rubber Journal