Online tire sale platform
The online retailing helps in reaching out too many consumers without launching stores and this results in cost benefits which are ultimately passed on to the customers. Moreover, increasing spending on e-commerce platform by OEM’s due to high internet penetration rate will drive the online tire market during the forecast period as well.
Read the source article at openPR.com
The first 100 percent Liberian owned rubber plant was inaugurated in the country. The Cooper Rubber Processing Plant (CRPP) will manufacture retreaded tyres, roofing materials, electrical insulators, fixtures PVC pipes, fittings, and rubber gloves. The CRPP plant is located in Blagai, Bomi Highway.
Read the source article at Rubber Asia
E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025 Albany, NY — ( SBWIRE ) — 05/11/2018 — Global E-commerce Automotive Aftermarket Market: Overview The automotive industry is flourishing in the emerging economies of China and India on the back of increasing income per capita of the urban populations. Since these two countries are vastly populated, the automotive industry is expected to continue gaining new demand for a foreseeable future.
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London – First tires are expected to roll out from a new Algerian tire plant in the third quarter of 2018, according to project support firm Black Donuts Engineering.
The first phase of the project will see the production of roughly 2 million passenger car tires a year, said Kai Hauvala, the founder of the Finland-base Black Donuts.
There is “most probably” also a plan to expand the PCR capacity and go into TBR production at a later stage, added Hauvala, whose company is offering technical support…
Read the source article at European Rubber Journal
Pirelli & C. S.p.A. has reported a 7.6 per cent increase in revenues, to 5.35 billion euros, for the 2017 financial year. This figure is below the growth target of approximately nine per cent set for 2017; Pirelli says this lower growth was due to a greater than anticipated forex impact and the acceleration of the reduction of exposure to its ‘standard’ segment.
Read the source article at Tyrepress
Stefano Sanchini has been appointed sales director for Bridgestone in the Middle East & Africa region. He joins Bridgestone from Goodyear, and although the tyre maker only recently announced his appointment, Sanchini has been with Bridgestone since August 2017.
Read the source article at Tyrepress
The Synthetic Rubber Market is Estimated to Be USD 28.88 Billion in 2017 And is Projected to Reach USD 37.82 Billion By 2022, Registering a CAGR of 5.5% Between 2017 And 2022.
Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in a wide range of applications, its major application is in tires. There has been a growing demand for synthetic rubber from applications, such as tire, non-tire automotive, footwear, industrial, and others. Environmental regulations related to synthetic rubber may act as a restraint for the synthetic rubber market.
Based on type, the NBR (nitrile butadiene rubber) segment is projected to witness the highest growth during the forecast period. NBR is mostly used in applications where high oil resistance is required. Increasing demand for hoses, belts, and cables in the manufacturing and automotive industries in APAC, is likely to fuel the growth of the NBR segment over the forecast period. Rapid industrialization in China and India is anticipated to drive the demand for NBR in APAC over the next six years.
Read the source article at PR Newswire
Goodyear Tire announced today that it has agreed to acquire Ventech Systems, an automated tire inspection technology company, from Grenzebach Maschinenbau.
Ventech Systems (https://ventech.de/en), based in Dorsten, Germany, delivers innovative measuring devices for the vehicle industry. The company was founded in 2006. It provides a fully-automated tire inspection system that quickly and easily checks tire pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles.
Read the source article at Traction News
AKRON — Goodyear is pushing further into the fleet management business by agreeing to buy Ventech Systems G.m.b.H., a Germany-based developer of automated tire inspection technology under the trade name PneuScan.
Read the source article at Tire Business
Goodyear Tire & Rubber Co. has named Chris Delaney as president of Goodyear’s Europe, Middle East, and Africa business unit; Ryan Patterson as president of Goodyear’s Asia Pacific business unit; and Scott Rogers as the new North America consumer business.
Read the source article at Tire Review