Shifting trends impact truck tire, retread industries

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Despite all of the marketplace challenges, commercial tire dealers and retreaders are very optimistic about the future, as am I.

Read the source article at Tire Business

Rubber-related Chinese imports subject to tariffs

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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

US petrochemicals industry alarmed at potential China tariffs

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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

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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 Tire union accepts takeover deal to avert bankruptcy

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SEOUL — Workers at troubled Kumho Tire have approved the company’s acquisition by Chinese peer Qingdao Doublestar after a standoff that went down to the wire, saving South Korea’s No. 2 tire maker from a likely bankruptcy.

The Kumho labor union voted Friday night in favor of the 646.3 billion won ($607 million) deal, which would give Doublestar a 45% stake in the company. Kumho’s creditors had set a deadline of Friday for labor to accept the plan, after which the deal would have been scrapped.

Read the source article at Nikkei Asian Review

Global NR production likely to increase 3.7% in 2018: ANRPC

The Association of Natural Rubber Producing Countries (ANRPC) has predicted that the global outlook of Natural Rubber (NR) supply in 2018 is anticipated at 13.784 million tonnes, up 3.7% from 13.287 million tonnes in 2017. During January-February 2018, the world NR production was 2.207 million tonnes, compared to 2.116 million tonnes during the same period in 2017, said the February 2018 Natural Rubber Trends and Statistics report by ANRPC.

Read the source article at Rubber Asia

Tyre e-tailing gaining appeal

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With one estimate claiming that internet sales of tyres across Europe will reach 5.5 million euros annually by 2021, this is a bandwagon to watch. With many tyre brands scratching ever harder to find new routes to market, the appeal of the internet is obvious and even perhaps a last resort.

As this column has commented on before, the efforts of the major manufacturers to strengthen their hold on retail distribution and increasingly to buy up wholesalers too will inevitably reduce the scope of smaller brands to reach the consumer. Against the backdrop, brand-specific web shops are a clear attraction.

Read the source article at Rubber Asia

Camso raising aftermarket prices globally up to 6%

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Magog, Quebec — Camso Ltd. is planning to raise aftermarket prices globally in the coming months on its range of solid and pneumatic tires, tracks and track systems by between 1% and 6%.

Camso cited rising raw materials, logistics and other operating costs as the reasons for the increases. The timing of the increases will be based on market dynamics in North America, Europe, the Middle East and Asia Pacific, Camso said.

Read the source article at European Rubber Journal

China calls U.S. repeat abuser of world trade rules as tariffs loom

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BEIJING (Reuters) – China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports.

The U.S. tariffs on Chinese imports worth as much as up to $60 billion are set to be unveiled later on Thursday, raising fears that the world’s two largest economies could be sliding toward a trade war.

Read the source article at Global Rubber Markets News

Kuraray’s liquid rubber enhances ice grip

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TOKYO — Specialty chemicals producer Kuraray Co. Ltd. has developed a reactive liquid rubber that it claims can be used in tread compounds to enhance the ice-grip performance of winter tires.

Read the source article at Tire Business