Editorial: GM sustainable NR efforts off to impressive start

With climate change, deforestation and water becoming increasingly important issues, assuring natural rubber sustainability has become crucial to every industry that depends on NR. And while it’s been less than a year since General Motors pledged to support sustainable rubber production, it’s clear that the auto maker has made progress in this laudable goal.

Of course, tackling this issue isn’t a short-term goal, and one that can’t be done alone. To that end, the Detroit-based automotive giant has worked to gain the support of a wide coalition of allies to the effort. It’s encouraging, as well, to see the effort put forth over the past nine months.

Four of the world’s top tire producers were there last May when GM made its initial announcement, and the auto maker soon after had a prominent role in delivering presentations at Michelin’s advanced mobility conference in Montreal. Then this past November at a meeting of the Tire Industry Project, CEOs of 11 tire makers vowed to take the necessary steps to lead to sustainable NR.

Read the source article at Rubber and Plastics News

China will contest any ‘unfair’ U.S. trade measures on steel: think-tank

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MANILA (Reuters) – China will oppose any “unfair and unreasonable” trade measures by countries such as the United States against its steel companies, a Chinese government think-tank said on Tuesday, arguing protectionism will “poison” the industry.

“Certainly we will protest against unfair and unreasonable measures launched by some countries such as the U.S.A. towards Chinese steel companies,” the China Metallurgical Industry Planning and Research Institute said in an email to Reuters.

“We will also study and discuss the counter-measures to try to seek a fair position for Chinese companies without any violation of W.T.O. (World Trade Organisation) agreement.”

Read the source article at Global Rubber Markets News

Hexpol marks ‘best year ever’

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MALMO, Sweden — Hexpol A.B. has posted what it claims is its best year so far in terms of financial results.

In 2017, group sales rose 12 percent year-on-year to $1.5 billion, while operating profit increased 3 percent to just under $253.2 million, Hexpol said Feb. 2.

These results were posted during a fourth quarter that faced “continued raw materials price pressure” as well as a 3.5 percent decline in operating profit to $59.1 million, compared to the same quarter in 2016.

Read the source article at Rubber and Plastics News

Tire Guru integrating Tiremetrix registration, TPMS platforms

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LOGAN, Utah — Business management software developer Tire Guru Software has begun integrating Tiremetrix L.L.C.’s Tire Registration Plus and TPMS Manager platforms with its own Business Center products.

Read the source article at Tire Business

Akron: World’s One-Time Rubber Capital

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Akron, the fifth-largest city in the U S, has long been known as the Rubber Capital of the world thanks to the presence of a host of major rubber and tyre companies and industry organisations. It is also popularly known as Rubber City and City of Invention

Read the source article at Rubber Asia

GM reports $3.9 billion loss for 2017

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General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale. But GM’s continuing operations made $300 million last year, still down 96 percent from 2016. The Detroit automaker’s earnings-per-share reached $6.62. GM said last month it expected earnings-per-share of $6.50.

Read the source article at The Detroit News

Continental : Schaeffler has e-mobility orders worth $1.25 billion – Automobilwoche

FRANKFURT (Reuters) – German automotive supplier Schaeffler (>> Schaeffler) has bagged orders worth at least 1 billion euros (885.17 million pounds) in sales in the area of electric mobility, one of the group’s board members has told a weekly paper.

Schaeffler, the largest shareholder of tyre and auto parts group Continental (>> Continental), earlier this year set up a unit for electric mobility, as most major carmakers are revamping their business towards battery-powered vehicles.

Read the source article at Stock Market Quotes and News

J.D. Power’s 2016 sale to Chinese firm shrouded in mystery, report says

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The 2016 deal for J.D. Power left a U.S. company famed for enhancing transparency — shining a light on quality and customer satisfaction in the automotive and other industries — owned by a private Hong Kong company that was soon embroiled in a largely hidden dispute in China over the source of its funding. The 2016 deal for J.D.

Read the source article at Front Page

Hyundai, Michelin developing tires for electric vehicles

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CLERMONT-FERRAND, France—Hyundai Motor Co. has entered into a technical partnership with Michelin to develop tires for electric and luxury vehicles.

The co-operative deal links the companies’ research and development work and will enable Hyundai to strengthen its capabilities in tire performance technology, the South Korea car maker said.

Hyundai representatives visited Michelin’s R&D center in Clermont-Ferrand to sign the agreement.

“Within the partnership, Hyundai Motor and Michelin will work together to develop a new all-season tire for electric vehicles,” Hyundai said.

Read the source article at Rubber and Plastics News

Global automotive rubber seal market to cross $14.5 billion by 2022: Report

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The global automotive rubber seal market is expected to cross $ 14.5 billion by 2022, says a TechSci Research report. The driving factors include rising demand for rubber seals from OEMs, growing rubber seal sales in the replacement market across the globe, and increasing penetration of passenger cars in developing countries.

Read the source article at Rubber Asia