Michelin remains the world’s most valuable and strongest tire brand with a brand value of US$7.1 billion and a BSI score of 86.2 out of 100. Michelin is by far the strongest brand in the tire segment with an advantage of 9 BSI points over the second strongest brand in the industry, Bridgestone (up 1% to US$7.0 billion). Michelin is the thought leader in the industry, its product diversification into punctureless tires with its Uptis prototype and association with premium events and excellent performance, have helped the brand maintain its strength and status
TOKYO (June 25, 2020) – Bridgestone Corporation (Bridgestone) announced it has completed the purchase of the iTrack Solutions Business from UK-based Transense Technologies PLC (Transense).
iTrack is a globally-preferred provider of tire management solutions for the off-the-road (OTR) vehicle market. The business offers a comprehensive tire pressure monitoring system (TPMS) specially designed for mining tires. In addition to tire temperature and pressure monitoring, the iTrack tire management platform provides customizable geofencing, speed alerts and more to help mining customers optimize their operations for increased productivity and profitability.
Bridgestone says the Bandag MaxTread line features Bandag retreads as a stand-alone, single unit tire solution, rather than a traditional tire cap and casing offering. The line includes trailer, drive and all-position fitments for light truck, waste, long haul, severe service and pickup and delivery applications.
Cambridge, Ontario; June 11, 2020—Tire and Rubber Association of Canada announces the outcomes of its virtual 100th Annual General Meeting held on June 9, 2020.
1) The members duly elected the Board of Directors and Officers:
Tony Mougios Chair (Michelin North America (Canada) Inc.)
Maureen Kline 1st Vice-Chair (Pirelli Tire Inc.)
Paul Downey 2nd Vice-Chair (Pliteq Inc.)
Matt Livigni Treasurer (Continental Tire Canada Inc.)
Neil Bansal Western Rubber Group
Chris Bitsakakis AirBoss of America Corp.
Paul Christou Goodyear Canada Inc.
Keshav Das BKT Tires (Canada) Inc.
Darious Naylor Bridgestone Canada Inc.
Robert Rist Cabot Canada Ltd.
2) The Board moved to establish a new End-of-Life Tire Standing Committee. Led by Dr. Barry Takallou of CRM of Canada Processing, the Committee will manage all issues related to tire and rubber recycling.
3) Following Glenn Maidment’s announced retirement at the end of 2020, the Board moved to set up a Search Committee which will manage the screening and interviewing of potential candidates for a new President.
The Tire and Rubber Association of Canada (TRAC; www.tracanada.ca) is the national trade association representing the interests of tire and other rubber manufacturers and importers of rubber goods into Canada, together with rubber recyclers and suppliers whose goods or services directly relate to our industry. The Association was established in 1920 under the name The Rubber Association of Canada, only recently changing its name to the Tire and Rubber Association of Canada to more accurately reflect the Association’s role within the industry and what it does for its membership.
Bridgestone is temporarily shutting plants in Japan due to a decline in demand.
The plants that are being shut down cover tire production for cars, aircraft, motorcycles, trucks and buses.
In Fukuoka, the Kurume plant will shut its aircraft tire plant from May 27-June 1, June 3-4 and June 6-7, and the section producing tires for passenger cars will be shut from May 28 -June 1.
Bridgestone Americas (Bridgestone) is executing the final phase of a restart plan for its manufacturing operations in North America and Latin America, that began the week of May 11.
The company is targeting the end of May for its North American passenger tire plants and all manufacturing facilities in Latin America to resume operations. The ramp-up of these remaining production facilities will bring all Bridgestone Americas manufacturing locations back into operation, the company says.
TOKYO—In reporting its first quarter financial results, Bridgestone noted that it expects demand for OE and replacement tires to be “substantially lower” than indicated in its February forecasts.
Tokyo – Bridgestone Corp. results have been significantly impacted by the outbreak of Covid-19 pandemic, which led to global production suspensions and low demand.
Adjusted operating profit from the three months to end of March fell 39% to just under Yen50 billion (€430 million), on 11% lower sales of Yen752 billion.
Lower volumes had a negative impact of Yen29 billion on profitability while, price mix and raw material effects helped partially offset the costs.
London – Tire and rubber companies feature prominently in a ranking by sales of the top world’s largest automotive parts suppliers, compiled by business magazine Forbes.
Topping the table is Continental with sales of $52.4 billion in 2019, of which $19.5 billion was generated by the German group’s Rubber Division – comprising its Tires and ContiTech rubber product businesses.
Cambridge, Ontario; April 23, 2020—Tire and Rubber Association of Canada (www.tracanada.ca) announces appointment of Bridgestone’s Darious Naylor as member of the board.
“Darious will contribute a unique strategic vision and executive insights to our organization. His appointment as board member reflects on his experience and leadership as a consummate industry professional,” says Glenn Maidment, TRAC’s President.
Naylor joined Bridgestone in 2016, and…