Lehigh to start up European MRP plant in August

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Hanover, Germany – US-based Lehigh Technologies, which produces micronised rubber powder (MRP) from end-of-life tires is finally set to commission its first European plant.

The several-times-delayed start-up of the unit in Murillo el Fruto, in northern Spain is set for August, VP and general manager Kedar Murthy told ERJ.

Read the source article at European Rubber Journal

Global new car sales: the key trends and what they mean for the future

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In a world characterised by political uncertainties, the automotive industry provides one global constant – the onward march of China’s new car market. China overtook the US as the world’s biggest car market in 2010 and last year consolidated that position with 25.7 million cars sold – that’s eight million more than the US.

Read the source article at Autocar

Hedge fund Bridgewater makes $22 billion bet against European firms

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LONDON/FRANKFURT/NEW YORK (Reuters) – Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent’s biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world’s largest hedge fund manager.

Although data was not available to show whether Bridgewater holds more European stocks than it “shorts” overall, an investor in the hedge fund firm’s Pure Alpha Major Markets strategy said that its position was slightly net “long” on Feb. 6.

Read the source article at Global Rubber Markets News

Tire Technology Expo – opens next week!

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Tire Technology Expo returns for a third visit to the city of Hannover, Germany, next week (February 20-22, 2018). With under a week to go, now is the time to register for your free pass, if you haven’t already!

The exhibition will be even bigger than in 2017, with 280+ exhibitors presenting the latest technology for tire research, development and manufacturing.

Read the source article at Tire Technology International

Pirelli Creates $1,525 Hand-Crafted Skis with Italian manufacturer

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Everyone knows the iconic Pirelli logo in the tire industry, but recently, the tiremaker debuted a limited-edition product in the winter sports market.

The tiremaker’s engineers partnered with Blossom Skis, a small Italian manufacturer of alpine sports equipment, to create limited-edition skis, which feature a layer of vibration-damping rubber inserted by the tiremaker.

Read the source article at Tire Review

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

Menegaux to succeed Senard as Michelin CEO in 2019

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CLERMONT-FERRAND, France — Group Michelin’s board of directors is recommending Florent Menegaux, senior executive vice president and chief operating officer, to succeed Jean-Dominique Senard as CEO when Mr. Senard’s term expires in 2019.

Read the source article at Tire Business

Toyo Tyre (UK) names new president

As of today, Nobuo Yoshida is president of Toyo Tyre (UK) Ltd. He replaces Keishi Inoue in this role. Inoue had been president of the UK-based operation since 1 January 2014, and now becomes general manager of the newly-established International Sales Department No. 1 within Toyo Tire & Rubber’s International Sales Division. This department, together with the new International Sales Department No. 2, replaces the division’s International Sales Department and Global OE Sales Department under restructuring measures that take effect today.

Read the source article at Tyrepress

Kumho appoints former Nexen Tire CEO as new EU president

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Kumho Tire has hired Changrin Suk as its new European president.

Suk has many years of experience gained through various senior positions within numerous Korean companies.

Most notably, he spent more than 20 years at Samsung Electronics and seven years as CEO of Nexen Tire North America, where he was responsible for both the US and Canadian markets.

Read the source article at Tire Technology International

Hankook Expands Supply Deal with Scania

Hankook Tire will supply all Scania’s construction vehicles with tires in an expansion of its current contract with the commercial vehicle manufacturer, according to South Korean news service Yonhap.

Hankook started supplying original equipment tires to the Swedish company in November 2016. The expansion of the deal puts Hankook’s OE tires on the Scania XT truck, the company said in a statement to Yonhap.

Read the source article at Tire Review