TIA Announces 2019 Hall of Fame, Ed Wagner Leadership Awards Recipients

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The Tire Industry Association (TIA) has announced the names of recipients for its 2019 Hall of Fame and Ed Wagner Leadership Awards.

The recipients of the 2019 Hall of Fame Award are:

  • Brent Hesje, CEO of Fountain Tire, Edmonton, Canada
  • The late Frank Holeman, Director of the Tire Industry Safety Council, from 1969-1987

Read the source article at Autosphere.ca

Goodyear signals major restructuring plan in the US

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Akron, Ohio – Goodyear Tire & Rubber is studying a plan to restructure its US operations in a bid to improve business competitiveness, according to chief financial officer Darren Wells.

“We are working on a significant restructuring plan to reduce low-value. high-cost capacity in the US,” Wells said in a 26 July conference call.*

The move will bring about savings “at least as high as the actions in Germany,” said Wells, referring to a reorganisation programme announced in Germany in March.

Read the source article at European Rubber Journal

Interview with The Japan Automobile Tyre Manufacturers Association, Inc. (JATMA)

JATMA was established in September 1947 as an industry organization for Japan’s automobile tire manufacturers. JATMA’s main objectives are to contribute to the development of an automobile tire industry in Japan, and the development of Japan’s economy also. Eventually improvement of Japan’s national welfare will be expected through the development of economy.

 

Read the source article at blog.rubberstudy.com

Carbon Black Inc (CBLK) President & Ceo Patrick Morley Sold $1.5 million of Shares

President & CEO of Carbon Black Inc (30-Year Financial, Insider Trades) Patrick Morley (insider trades) sold 79,380 shares of CBLK on 07/26/2019 at an average price of $19 a share. The total sale was $1.5 million.

Carbon Black Inc has a market cap of $1.36 billion; its shares were traded at around $19.00 with and P/S ratio of 5.31.

Read the source article at Value Investing

Pirelli shareholders to maintain structure till 2023

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Milan, Italy – Major shareholders in Pirelli & C. SpA have agreed to maintain the tire company’s ownership structure until 2023, they announced 30 July.

Shareholders are to sign an agreement 1 Aug to keep the shareholder structure which has been in place since August 2017, said Camfin and Marco Tronchetti Provera (Camfin/MTP) in a release.

Read the source article at European Rubber Journal

USW names new chair of rubber and plastics council

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PITTSBURGH — The United Steelworkers union has named Kevin Johnsen to lead the union’s rubber and plastics industry council.

Read the source article at Tire Business

OK Tire Announces New Plans for Newfoundland Distribution Centre

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OK Tire has announced its plans to upgrade and relocate its Newfoundland distribution centre.

The new centre will be moved to Mount Pearl from the town of Clarenville. The relocation is aligned with OK Tire’s $100 million-dollar expansion plan across Canada over the next five years.

Read the source article at Autosphere.ca

Michelin appoints new ad agency

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CLERMONT-FERRAND, France—Michelin has selected Paris-based ad agency BETC as its new strategic agency.

The final choice was between BETC and Ogilvy, Michelin said in a June 20 statement.

Read the source article at Rubber and Plastics News

Conti targets small cars with new hybrid drive

Hanover, Germany — Continental has not yet spun off its powertrain division — to be called Vitesco Technologies — but the supplier is already displaying some of the technologies it hopes to pitch to automakers in the coming years.

Chief among them is a 48-volt drive system that Continental says allows full-electric operation without the complexity, cost and weight of a typical high-voltage hybrid.

The system consists of a new 30 kW, water-cooled electric motor positioned between the…

Read the source article at European Rubber Journal

Sentury’s US plant on hold ‘indefinitely’

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LaGrange, Georgia — China’s Qingdao Sentury Tire Co. Ltd has put on hold indefinitely plans to build a car and light truck tire plant in the US, according to various sources close to the project.

The company had disclosed plans in September 2016 to invest $530 million to build a plant in Troup County, Georgia.

The facility was to have capacity to produce 12 million car and light truck tires a year at full capacity, and generate up…

Read the source article at European Rubber Journal