AirBoss Announces 1st Quarter 2018 Results and Dividend

NEWMARKET, Ontario, May 09, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) ($US except where otherwise noted) Highlights: Consolidated net sales increased by 15.2% to $80.5 million Net sales in the Engineered Products’ defense business more than doubled EBITDA increased by 7.2% to $7.5 million Quarterly dividend paid of C$0.07 per share Basic and diluted earnings per share of $0.14 per common share compared to $0.12 per common share in Q1 2017 Three months ended March 31 (In thousands of US dollars) 2018 2017 Net Sales 80,549 69,927 Gross …

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Sales, Earnings Up at Yokohama in Q1 2018

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The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first quarter (January to March) of fiscal 2018. Profit attributable to owners of parent increased 18.0% over the same period of the previous year, to 9.3 billion yen.

Read the source article at Tire Review

Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018

Although held back by exchange rate effects, net sales at Nokian Tyres were higher in the first three months of 2018 than a year earlier. Sales were up 3.1 per cent to 336.0 million euros; had the exchange rate effect been neutral, the tyre maker estimates that net sales would have increased 9.3 per cent year-on-year. Nevertheless, Hille Korhonen, president and chief executive officer of Nokian Tyres, referred to the result as “a good start of the year.”

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Market forces tighten silicone sector supply, spike prices

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AKRON—Tightness in silicone supply is straining the market, bringing on higher prices and causing trouble for steady sources, with no relief in sight until at least 2019, industry insiders said.

Read the source article at Rubber and Plastics News

Goodyear Reports 1st Quarter 2018 Results

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The Goodyear Tire & Rubber Co. has reported results for the first quarter of 2018.

“We are pleased with our first quarter results given higher raw material costs and weaker demand than we expected in the quarter,” said Richard Kramer, chairman, CEO and president. “These results were highlighted by our performance in the 17-inch-and-larger segment in consumer replacement, which delivered more than double the industry growth in the U.S. and Europe.”

Read the source article at Aftermarket News

Auto suppliers dividing to conquer

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Auto component suppliers around the world are tearing themselves apart. They are convinced that by no longer being conglomerates, they will gain favor from investors and industry customers. And so, like amoebas under a microscope, parts makers are splitting in two, separating self-driving operations from drivetrain business units, old technologies from new, or selling off divisions deemed inessential for growth in the new era of electrified, connected and autonomous vehicles.

Read the source article at Front Page

China blames U.S for trade frictions, says negotiations currently impossible

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BOAO/BEIJING, China (Reuters) – China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under “current circumstances”.

The comments come after U.S. President Donald Trump on Sunday predicted China would take down its trade barriers, and expressed optimism that both sides could resolve the issue through talks.

Chinese state researchers and media talked down the likely impact of U.S. trade measures on the world’s second largest economy and described the Trump administration’s posturing on trade as the product of an “anxiety disorder”.

Read the source article at Global Rubber Markets News

Vystar Acquires Assets of NHS Holdings

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WORCESTER, Mass., April 23, 2018 (GLOBE NEWSWIRE) — Vystar Corporation (OTCPink:VYST) has acquired the assets of NHS Holdings, LLC (NHS) executing on the first part of the company’s vision to move into direct product offerings made from Vytex® latex.  NHS was the exclusive U.S. distributor of Vystar’s Vytex® natural rubber latex foam to manufacturers for use in over 200 home furnishings products, including mattresses, toppers

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Kumho Tire says to issue shares to China’s Doublestar worth $604 mln

Forex Kumho Tire says to issue shares to China’s Doublestar worth $604 mln South Korea’s Kumho Tire said on Friday that it plans to issue new shares worth 646 billion won ($604.99 million) to Qingdao Doublestar Co Ltd as part of an agreed deal for the Chinese company to assume control over it.

Read the source article at SHARENET

LyondellBasel Industries: Great Long-Term Investment

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It’s been quite hard to find companies that produce high returns with little capital investments to maintain their underlying economic earnings. LyondellBasell Industries (NYSE:LYB) is one of those great franchise companies that Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) would probably purchase.

 

Read the source article at Value Investing