The global low rolling resistance tire market at a CAGR of over 10% during the forecast period

NEW YORK, Dec. 2, 2019 /PRNewswire/ — Global Low Rolling Resistance Tire Market: About this market This low rolling resistance tire market analysis considers sales from both aftermarket and OEMs end-users. Our study also finds the sales of low rolling resistance tire in APAC, Europe,…

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Bridgestone building ‘innovation park’ at former tire factory in Tokyo

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TOKYO—Bridgestone is building an “innovation park” as part of its strategy to transform into a global leader in advanced mobility and sustainability.

Read the source article at Rubber and Plastics News

Rubber parts makers invest in Central, Eastern Europe

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LONDON—Central and Eastern Europe continues to offer attractive locations for rubber product manufacturers, as evidenced by three interesting investment projects in the region.

Read the source article at Rubber and Plastics News

Pirelli to cut costs, ‘contain’ investment under new plan

Milan, Italy – Pirelli & C SpA is to reduce costs and contain investment under a 2020-2022 industrial plan, to be presented in the first quarter of next year.

As well as a continuing focus on the high-value segment, the plans will “bring significant reinforcement to the competitiveness of [the] business model,” Pirelli said in a third quarter financial report.

Read the source article at European Rubber Journal

Cooper appoints Ben Patel as CTO

Cooper Tire & Rubber Company has named Ben Patel as senior vice president and chief technology officer (CTO). In his new role, Patel is responsible for product planning and development, as well as engineering and technology across all regions. This means he leads a technology organization that includes a global technical centre as well as technical centres in Asia, Europe and North America.

Read the source article at Tyrepress

NR supply falls 7.3% in first seven months of 2019

Kuala Lumpur – The world production of natural rubber (NR) fell 7.3% year-on-year to 7.039 million tonnes during the first seven months of 2019, according to the preliminary estimates published by the Association of Natural Rubber Producing Countries (ANRPC).

Total product was hit by the outbreak of Pestalotiopsis leaf disease in the rubber producing states, with Indonesia estimating a 15% decline in annual output.

Read the source article at European Rubber Journal

Reuters poll: Trade truce unlikely in 2020 but U.S. recession fears recede – economists

BENGALURU (Reuters) – The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists.

 

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Continental, Osram cut costs as autos downturn hits suppliers – Reuters

FRANKFURT (Reuters) – Auto suppliers Continental (CONG.DE) and Osram (OSRn.DE) plan deeper cost cuts after reporting weaker results on Tuesday, as a global slowdown hits the car industry. Demand in China, the world’s biggest auto market, has fallen for 15 months, while carmakers are under pressure to invest in cleaner and self-driving technologies set to reshape the industry.

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Bridgestone switching Indian operation to EMEA region

Brussels – Bridgestone Corp. is reorganising its strategic business units (SBUs) with the separation of India from the Asia-Pacific region as of 1 Jan 2020, the Japanese tire & rubber company announced 8 Nov.

Under the rejig, the Bridgestone India operation will join the company’s EMEA business unit, which is being renamed Bridgestone Europe, Russia, Middle East, India and Africa (BSEMIA).

Read the source article at European Rubber Journal

Rubber Market to Reach USD 60.38 Billion by 2026; Ongoing Technological Advancements to Propel Growth, Says Fortune Business Insights

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PUNE, India, Nov. 11, 2019 /PRNewswire/ — The global Rubber Market is anticipated to gain impetus from a rise in the demand from tire and non-tire automotive parts sector. This information is published in a report by Fortune Business Insights, titled, “Rubber Market Size, Share &…

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