Nokian Tyres appoints Westerlund as VP and CIO

Nokian Tyres has appointed Frans Westerlund vice president, CIO and Processes. He will join the company’s management team on 1 August 2017 and will report to the president and CEO.

Westerlund joins the Finnish tyremaker from global tools brand Fiskars where he is currently SVP, CIO, head of business processes and IT. He has been a member of the Fiskars management team since 2009.

Before joining the home, office and garden tool company, Westerlund held several information communications technology (ICT)-related positions at Nokia.

Andrei Pantioukhov, interim president and CEO of Nokian Tyres, commented: “Processes and ICT are strategic enablers for profitable growth of the company and digitalization adds value to both consumer and customer experience. Westerlund has strong expertise and experience in business transformation programs and building process and ICT platforms in consumer goods companies. We are happy to welcome him on board.”

Read the source article at Tyrepress

With Hungary plant, Apollo Tyres eyes 3.5% market share in Europe

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With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2.5 per cent in Europe. And, it plans to start supplying to major brands, including Volkswagen and Mercedes-Benz. It also said the US would be its next stop for building brands. Apollo Tyres Vice-Chairman and Managing Director Neeraj Kanwar said its Vision 2020 for Europe was to be a premium brand both in terms of size and price.

Read the source article at business-standard.com

Synthetic rubber suppliers face a crude hard truth

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This observation — by Yuka Kimoto, director of marketing for Lion Elastomers — is the accepted wisdom in the synthetic rubber market, and with good reason.

Prices for a wide swath of synthetic rubbers have gone sharply up in the past few months, sparked by equally sharp increases in butadiene, methanol and other petrochemical feedstocks.

Considering oil prices alone, there is no reason to believe that feedstock prices — and, with them, SR prices — are coming down any time soon. As of March 30, futures for both West Texas Intermediate Crude and Brent Crude were at a three-week high, at around $50 or so per barrel, indicating bullish prices for anything based on petroleum.

However, according to authoritative sources, butadiene prices are starting to fall.

The reason is another well-known factor, in SR and in every other commodity: supply and demand. In the case of butadiene, there was another issue: location, location, location.

Scheduled and unscheduled maintenance shutdowns for butadiene facilities in Asia and Europe placed limits on the availability of butadiene, according to sources who spoke to Rubber & Plastics News and European Rubber Journal.

An unexpected surge of demand for butadiene in China, starting in the fall of 2016 and continuing into 2017, caused Asian butadiene prices to soar as high as $3,000 per metric ton. North American and European prices, though never as high as in Asia, rose accordingly.

Read the source article at Global Rubber Markets News

Global Automotive Rubber Molded Components Market – Forecasts and Trends (2017 – 2022)

The global automotive rubber moulded components sales grew from 65 million during the 2008-09 recession to over 89 million in 2015, with a spike of over 19% during the past seven years. In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Further, with chemical companies such as Chem-Trend coming up with better release agents and moulding process aids, the market for automotive rubber moulded components is expected to touch USD 45.16 billion by 2021. Technological advancements have been the major trigger for this growth. Innovations such as Ford’s eco-friendly rubber parts using soy oil and research labs trying to come up with better and durable rubber materials like EPDM are expected to drive the market at a CAGR of 6.26% by till 2022.

 

Read the source article at Global Information, Inc. (GII)

Supply and demand of neutral bearish rubber fell sharply

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March, natural rubber continued unilateral decline in the trend continued to continue unilateral decline, and continue to hit a new low, but then encounter, stabilized stabilized, and returned to a technical rebound, which reflects the supply and demand of natural rubber market The relationship is reversed from the background and the essence of the reversal.

Prospects and Strategy Suggestions

Looking forward to April trend, by the international and domestic aspects of the neutral factors of the neutral intertwined effect, in the surrounding Tokyo City, Singapore rubber market both down the trend of deep down, Hujiao market outlook will continue the formation of the original deep down Of the trend, while subject to the global macroeconomic and financial situation neutral factors, although the short-term may fall sharply, but the medium-term may return to the low regional concussion trend, the operation should be short-term low-absorbing high-throwing.

Read the source article at Global Rubber Markets News

C2C certification for Klean Industries’ pyrolysis plant

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Canada-based gasification and pyrolysis waste conversion technologies provider Klean Industries Inc. shares that one of its facilities has become the world’s first tyre pyrolysis plant to receive Cradle to Cradle (C2C) certification. This C2C certification by McDonough Braungart Design Chemistry LLC follows a 12-month study of the Klean Industries production process and the end uses of the recycled carbon and oil products that derive from it.

According to the company, one factor that sets it apart from other tyre pyrolysis technologies is its ability to convert tyre char into products that are utilised by end users in a multitude of product applications. “This is accomplished using our proprietary technologies that produce a recovered carbon black (rCB) to a standard unseen by any other technology providers, hence our commercial success,” shares Klean Industries in a statement. As far as the company is aware, it is currently the only group re-integrating recovered carbon black in new tyres with major tyre manufacturers around the globe.

Klean Industries’ certifications for technology and products include: ISO 9001, 14001, 14064, 14067; CE and UL ECOLOGO certifications; Carbon Footprint Certificates; Green Product Certificate; REACH Certification; EPD ClassII Enviro-Labeling 485 & 486; Cradle to Cradle Certified.

Read the source article at Tyrepress

Jim Cramer – 6 things causing the market’s spring slowdown

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For Jim Cramer, Thursday’s big bank earnings reports could not be more important to this ailing market. For over 36 years, the stock market has edged up, resulting in overall higher prices and an eight-year streak of bullish sentiment. “But every big move, every move that had really any impact, always had the banks as one of the major leadership groups,” the “Mad Money” host said.

 

Read the source article at cnbc.com

Goodyear positioned to benefit from industry trends

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Trends in the global tire industry play to the strengths of The Goodyear Tire & Rubber Company and its strategy to drive profitable growth.

“The accelerating shift to high-value-added tires for both consumer vehicles and commercial trucks is the main product trend shaping the future of the tire industry,” Chairman, Chief Executive Officer and President Richard J. Kramer said at the company’s recent annual shareholder meeting.

Read the source article at Traction News

Aeolus becomes Prometeon Tyre Group

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On 13 April TP Industrial Holding – a company controlled by CNRC (the tyre division of ChemChina) – confirmed that agreements have been signed with CNRC, Aeolus and High Grade (HK) Investment Management Limited for the full integration of its controlled Industrial activities with the other assets of the sector belonging to CNRC, including Aeolus and Guilin Beili. The formal finalization of this integration is expected by the end of the year, subject to the approval by the relevant authorities, with the contribution into Aeolus of the 52 per cent stake held in Prometeon Tyre Group (formerly Pirelli Industrial).

As a result Aeolus, a company listed on the Shanghai stock exchange, is expected to take on the new English name of “Prometeon Tyre Group Co., Ltd.” upon final completion of the transaction.

Read the source article at Tyrepress

Auto Industry ‘Where It’s At,’ Executives Say

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DETROIT – The automobile industry these days increasingly prefers the open collar to a necktie and it is not just fashion statement, leading executives say, but a cultural shift steadily making engineering jobs in Detroit and Stuttgart more attractive to young talent previously drawn to the laidback lure of Silicon Valley.

“It’s on the way back,” says General Motors Vice President and Chief Technology Officer Jon Lauckner, who also heads the automaker’s venture-capital arm where he has an umpire’s view of startup and investment activity. “People are rediscovering the auto industry.”

Lauckner recalls launching GM Ventures nearly seven ago and “counting on one hand” the number of startups relevant to automotive, whereas today there is a hum of activity in highly germane fields such as artificial intelligence, microprocessors and materials science.

Read the source article at WardsAuto