Hankook Tire Listed by Dow Jones Sustainability Indices World for the Fifth Consecutive Year

curata__JkLUDq5QomYBsc2.jpeg

NASHVILLE, Tenn., Nov. 16, 2020 /PRNewswire/ — Global leading tire company Hankook Tire announced that the company has been listed in the Dow Jones Sustainability Indices (DJSI) World for the fifth consecutive year. The DJSI tracks the stock performance of the world’s leading companies…

Read the source article at PR Newswire

BKT’s giant tire: here is EARTHMAX SR 468

curata__ZoHlSJSJbxf8IwV.jpeg

Seregno (Italy), October 20, 2020 – BKT’s wide range of specialist Off-Highway tires welcomes a new, truly Giant product. It is the EARTHMAX SR 468 and it has been designed to fit out rigid dump trucks. So far the prototype has been made in the 40.00 R 57 size and is ready to be tested in coming months by BKT engineers.

Read the source article at bkt-tires.com

Nikolai Setzer to Succeed as CEO of Continental

Continental CEO Elmar Degenhart is stepping down amid a push by the supplier to overhaul management and speed up structural changes.

Degenhart, 61, is resigning his post “for reasons of immediately necessary preventive health care,” Continental said in a statement on Thursday.

The company did not name Degenhart’s successor. It said its supervisory board will meet shortly to decide on the appointment of a new CEO.

Degenhart will be succeeded by the head of the supplier’s core automotive operations, Nikolai Setzer, Bloomberg reported, citing people familiar with the matter.

Read the source article at Automotive News Europe

TIA Gives Legislative Update at Honors Ceremony

curata__S2fQkDI3QiZdOF3.jpeg

The Tire Industry Association‘s Roy Littlefield III, CEO, and Roy Littlefield IV, director of government affairs, updated TIA members on key legislative issues that the organization is following for its members during Monday’s Tire Industry Honors Ceremony.

 

 
 

Read the source article at Tire Review

DuPont sees strong annual profit as auto sector recovers, signals more cost cuts | Reuters

curata__6okEcvfK3b9Zbza.png

Oct 29 (Reuters) – Industrial materials maker DuPont on Thursday forecast full-year profit above Wall Street expectations as it kept a tight check on costs and benefited from a recovery in the automotive industry, one of it biggest markets. The company, which makes everything from brake fluid to fabric used in protective garments, has been cutting costs to battle weak demand in several industries due to the COVID-19 pandemic.

Read the source article at Business News

Michelin Revises Its Guidance for 2020 Upwards

Outlook for 2020: in a still highly uncertain environment, and taking into account the recent change in tire demand, Passenger car and Light truck tire markets are expected to decline by 13% to 15% over the year, Truck tire markets by between 12% and 14% and the Specialty markets by 15% to 19%. With these new forecasts and the cost reductions linked to the circumstances, the Group is revising its guidance for 2020 upwards, with segment operating income in excess of €1.6 billion at constant exchange rates and structural free cash flow* in excess of €1.2 billion, barring any new systemic effect** from Covid-19.

Read the source article at Send Press Releases with GlobeNewswire

Trelleborg Interim Report: July – September 2020

“During the third quarter, sales declined 12 percent, of which organic sales declined 7 percent. Exchange rate effects had a negative impact on sales of 5 percentage points. EBIT, excluding items affecting comparability, declined 4 percent, corresponding to an operating margin of 12.9 percent (11.7). The operating margin for our core businesses amounted to 13.7 (13.3). Operating cash flow, in relation to operating profit, was strengthened significantly. …

We see today that new local restrictions are being imposed as the spread of the infection continues. We foresee a tougher climate during the fourth quarter of the year, not least in the oil & gas segment, and a recovery in the aerospace segment will not occur until further into the future. We continue to adapt to the constantly changing conditions and we are doing this well. However, our general assessment in the current situation is that demand for the fourth quarter will be on a par with the third quarter”, says Peter Nilsson, President and CEO.

 

Read the source article at Trelleborg AB

Continental: Interview with Alejandro Agag, CEO of Extreme E

Hanover, Germany, September 2020. Continental is a founding partner and, as of 2021, the premium sponsor of the Extreme E series. The technology company will equip all vehicles in the races with tires for the various events, which will all prove very challenging. In this interview, Alejandro Agag, CEO of Extreme E and Formula E, talks about the special fascination of the new format. He talks about the beginnings and the social aspirations of the innovative E-SUV series, but also about the partnership with Continental and the extraordinary importance of tires.

Read the source article at continental.com

World trade rebounding slowly, outlook uncertain: U.N. report

GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

Read the source article at Global Rubber Markets News

Nokian Tyres Celebrates Pair of Sustainability Milestones

One year after Nokian Tyres opened its North American tire production facility in Dayton, Tennessee, the company says it is celebrating a pair of milestones.

The factory’s production building has earned LEED v4 Silver certification, and the company is opening what it calls an “eco-friendly, life-driven administration building” on the 135-acre campus.

Nokian says the facility earned LEED v4 Silver certification thanks to a range of sustainable elements, including:

Read the source article at Tire Review