India slaps anti-dumping duties on Chinese truck and bus tires

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New Delhi, India – The Indian government’s ministry of finance has imposed anti-dumping duties on radial truck and bus (TBR) tires imported from China, according to an 18 Sept official notice.

The decision followed an…

Read the source article at European Rubber Journal

Nokian Tyres Breaks Ground on New Tennessee Plant

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Patti Renner returns to Babcox Media as editor of Tire Review. Since leaving Babcox in 1997 (former editor of Underhood Service), she owned and operated a chain of specialty retail shops, worked with small businesses on their online marketing approach, and served as VP Marketing North America for a global marketing technology company.

Read the source article at Tire Review

Kumho Tire’s future in limbo as Doublestar cancels deal

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Seoul – Following months of debates and dispute over trademark rights and price tag, China’s Qingdao Doublestar has agreed to cancel a deal to buy a 42.01% stake in South Korea’s second tire-maker, according to the Korean news agency Yonhap.

As reported by ERJ, after months of disputes over trade mark rights, Doublestar, in August, asked for the price tag to be reduced to 800 billion won, from the original 955 billion won (€778 million) agreement signed in March.

Read the source article at European Rubber Journal

Indonesia: Rubber farmers cry for help

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The government should look seriously into the grievances of rubber farmers who have been complaining about low prices over the last five years. True, the price of rubber, like most other commodities, such as palm oil, cacao and coal, is mainly influenced by global supply and demand, especially for Indonesia, which, as the world’s second…

Read the source article at Global Rubber Markets News

Tire makers eye strong finish to 2017

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AKRON—Despite relatively lackluster first-half financial performances, tire makers for the most part are optimistic about their second half and fiscal 2017 earnings prospects.

Read the source article at Rubber and Plastics News

NR prices recover in August, deficit continues

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Kuala Lumpur – Natural rubber prices recovered from a dip in late July, thanks to favourable market fundamentals and supply deficit, the Association of Natural Rubber Producing Countries (ANRPC) has reported.

In its latest release on trends and statistics in August, the association said global NR production reached 8.038 million tonnes within the first eight months of the year. Consumption was estimated at 8.544 million tonnes.

Read the source article at European Rubber Journal

Global tire rankings: Bridgestone reigns supreme again

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AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.

Read the source article at Tire Business

Tire makers commit more than $7.3B on new plants, expansions

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AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.

The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.

Read the source article at Tire Business

Pirelli Partners With Fisker On New ‘EMotion’ Vehicle Launch

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Pirelli announced that it is working with Fisker Inc. to create advanced low rolling resistance tires for the new Fisker EMotion luxury electric vehicle, set to launch in late 2019.

Pirelli will develop summer P Zero tires in the following sizes for the Fisker EMotion: 285/35R24 (F) and 305/35R24 (R). The focus of this development will be on low rolling resistance, spirited handling and extra comfort due to tall sidewalls.

Read the source article at Aftermarket News

Bridgestone to benefit as part of £500 million Aston Martin UK-Japan trade deal

Aston Martin Lagonda has agreed a trade and investment deal between the United Kingdom and Japan worth up to £500 million over the next five years of its second century business plan. The investment program was announced by Dr Andy Palmer, Aston Martin president and chief executive officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May.

Read the source article at Tyrepress