Vietnam: Rubber exports plummet

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HÀ NỘI – Việt Nam’s rubber exports fell in May due to changing Chinese policies and fears over the US-China trade war, a representative of the Việt Nam Rubber Group (VRG) has said.

According to the Ministry of Industry and Trade, in May, rubber exports reached 80,000 tonnes, worth US$116 million, up 6 per cent in volume and 7 per cent in value compared with April. However, those figures were down 26.5 per cent in volume and 26.2 per cent in value year-on-year.

Fortunately, in the first five months of the year, rubber exports reached 495,000 tonnes, worth $673 million, up nearly 12 per cent in volume and 4 per cent in value year on year.

Read the source article at Global Rubber Markets News

Future Tire: Tires could give new life to packaging waste

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Cologne, Germany – Recycled styrene from plastic waste streams has the capability to be “upcycled” in tires, according to Sandra Hofmann, global technology & innovation director, synthetic rubber, Trinseo.

“The question is, how to transform from a linear production model to something which enables the circular economy,” said Hofmann, during a presentation to Future Tire Conference 2019, held in Cologne, 11-12 June.

Polystyrene, according to Hofmann, has “a very unique feature” in that it…

Read the source article at European Rubber Journal

Toyota partnering with basically everybody to popularize EVs

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Toyota early June laid out plans to collaborate with a host of other Japanese automakers as part of a new push to popularize battery-electric vehicles, and to soon reveal new tech it’s developed for next-gen EVs, like solid-state batteries.

Read the source article at driving.ca

Michelin, GM to forge ahead with airless tire/wheel concept as OE option

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MONTREAL — Michelin Group, in partnership with General Motors Co., is taking its development of a maintenance-free, non-pneumatic tire to the next level with the “Uptis” prototype that the two companies said could be market ready as an OE fitment by 2024.

Michelin and GM presented the next-generation airless tire/wheel concept during the Movin’On Summit for sustainable mobility, under way in Montreal through June 6.

Uptis — Unique Punctureproof Tire System — is based on the fundamentals of Michelin’s Tweel tire/wheel product, introduced at the 2005 Detroit Auto Show, according to Eric Vinesse, Michelin executive vice president, research and development.

Read the source article at Tire Business

Future Tire: Simple things make a difference

London – The single most effective improvement that can make tires more sustainable today is enhancing air-retention, according to ExxonMobil Chemical.

“When we think of sustainability we shouldn’t just focus on things that make great headlines or very long term goals,” said a company spokesman in a Q&A ahead of the Future Tire Conference 2019, in June.

Read the source article at European Rubber Journal

Kumho’s Jong-Hoon Baek elected president of the IISRP

SEATTLE— Jong-Hoon Baek, an executive vice president for Kumho Petrochemicals, was elected president of the International Institute of Synthetic Rubber Producers for 2019-20.He will succeed Brian Chapman, who will become the institute’s past–president international.

Baek, who was elected at the association’s 60th annual general meeting on May 15, has a range of experience in the polymer industry from roles he has had in technical, marketing and sales areas, in addition to senior management positions he has held.

Read the source article at Rubber and Plastics News

Trump’s tariff on Mexican imports startles industry

President Trump’s announcement by Twitter last week that he was imposing a 5 percent tariff on all goods from Mexico starting June 10 set the auto industry back on its heels, pushed automotive stock market prices lower and triggered a new round of market worries.

Read the source article at Rubber and Plastics News

US is winning trade war with China…for now

US is winning trade war with China…for now – Richard (Rick) Mills The ongoing battle between the United States and China for economic supremacy isn’t only being fought in the gilded ballrooms of Washington, as trade negotiators from either side parry over automobile parts content, intellectual property rights, government subsidies and the like.

Read the source article at Gold, Precious Metals News Wire

Bridgestone, Goodyear, Hankook, Michelin earn GM supplier honors

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DETROIT — General Motors Co. has named Bridgestone Americas Inc., Goodyear, Hankook Tire America Corp. and Michelin North America suppliers of the year for 2018.

The four tire makers are among 133 suppliers to earn the recognition, which GM presented recently in Detroit during its 27th annual Supplier of the Year awards ceremony.

GM selected suppliers from 15 countries to receive the award for going “above and beyond GM’s requirements,” providing customers with the most innovative technologies and delivering quality vehicles.

Read the source article at Tire Business

GM Merger With Ford Looks More Likely

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Fiat Chrysler Automobiles proposed a merger with Renault that would create the world’s third-largest carmaker. The eroding economics of the industry make such deal more likely by the day. Deep trouble at Ford Motor and General Motors’ need for more heft to compete with rivals Toyota and Volkswagen make a marriage between the two largest car companies increasingly probable. 

Fiat Chrysler argues that a tie-up with Renault will lead to $5.5 billion in savings. As car sales have flattened in the United States and started to drop in China, the two largest markets in the world offer less hope for revenue improvement. Neither company has much of a sales footprint in China. Renault has none at all. Both have a strong market share in Europe, but it is one of the most competitive markets in the world. At the low end of the market, VW is the dominant force. At the high end, it is BMW and Mercedes.

Read the source article at MSN.com