Report: OTR tire market to grow steadily

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Leatherhead, UK – The global market for off-the-road tires will enjoy a five-year compound annual growth rate of 4% by volume and 5.2% by value, according to a new report from Smithers Rapra.

“The Future of Off-the-Road Tires to 2022″ is Smithers’ critical analysis of the key factors shaping the global OTR tire market, the company said in a 24 July press release.

According to the report, more than 3.7 million tonnes of OTR tires will be sold worldwide in 2017, with a value of $24.8 billion…

Read the source article at European Rubber Journal

Nexen Tire and Mubadala Investment Company Sign Memorandum of Understanding

SEOUL, South KoreaJuly 19, 2017 /PRNewswire/ — Nexen Tire, a leading global tire manufacturer and Mubadala Investment Company (Mubadala), the Abu Dhabi strategic investment fund, today signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

Nexen Tire is one of the fastest growing companies in the automotive industry, with a compounded annual growth rate of 15% over the past ten years. The company sells 40 million tires to more than 140 countries annually, with more than 4 million tires sold throughout the Middle East.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi on July 19th.

Read the source article at PR Newswire

Arkema expanding bio-based TPE production

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Paris –  Arkema SA is to increase its global production capacity for its Pebax polyamide-polyether thermoplastic elastomers (TPEs) by 50%, the French group announced 11 July.

The expansion, which is focused particularly on Arkema’s amino 11-based Pebax RNew TPEs, is part of a wider investment programme in bio-based polyamide materials.

Overall, Arkema said it plans to invest €300 million over five years in the bio-sourced nylon 11 chain to increase its global production capacity by 50%.

Read the source article at European Rubber Journal

Firestone Ag Hosts Nuffield International Farming Scholars

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Firestone Ag, a subsidiary of Bridgestone Americas, hosted 10 Nuffield International Farming Scholars at the Firestone Ag tire plant in Des Moines, Iowa, to provide a glimpse inside the tire manufacturing process.

The Nuffield International Farming Scholars is a global network of farmers that works to provide insight growth to members through leadership.

Read the source article at Tire Review

NR market sentiment to improve in the near term: MRB

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Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be  influenced by rubber futures markets.

Read the source article at Rubber Asia

Global Automotive Winter Tires Market 2017 – Bridgestone, Continental, Goodyear Tire & Rubber Company

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The worldwide Automotive Winter Tires Market report is an in-depth research on the current situation of the Automotive Winter Tires industry. The research study of Global Automotive Winter Tires Market 2017 offers a strategic assessment of Automotive Winter Tires market. The industry report focuses on the growth opportunities, which will help the Automotive Winter Tires industry to expand operations in the existing markets globally.

Read the source article at Herald Analyst

Global Automotive Aftermarket – Automotive

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LONDONJuly 10, 2017 /PRNewswire/ — This report analyzes the worldwide markets for Automotive Aftermarket in US$ Million by the following Product Segments: Mechanical Products, Electrical Products, Electronic Products, Exterior and Structural Products, Motor Oil, Fluids and Additives, and Appearance Chemicals. 

The report provides separate comprehensive analytics for the US, CanadaJapanEuropeAsia-PacificMiddle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. 

Read the source article at PR Newswire

Germany summons Daimler to address emissions allegations

BERLIN (Reuters) – A German government committee investigating carmakers has summoned Daimler (DAIGn.DE) for a meeting on Thursday to address allegations it sold cars with excessive emissions, the transport ministry said.

German newspaper Sueddeutsche Zeitung, citing a search warrant issued by a Stuttgart court, reported on Wednesday that Daimler had been accused of selling over a million cars with excessive emissions in Europe and the United States.

Read the source article at reuters.com

Nexen Tops Global Satisfaction Competency Index for Eighth Year

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Nexen Tire has ranked first in the tire category for the Global Satisfaction Competency Index (GCSI) 2017 for the eighth consecutive year.

The GCSI is an evaluation system developed by the Global Management Association (GLOMA) under South Korea’s Ministry of Trade, Industry, and Energy. The system was created to raise awareness of customer satisfaction management and to support high levels of customer service by creating a global industrial competitiveness index.

Read the source article at Tire Review

Mahindra & Mahindra names Apollo Tyres its ‘Business Partner of the Year’

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Major Indian vehicle manufacturer Mahindra & Mahindra bestowed its ‘Business Partner of the Year’ award upon Apollo Tyres at its recent annual suppliers meeting. The award, the highest recognition given to any supplier for overall outstanding performance during the entire financial year, was accepted by Satish Sharma, Apollo Tyres’ Asia Pacific, Middle East & Africa region president, and Sandeep Mathur, the tyre maker’s head of OEM and Institutional Business.

Read the source article at Tyrepress