The Goodyear Tire & Rubber Co. reported a 41% drop in sales and 45% decrease in tire unit volumes compared to a year ago in its Q2 2020 financial results, released Friday.
Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.
Bridgestone has published its 2019-2020 Sustainability Report, detailing the company’s new Mid-Long Term Business Strategy, as well as its efforts to contribute to the realization of a sustainable society.
In this report, Bridgestone reveals New Mid-term Environmental Targets – Milestone 2030 – aiming to accelerate the company’s ambition toward “decoupling” to further reduce its environmental impact.
“Sustainability is an indispensable part of all of the Group’s activities and are core elements of our growth strategies and corporate culture,” said Bridgestone’s Global CEO and Representative Executive Officer Shuichi Ishibashi. “Recognizing this, we have kicked off initiatives to more deeply integrate sustainability strategies into our daily operations. We see tremendous business and social opportunity in co-creating new value with our employees, partners, customers and others. We’re pleased to share more about our strategy and approach within this Sustainability Report.”
July 29, 2020 – Rubber Division, ACS is taking the 2020 International Elastomer Conference virtual – an experience we are excited to bring our great industry!
As ready and enthused as we were to put on a fantastic in-person International Elastomer Conference, given the number of still-unknown factors related to the containment of the coronavirus, and with our attendees and exhibitors coming from all over the country as well as internationally, it was determined that canceling the in-person event is the safest and most responsible action. The health and safety of all involved with the International Elastomer Conference ultimately outweighed any other considerations and guided our decision to convert the in-person conference planned for Knoxville, TN to a virtual event.
124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …
AKRON, Ohio, July 28, 2020 /PRNewswire/ — Goodyear (NASDAQ: GT) has combined a global licensing collaboration with a motorsport agreement to launch an exclusive watch collection with French luxury watch specialist B.R.M Chronographes. This follows the recent announcement that Goodyear has joined forces with the Algarve Pro Racing team champion European Le Mans Series, who will be showcasing the B.R.M Chronographes.
The design of the timepieces will match the look of the Algarve Pro car, reflecting Goodyear’s fundamental association with motorsport.
DuPont on Thursday and wrote down the value of its automotive business by $2.5 billion as the industrial materials giant struggles with a prolonged weakness in one of its biggest end-markets. DuPont, which makes materials used in products ranging from engine covers to brake fluid, is heavily exposed to the auto industry, which has been among the hardest hit after the coronavirus lockdowns emptied roads and shuttered car showrooms.
Milan, 23 July 2020 – In line with that which was announced to the market on July 15, 2020, the Board of Directors of Pirelli, which met today, has constituted at the proposal of the Executive Vice Chairman and CEO, Marco Tronchetti Provera, and reporting directly to him, the Office of General Manager co-CEO, entrusted to Angelos Papadimitriou. It will be effective from August 1, 2020.
BERLIN — Continental suffered a nearly 40 percent year-on-year decline in group sales during the second quarter, causing the German supplier to burn cash and forcing it to refrain from providing an outlook for the year. Consolidated group sales declined by 39.8 percent to 6.62 billion euros ($7.6 billion), the company said Monday as it reported some results early. Operating margin was minus 9.6 percent and reported free cash flow was a negative 1.78 billion euros ($2 billion.)
Geneva, 23 July 2020: The Tire Industry Project (TIP) is the leading forum for the tire industry on sustainability issues. Marking our 15th anniversary, we are sharing, free-of-charge, our scientific research on tire and road wear particles (TRWP), eliminating the fees often required to review scientific papers.
Peer-reviewed studies from more than a decade of research into TRWP – the tiny debris produced by necessary friction between tires and road surface – are now available free-of-charge online. By sharing these studies, TIP hopes to reach stakeholders who may have previously been discouraged by paywalls.
TIP is committed to making important contribution to the scientific understanding of TRWP and its potential impacts on human health and the environment.