BASF to increase price for diols and derivatives in North America

FLORHAM PARK, NJ, September 1, 2020 – Effective October 1, 2020 or as existing contracts permit, BASF Corporation will increase prices in North America for 1,4-Butanediol (BDO) and derivatives.

Product                                                                     Price Increase

1,4- Butanediol (BDO)                                              $0.05 / lb

Gamma-butyrolactone (GBL)                                   $0.05 / lb

Tetrahydrofuran (THF)                                               $0.07 / lb

N-methylpyrrolidone (NMP)                                      $0.05 / lb

Polytetramethylene ether glycol (PolyTHF®)             $0.07 / lb

BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers.

 

Read the source article at BASF – United States

Bridgestone Americas Announces Leadership Changes to Logistics & Supply Chain Group, Off-The-Road Tire Business

Bridgestone Americas (Bridgestone) today announced leadership changes to drive operational excellence and strengthen the company’s position as a global leader providing sustainable mobility and advanced solutions. The following changes take effect December 1, 2020.

Bridget Neal, currently president of the company’s Off-the-Road (OTR) tire business in the U.S. and Canada, has been promoted to senior vice president, logistics and supply chain management (LSCM), Bridgestone Americas. In this role, Neal will oversee the company’s global supply chain, designing and implementing supply and distribution strategies that enable business growth and improve product cycle time.

Read the source article at Bridgestone Americas, Inc.

Pirelli trims margin guidance on mixed outlook

MILAN, Nov 11 (Reuters) – Italian tyre-maker Pirelli on Wednesday lowered its margin forecast for this year, citing continuing uncertainty in light of the second wave of the COVID-19 pandemic.

The manufacturer of tyres for Formula One and high-end carmakers such as BMW and Audi said the 2020 market outlook had improved in the North America and Asia-Pacific regions.

“But the outlook (is) cautious for Europe because of recent anti-COVID measures following the resurgence of the pandemic,” it said in a statement.

The group guided for a 2020 full-year margin on its adjusted earnings before interest and tax (EBIT) of 11.5-12%, against a twice-trimmed previous forecast of 12-13%, to account for the impact of exchange rates, raw materials and other costs.

Read the source article at Reuters.com

Yokohama Enters New Porsche Race Series Partnership

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Yokohama Tire and Porsche Motorsport North America (PMNA) have announced a new racing series and partnership with the United States Auto Club (USAC).

Yokohama will be the official tire partner and presenting sponsor for the USAC-sanctioned 2021 Porsche Sprint Challenge North America by Yokohama. Yokohama’s ADVAN A005 and A006 race slicks will be the spec tires for the nine-race, one-make series, which kicks-off March 5-7, 2021 at Sonoma Raceway.

Read the source article at Tire Review

Michelin releases survey about impact of COVID-19 on driver education

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A newly released survey of parents of U.S. teens conducted by Michelin North America and the Governors Highway Safety Association (GHSA) reveals that 62% say their child has experienced a COVID-19 related disruption in driver education/licensing, but 35% don’t have a backup plan for replacing lost learning.

Read the source article at Traction News

LG Chem mulls North America, Europe expansion to meet electric car battery demand

SEOUL — LG Chem plans to triple production capacity for cylindrical batteries used by Tesla and others and is considering expansion in Europe and North America to meet surging demand, the supplier said on Wednesday. The South Korean company forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for EV batteries.

Read the source article at Front Page

First Tires from Continental Plant Delivered to Southern Tire Mart

A specially-designed commemorative hauler recently carried the first shipments from Continental Tire in Clinton, Mississippi, to Southern Tire Mart locations throughout the state.

Southern Tire Mart says Continental ensured the business received the first shipment of tires from the new plant, in order to honor the partnership between the two companies.

The Clinton plant currently employees approximately 430 employees and produces large truck and bus tires for the U.S.

Read the source article at Tire Review

AirBoss Announces US$22.0 Million in Awards Across ADG’s Survivability Portfolio

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NEWMARKET, Ontario, Oct. 05, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group (“ADG”) has recently been awarded an additional US$22.0 million in contracts across its survivability portfolio for multiple parties in North America and internationally.

Read the source article at Send Press Releases with GlobeNewswire

Nokian Tyres Names New SVP North America

Anna Hyvönen, SVP Nordics and Vianor and member of Nokian Tyres Management Team, has been appointed SVP North America, Nordics and Vianor. In her role, Anna Hyvönen will take on Nokian Tyres Business Area North America as a new responsibility. Mark Earl, who has been Nokian Tyres SVP Americas and member of the Management Team, has decided to leave the company to pursue other career opportunities.​ Tommi Heinonen, Head of Sales, North America, will start reporting to Anna Hyvönen.

Read the source article at Choose the right tyre

Porsche to launch Carrera Cup North America in 2021

Porsche will debut a North American version of its successful single-make Carrera Cup series next year.

The series will utilize a combination of the latest yet-to-be-unveiled Porsche 911 GT3 Cup  race car and Michelin Pilot Sport Cup N3 racing slicks. As with all national Carrera Cups worldwide, Porsche, through Porsche Motorsport North America (PMNA), will manage the single-driver per-entry series. IMSA will act as official sanctioning body as well as manage scrutineering and steward on-track activity.

Read the source article at RACER