Continental realigns automotive aftermarket products

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LAS VEGAS—Continental is using its OE Technology Series Multi V-Belt as the centerpiece of a new initiative to align its North American automotive aftermarket products with the company’s global expertise.

Read the source article at Rubber and Plastics News

TIA Honors Hall of Fame Recipients, Ed Wagner Leadership Award Winners

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Members of the tire industry gathered at the Paris Las Vegas Hotel Monday night to recognize the industry’s top tire dealers and honor the Tire Industry Association (TIA) 2018 Hall of Fame honorees and Ed Wagner Leadership Award recipients.

Arvind Poddar, chairman and managing director of Balkrishna Industries, Ltd. (BKT), and Bob Majewski, president of Sumerel Tire Service, Inc. were inducted into the Tire Industry Hall of Fame.

Read the source article at Tire Review

Tyre maker Nokian profit hit by Russia, Norway issues, emissions rules

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Nokian shares tumbled 14 percent on the latest warning from the automotive industry after a string of trimmed forecasts and weak results from Michelin, Continental and Daimler.

Nokian, which has a large plant in Russia and a smaller one in Finland, said 2018 sales and operating profit were now expected to be flat or slightly higher than 2017, compared with a previous forecast of growing sales and profit.

Read the source article at Stock Market Quotes and News

M&A activity shuffles top retailers rankings; big keep getting bigger

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AKRON — In a year when Discount Tire/America’s Tire grabbed the North American tire retailing spotlight with the opening of its 1,000th store, mergers and acquisitions continued to play a key role in the evolving retail aftermarket.

Read the source article at Tire Business

Analysis: Changes in the tire distribution business.

At the start of this year (2018), Michelin and Sumitomo announced a plan to merge their tire distribution activities in North America. A couple of weeks later Goodyear and Bridgestone made a similar announcement with the launch of Tire Hub. Since then, Max Finkelstein and TreadMaxx have done something similar and formed Tire Distributors of…

Read the source article at tireindustryresearch.com

Rubber Processing Chemicals Market to exceed $5.3bn by 2025: Global Market Insights, Inc.

Rubber Processing Chemicals Market is set to reach USD 5.31 billion by 2025; according to a new research report by Global Market Insights, Inc. The rubber processing chemicals market will be primarily driven by rapidly increasing automobile industry. According to latest OICA reports global automobile sale in 2017 was 97 million vehicles. This massive size of the automobile industry shall fuel the product demand in near future. In addition, positive growth number from the construction industry are likely to help the rubber processing chemical market to grow further. Product is used in the construction industry in roofing materials, floor covering, sound insulators and sealants.

 

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BKT to build plant in U.S.; on-stream by late 2020/early 2021

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LAS VEGAS — Off-road tire maker Balkrishna Industries Ltd., the No. 39 tire maker worldwide, has disclosed it plans to build a plant in the U.S.

Read the source article at Tire Business

Michelin investing in Nova Scotia plant ahead of winter tire launch

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GRANTON, Nova Scotia – Michelin North America (Canada) Inc. is budgeting $16 million in investments at its Granton plant to support the 2020 launch of a winter tire designed specifically for the North American market.

Read the source article at Rubber and Plastics News

Radial Tire Technology: The Importance of Radial Over Bias for Farming

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Jim Enyart has enjoyed a long Ag tire career that has included work with Michelin, Trelleborg, BKT and CEAT Specialty Tires. He earned an Entomology and Zoology degree from Colorado State University, and held an Ag Consultants license from Colorado and Oregon for over 30 years.

When asking the question as to whether or not farmers need radial ag tires, the simple answer is: no, not really. But, there is more to the story.

Read the source article at Tire Review

Evonik starts up US tire-silicas plant

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Essen, Germany – Evonik Industries has started up a precipitated silica plant for the tire industry in South Carolina, the company announced 17 Oct.

The $120-million investment, it said, is in response to the high demand from the tire industry for precipitated silica in North America. It has created over 40 new jobs.

Read the source article at European Rubber Journal