Bridgestone, Conti and SRI win at TTI Awards

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Sustainable innovation, and next-generation information and communication technologies were championed at this year’s Tire Technology International Awards for Innovation and Excellence.

The awards are decided by the votes of a 27-strong panel of experts from the tire industry and academia, with the winners announced last night (Wednesday, February 15) during Tire Technology Expo, at a Gala Dinner at the Hannover Congress Centrum.

This year’s winners are testament to how the latest consumer electronics and cutting-edge information communication technology are being successfully adopted into tire design and manufacturing, yielding great results.

Graham Heeps, editor, Tire Technology International & chairman of the judging panel said: “Cutting-edge sustainability and information technology is more prominent than ever among this year’s winners, showing that the tire industry is at the forefront of high-tech research, development and manufacturing. The judging panel was impressed by the strength in depth among this year’s finalists. Picking the winners gets harder every year!”

Bridgestone was awarded Tire Manufacturing Innovation of the Year with judges overwhelmingly voting for the brand’s Examation tire assembly system. Examation combines revolutionary artificial intelligence with information and communication technologies, for improved quality and enhanced factory productivity.

Versalis/Genomatica won the Environmental Achievement of the Year award for their long-term project to create renewable butadiene. The companies embarked on the joint venture in a bid to address concerns around potential butadiene shortages and price increases. In a demonstration run in 2016, several kilograms of renewable butadiene were prepared starting from commercial sugars, with polymerization tests showing no differences between the polybutadiene prepared from fossil or renewable feedstock.

Sumitomo Rubber Industries (SRI, producers of Falken tires) won the Tire Technology of the Year category for a record third time with its Advanced 4D Nano Design, which makes is possible to perform highly realistic simulations of the complex internal structures and behaviours of rubber materials at the nanoscale. The technology is being used to develop next-generation tire materials, including a new tread rubber that doubled the wear performance of SRI’s standard tread rubber from 2011.

The Tire Industry Supplier of the Year award was presented to Harm Voortman, president and CEO, VMI Group. Judges recognized the launch of VMI’s Milexx truck-tire building machine, along with further debuts including its Retrax automated pre-cure tread applicator, Pixxel vision system, and its new manufacturing facility in Leszno, Poland, operational from Q2 2017.

In the hotly contested Tire Manufacturer of the Year category it was Continental who scooped the prize, beating off stiff competition from Hankook, Michelin and Yokohama.

A raft of major R&D and production investments were unveiled by Continental in 2016, with German projects including a new high-performance technical center and a dedicated dandelion-rubber research center. In September, the first truck test tires containing dandelion rubber were revealed, with production expected to follow in 5-10 years.

Two specialist awards were also presented. TU Dresden PhD candidate, Pavel Sarkisov took home the Young Scientist Prize after delivering an impressive conference paper entitled “Optical measurement of tire deformation focused on transient handling properties”. Meanwhile tire materials expert, Gert Heinrich, director of the Institute of Polymer Materials at the Leibniz Institute for Polymer Research in Dresden, and Continental’s former head of materials research, received the Lifetime Achievement Award.

For more on all the winners, head to www.tiretechnology-expo.com.

Read the source article at Tire Technology International

Kraiburg entrepreneur Peter Schmidt dies at 85

Kraiburg Group is mourning the passing of highly esteemed shareholder Peter Schmidt. From 1954 to 1999 he participated actively in the company’s operations and as a member of the management board he implemented numerous decisions that shaped the company’s history.

Read the source article at Tyrepress

AirBoss Of America: Adapting Well To Turbulent Market Conditions

Valuation & Recommendation:

Through comprehensive analysis using both the discounted cash flow model and comparable companies’ model, we determined the estimated share price of AirBoss of America to be $15.17. Presently, the market values AirBoss of America shares at $12.84. Given AirBoss of America’s current financial position and present economic conditions, we believe the market is undervaluing the price of its stock and recommend a buy rating. Based on our analysis, in our view, a target price of $15.17 more accurately reflects the value of AirBoss of America shares.

Summary:

  • Turbulence in raw material prices has damaged Airboss’s bottom line and caused the company to become overly sensitive to macroeconomic headwinds.
  • Recent efforts to diversify product portfolio and customer base have yet to be priced into Airboss’s stock.
  • With a healthy balance sheet and a low debt/equity ratio, Airboss is fully capable of inorganic growth in an otherwise sluggish industry.

Read the source article at Stock Market Insights

Applied Industrial Technologies Reports Fiscal 2017 Second Quarter Results and Increases Dividend

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CLEVELAND, Jan. 26, 2017 (GLOBE NEWSWIRE) — Applied Industrial Technologies (NYSE:AIT) today reported second quarter fiscal 2017 sales and earnings for the three months ended December 31, 2016.

Net sales for the quarter were $608.1 million, a decrease of 0.4% compared with $610.3 million in the same quarter a year ago. The overall sales decrease for the quarter is impacted by one less selling day which accounts for a 1.6% decline and unfavorable foreign currency translation of 0.5%, partially offset by a 1.3% increase from acquisition-related volume and 0.4% organic growth. Net income for the quarter was $24.1 million, or $0.61 per share, compared with $23.9 million, or $0.61 per share, in the second quarter of fiscal 2016.

Read the source article at cnbc.com

Falken chosen as OEM for Volkswagen Tiguan

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Brussels – Falken has been chosen to supply original equipment tires for new Volkswagen Tiguan models, as of 1 Jan, Falken Tyre Europe has announced.

The company is supplying Falken Ziex ZE914A Ecorun tires in the dimension 215/65 R17 99V to factory-equip the new vehicles.

The tires, said Falken, were developed to reduce fuel consumption and deliver good handling and braking even in wet road conditions.

According to Falken, tire testers for German motoring magazine Auto Motor und Sport gave the…

Read the source article at European Rubber Journal

Yokohama’s OE and award-winning tyres

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Selected as original equipment by many of the world’s leading vehicle manufacturers including Porsche, Mercedes-Benz and Audi, Yokohama offers a comprehensive and growing range of award-winning premium car tyres.

New for 2017 is the company’s latest directional ‘A’ rated wet grip tyre, the ADVAN Fleva V701. Available in 43 sizes from 15 – 20 inches, the new tyre delivers sporty handling and superior wet grip for executive, family saloon and hatchback cars. In addition, the tyre offers low levels of noise at just 67-69 dB.

Featuring Yokohama’s nanoBLEND tread compound which features the use of orange oil, the ADVAN Fleva V701 has been manufactured with environmental performance in mind and offers a balance of superior wet grip, high fuel efficiency and wear resistance.

Read the source article at Tyrepress

Global Tire Curing Press Market 2016-2021 illuminated by new report

This report provides detailed analysis of worldwide markets for Tire Curing Press from 2011-2015 and provides extensive market forecasts 2016-2021 by region/country and sub-sectors. It covers the key technological and market trends in the Tire Curing Press market and further lays out an analysis of the factors influencing the supply/demand for Tire Curing Press, and the opportunities/challenges faced by industry participants. It also acts as an essential tool to companies active across the value chain and to the new entrants by enabling them to capitalize the opportunities and develop business strategies.

Read the source article at Press releases

Continental marks successful 2016

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CONTINENTAL, the German premium tire manufacturer and international automotive supplier, has announced an 11% growth in net sales in the Middle East at its annual regional retail partner conference. In a fiercely tough market, where consumers seek premium design and value for money, this 2016 growth is testament to the ongoing support of the brand’s partners and customers’ recognition of the high quality of the tyres produced by Continental.

At the three-day conference, held in the United Arab Emirates in December, Continental also outlined its plans for the Middle East market in 2017, which included opening some 58 new retail outlets across the region. This increased investment will see a rise in numbers of staff, enhanced storage and distribution facilities and new products designed especially for the region.

Read the source article at Home – Saudi Gazette

Global Tire Industry

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This report analyzes the worldwide markets for Tires in Thousand Units for the OEM and Replacement Categories by the following Segments: Passenger Cars, Trucks (Light Trucks, Medium/Heavy Trucks), Buses {Two-Wheelers, Aircraft, and Off-Road-Vehicles (Industrial & Utility Vehicles, & Farm Implements)}. 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. 

Read the source article at PR Newswire

Nijman heads up extrusion engineering at HF

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Hamburg, Germany – Equipment & machinery major HF TireTech Group has recently appointed Dr. Gerard Nijman as head of extrusion process engineering at Harburg-Freudenberger Maschinenbau, the company announced 17 Jan.

Nijman, who took up the role at HF last July, previously worked for Vredestein Banden BV and Apollo Tyres – which took over Vredestein in 2009. He is a noted expert in the field of rubber processing and has also been involved in the development of innovative automotive technologies.

Read the source article at European Rubber Journal