Bridgestone: 98% of tier 1 suppliers acknowledge procurement policy

The aim at Bridgestone Group is to use “100 per cent sustainable materials” by 2050 and beyond, and last year the tyre and rubber company introduced a new procurement policy to steer it towards this end. Under a partnership it began with CSR evaluation specialist EcoVadis in 2018, Bridgestone is now assessing its suppliers’ current sustainability practices and looking at what support may be needed to improve performance.

Together with EcoVadis, Bridgestone is monitoring and rating the environmental, social and ethical performance of its suppliers to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry as a whole.

Read the source article at Tyrepress

Halcyon Agri launching independent NR council

Singapore – Halcyon Agri is officially launching a natural rubber (NR) sustainability council, the NR supply company has informed ERJ.

As previously announced, the council has been set up to monitor implementation of the group’s sustainable natural rubber supply chain policy (SNRSCP) for operations in Cameroon.

“The inaugural call for the sustainability council will be tomorrow and a chairperson will be elected,” Robert Meyer, CEO and co-founder of Halcyon Agri said 15 April.

Read the source article at European Rubber Journal

OTR tires at heart of Ponzi scheme that cost investors $50 million

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COLUMBUS, Ohio — An Ohio man has agreed to plead guilty to orchestrating a Ponzi scheme involving OTR tires that defrauded at least 46 investors of an estimated $50 million.

Read the source article at Tire Business

Bridgestone wins tire-design IP case in China

Tokyo – Bridgestone Corp. has won a design-rights infringement lawsuit against Chinese tire maker Shengtai Group, Bridgestone announced 12 April.

The “favourable ruling” in the Beijing Intellectual Property Court came more than three years after Bridgestone filed the lawsuit in September 2015.

The lawsuit claimed that Shengtai Group utilised a truck tire tread pattern patented by Bridgestone and was, therefore, in violation of the design rights.

Read the source article at European Rubber Journal

EU Expands Tire Labeling Requirements

The European Union is trying to use marketing rules to improve the safety and environmental performance of tires that are sold into Europe, with ministers approving a proposal that expands manufacturers’ and retailers’ obligations regarding tire labeling.

Under a new regulation backed March 4 by the EU Council of Ministers, stickers would have to be fixed to more types of tires and would include more information – with the goal of persuading consumers to not just use cost as a guide to buying tires.

Read the source article at WardsAuto

ETRMA applauds inclusion of commercial vehicles in EU’s TPMS regulations

BRUSSELS—The European Tyre and Rubber Manufacturers’ Association praised the European Parliament committee for endorsing revised European Union tire pressure monitoring systems rules.The regulation updates existing vehicle safety rules to extend TPMS requirements to light and heavy commercial vehicles, trailers and buses.

 

Read the source article at Rubber and Plastics News

U.S. and China Got Into a Trade War and Mexico Won

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Bloomberg) — The Trump Administration’s trade war with China has turned out to be a windfall for another country the president frequently berates: Mexico.

Consider Fuling Global Inc., a Chinese maker of plastic utensils that developed a lucrative business making paper cups and straws for U.S. restaurants. But President Trump upended all that with tariffs on $250 billion worth of Chinese imports, including paper products. So the company found an alternative, opening a $4 million factory in Monterrey, Mexico, that will soon begin shipping millions of paper straws across the border.“We had to look for other ways to do business,’” said Fuling Chief Financial Officer Gilbert Lee. The move means the Wenling, China-based company will avoid the tariffs and make up for pricier Mexican labor with lower shipping costs. “Mexico is a very logical and advantageous location for us.”

Read the source article at Global Rubber Markets News

China to reduce intervention in auto, other industries

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China will reduce government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-U.S. trade war. The government’s pledge to reduce its influence over operational matters in China’s manufacturing sector follows an apparent toning down of its high-tech industrial push, which has long annoyed the United States.

Read the source article at Front Page

U.S. and China said to appear close to deal to roll back tariffs

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U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27 given progress in talks between the two countries, the Wall Street Journal reported on Sunday.

In an eight-month trade war, the United States has imposed punitive tariffs on $250 billion worth of imports from China, while Beijing has hit back with tariffs on $110 billion worth of U.S. goods, including soybeans and other commodities. The actions have roiled financial markets, disrupted manufacturing supply chains and reduced U.S. farm exports.

Trump administration officials have said they expect the two presidents to “close” a deal at a summit in coming weeks at Trump’s Mar-a-Lago estate in Florida.

Read the source article at Global Rubber Markets News

China’s pledge to cut VAT gets cautious welcome from commodity markets

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Singapore — China’s plan to cut the rate of value added tax this year has been generally welcomed by commodity markets, as the lower cost burden would help businesses and stimulate sales at a time of slower economic growth. Prime Minister Li Keqiang announced early Tuesday during an annual meeting of parliament that the government…

Read the source article at Global Rubber Markets News