TORONTO — Ontario Minister of Economic Development Brad Duguid said Canada is “fortunate” to begin a NAFTA dialogue with the Trump administration “from a position of absolute strength.” Over the first three quarters of 2016, Ontario’s real GDP growth has outpaced that of Canada’s and all other G7 countries. The province’s unemployment rate is also at its lowest in eight years, Duguid said.
As a business leader and manager, you’re tasked with many of the same duties as professional politicians – building consensus, communicating a shared vision, dealing with the public and staying visible within your community.
And as a tire dealer, you have far more political expertise and influence than you may realize. Your voice, experience and wisdom are highly valuable to your community and your industry. From serving on boards and councils locally to speaking on industry issues before the House and Senate – even running for office – tire dealers have a reputation for getting involved.
The soaring price of electricity in Ontario is top of mind for the province’s auto makers, but it should not yet be considered a competitive disadvantage when the province is bidding for new investment by car companies, a new study concludes. Electricity rates are higher in Ontario than they are in the 10 largest auto-producing U.S. states, a study by the Automotive Policy Research Centre at McMaster University in Hamilton, says.
SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $893.5 million for the fourth quarter of 2016, a 2.0% increase from $876.2 million in the fourth quarter of 2015. Net sales from the acquisitions of Micro-Coax, Inc. (Micro-Coax) and Star Aviation, Inc. (Star Aviation) in the Carlisle Interconnect Technologies (CIT) segment, and MS Oberflächentechnik AG (MS Powder) in the Carlisle Fluid Technologies (CFT) segment, contributed a total of 2.0% to net sales in the fourth quarter of 2016. Organic net sales (defined as net sales excluding both sales from acquisitions within the last twelve months and the impact of changes in foreign exchange rates versus the U.S. Dollar) grew 0.5%. Fluctuations from foreign exchange had a negative impact to net sales of 0.5%.
“On January 31st we announced the acquisition of Arbo Holdings Limited (Arbo), a leading provider of sealants, coatings and membrane systems based in Belper, England. Arbo complements our leading position in EPDM (rubber) roofing systems in Europe and adds new products to our weatherproofing offerings used to improve the thermal performance of buildings. We are pleased to welcome the Arbo team to Carlisle.
OLYMPIA, Wash. (Feb. 10, 2017)— A newly issued analysis from the Washington State Department of Health (WSDOH) concluded there is no evidence that cancer rates among young athletes are increased by playing on crumb rubber athletic turf.
“We did not find the number of cancers among soccer players, select and premier players or goalkeepers reported to the project team to be higher than expected based on Washington cancer rates for people of the same ages,” said the executive summary of the analysis from the WSDOH.
A coalition of three synthetic turf associations — the Recycled Rubber Council (RRC), the Safe Fields Alliance and the Synthetic Turf Council — said they were pleased but not surprised by the results of the WSDOH analysis.
Overcapacity is one of the biggest challenges facing the global synthetic rubber (SR) industry. This has been driven mainly by over-investment in China during the past years. This situation of overcapacity has forced many facilities to work with reduced operating rates and delay or cancel several expansion projects. Some facilities have been deactivated or dismantled and others are in the process of switching over to produce other elastomer types such as SBS. This is most noticeable in China and the Asia Pacific region.
Even so, the SR industry is expected to continue to grow moderately compared to the previous years. By 2016, the installed capacity is expected to grow by 2 per cent, according to our information. To this situation of overcapacity, if we add dull world economic growth, the situation becomes more complicated.
Uses in key industries
Synthetic rubbers have been leading the global rubber market since the 1940’s and are used in the manufacture of many types of products that we use every day which make our lives more comfortable. The automotive and tyre sectors will keep driving the SR demand. The construction sector generates significant demand of synthetic rubber in many end-uses such as paving/roads, waterproofing membranes, and adhesives and sealants. It is also very useful to the food industry with several end uses such as labelling, packaging, and more. Synthetic rubbers are also the material of choice for appliances, footwear, personal care, medical applications and others.
The SR industry has an important and extensive business relationship with all these key industries, and therefore, has been influenced by the performance and situation of its trading partners. The global SR market experienced a sharp downfall in demand during the global economic crisis. However, coming out of the deep recession impact, it expects a moderate growth rate close to 2 per cent CAGR in the upcoming years.
WASHINGTON (Feb. 15, 2017) — The U.S. Department of Transportation issued 22 new DOT plant identification codes in the past year for tire factories worldwide, including 14 for plants in China.
Tire manufacturers wishing to sell tires intended for use on U.S. roadways must have a DOT code for each plant, and that code must be molded into the sidewalls of each such tire.
Of the new codes issued, only one—for Yokohama Tire Corp.’s truck tire plant in West Point, Miss.—is in North America.
Michelin reports having met its financial objectives in 2016 and its chief executive officer considers the year “a successful milestone in our strategic roadmap.” The tyre maker’s sales volumes increased 2.1 per cent during the year, outperforming the market, and an increase in operating and net income was also recorded.
The Indian tyre industry, with an unprecedented Rs 400,000-million ($6 billion approx) investment in the last few years, is at the threshold of major leap forward. With the new Greenfield facilities set up in recent years, the most technologically advanced domestic industry can vie with the best in the world, says Rajiv Budhraja, the highly proficient Director General of Automotive Tyre Manufacturers Association (ATMA).
India, with sheer diversity of road profiles and weather conditions, is a challenging country for tyre manufacturers. That even international OEMs prefer India-made tyres to roll out their vehicles in India is a better endorsement for quality of the Indian tyres which are being exported to over 100 countries, including the most discerning ones such as the US, he says.
In an interview to Rubber Asia, Rajiv Budhraja, the authoritative spokesman of the Indian tyre industry, asserts that, if the Indian tyre manufacturing industry is to blossom, dumping of the Chinese tyres needs to be curbed forthwith. Inverted duty structure needs to be addressed and import of raw materials, be it NR or Synthetic Rubbers, needs to be allowed duty-free to the extent of domestic deficiency. The industry has presented these primary demands before the Government.
Canada and the U.S. have knitted together one of the world’s most integrated economies since signing free trade agreements 30 years ago, trading everything from fertilizer to oil, auto parts to drugs. As Prime Minister Justin Trudeau heads to Washington to meet President Donald Trump today, Canadian companies are hoping it doesn’t all unravel in a trade war.
Trump’s pledge to renegotiate the North American Free Trade Agreement and his support for a “major border tax” threatens to disrupt $541 billion in trade between the two countries, potentially driving up costs and crimping profits for some of Canada’s biggest companies including Suncor Energy Inc. and auto parts supplier Magna International Inc.
“Any impediment to seamless trade across the border between Canada and the U.S. would have a negative impact on the price of vehicles to the buying public and be negative to everybody,” Don Walker, CEO of Aurora, Ontario-based Magna, said in an interview at Bloomberg’s Toronto office last week. Magna is the biggest parts supplier to General Motors, Ford Motor Co. and Fiat Chrysler Automobiles.