Birla Carbon awarded third consecutive Gold rating by EcoVadis for Sustainable Practices

Birla Carbon has been awarded a Gold level rating for sustainable practices, for the third consecutive year by EcoVadis. With a score of 71%, Birla Carbon occupies the top 2% of the companies assessed from its industry sector. The rating was provided after reviewing Birla Carbon’s sustainability practices, based on Birla Carbon’s sixth sustainability report, Share the Strength: Working Together for a Sustainable Future.

Joe Gaynor, Chief Legal, Sustainability and Risk Officer, Birla Carbon shared, “With this third consecutive Gold rating, Birla Carbon continues to rank in the top of our industry and it is consistent with our drive to be the most respected, sustainable and dynamic global carbon black manufacturer. At Birla Carbon, sustainability is a group effort and involves each and every employee. We will continue to ‘Share the Strength’ through continuous innovation in the way we manufacture our products, support our communities and engage with our customers.”

Read the source article at Home | Carbon Black | Birla Carbon

It was a massive year for electric bikes and scooters

People were buying electric bikes and scooters long before the pandemic. Some saw them as a cheap and reliable way to reach the office. Others wanted a vehicle that could take them to the nearest park, supermarket or brunch-time meet-up. The coronavirus outbreak has been a catalyst for the industry, though. At first, when so many countries were imposing strict lockdowns, people wanted a way to safely exercise outdoors.

Read the source article at Autoblog

Tesla's rise made 2020 the year the U.S. auto industry went electric | Reuters

DETROIT (Reuters) – Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric. Tesla’s market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined.

Read the source article at reuters.com

USTMA, The Ray, and University of Missouri Announce Research Partnership Project to Assess Knowledge on Environmental Impact, Benefits of Rubber Modified Asphalt

WASHINGTON – December 2, 2020 – The U.S. Tire Manufacturers Association (USTMA), in partnership with The Ray, a nonprofit proving ground for sustainable transportation technologies, today announced a research project to assess and compile existing research on the performance, environmental impacts and benefits of using ground tire rubber (GTR) in asphalt. The compiled research will result in a state of knowledge report that outlines existing research and identifies data gaps in the use of ground tire rubber in rubber modified asphalt. 

Read the source article at U.S. Tire Manufacturers Association

Millennials are buying more cars, and sooner, but for how long?

2020 has been a year of unintended consequences, no matter where you look. Kids were suddenly doing their learning online, many of us began working from home, and thousands had to impromptu figure out how to interior-design the backdrop behind their computer monitor, as every virtual meeting became a peek into someone’s personal world. The car industry has seen some huge changes, as well. With the initial lockdowns, sales didn’t just spiral, they crashed.

Read the source article at driving.ca

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

Hankook Tire Listed by Dow Jones Sustainability Indices World for the Fifth Consecutive Year

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NASHVILLE, Tenn., Nov. 16, 2020 /PRNewswire/ — Global leading tire company Hankook Tire announced that the company has been listed in the Dow Jones Sustainability Indices (DJSI) World for the fifth consecutive year. The DJSI tracks the stock performance of the world’s leading companies…

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Winter tires could save your life – don’t listen to the truthers

If haven’t got your winter tires on now, you may have to wait a while. Thanks to COVID-19, there could be a decrease in supply. Production slowed down once lockdowns went into effect last spring. Plus, closures meant some drivers couldn’t visit mechanics and spent the summer driving on their winter tires; now, those tires will need to be replaced. In the last few weeks, there has been a rush to get winter tires put on.

Read the source article at Home – The Globe and Mail

World trade rebounding slowly, outlook uncertain: U.N. report

GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

Read the source article at Global Rubber Markets News

USTMA finds that recycling of end-of-life tires has stalled

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While tires remain one of the most recycled products in the U.S., end-of-life markets are not keeping pace with the annual generation of scrap tires, a new report released by the U.S. Tire Manufacturers Association (USTMA) reveals.

The 2019 Scrap Tire Management Report – USTMA’s 14th – reveals that almost 76% of scrap tires were recycled in products such as rubber modified asphalt, the manufacturing of automotive products and mulch for landscaping and other products, and tire-derived fuel in 2019. This is down from 96% in 2013, when scrap tire recycling peaked.

“Three decades after we successfully eliminated 94 …

Read the source article at Traction News