Despite all of the marketplace challenges, commercial tire dealers and retreaders are very optimistic about the future, as am I.
NEW YORK, April 17, 2018 /PRNewswire/ — Market Synopsis of Tubeless Tire Market: Globally, the market for Tubeless Tire is growing at a CAGR of 7.15% during the forecast period (2017-2023). The tubeless tire also known as inflated tires, does not require any inner tube inside the tire….
After opening an investigation into allegations of Goodyear tire failures on Class A motorhomes, the National Highway Traffic Safety Administration digging deeper.
In a letter sent to the Goodyear Tire & Rubber Co. last week, the NHTSA requested information about the field performance, design and construction of the motorhome tires – Goodyear’s G159. Goodyear has until May 4 to comply with the federal agency’s request.
Hanover, Germany – Continental AG expects demand for passenger car tires and light commercial vehicles replacement tires to grow 3% in 2018, according to its annual report.
“The Asian market is expected to contribute around 60% of this increase, with growth of 5%,” said the German tire and technology supplier.
Market expansion, it added, will be primarily driven by China – as in previous years – with further growth in vehicle parc.
Seoul – Kumho Tire’s labour union has voted in favour of a plan to sell a 42.01% majority share of the South Korean tire maker to China’s Doublestar Tyre, according to business news website, The Pulse.
The 2 April report said more than 2,700 unionised workers took part in the vote, of which 60.6% were in favour of the sale to the Chinese company.
Chinese investors led by Qingdao Doublestar told ERJ in March that they had reached an agreement with Kumho’s shareholder Korea Development Bank to…
TRELLEBORG, Sweden—The integration of Czech rubber company CGS with Trelleborg A.B. is proving to be a “relatively complex” process, according to President and CEO Peter Nilsson.
“In general, we have worked with it in two stages. The first one, which has started, was to secure and develop continued customer relations and sales channels,” the Trelleborg boss said in an internal interview published in Trelleborg’s annual report.
Trelleborg is focusing more on now is continuing to improve the cost and revenue aspects, in part by creating synergies.
“For example, it’s a question of how we can reduce the complexity in our manufacturing and make more efficient use of our manufacturing facilities,” Nilsson said.
According to the Trelleborg official, the company created a new sales organization in 2017 to better leverage synergies, which he said will mostly occur in 2018 and beyond.
U.S. new-vehicle sales are on pace to reach the highest March volume since at least 2001, according to three forecasts issued Wednesday, marking a solid start to the closely watched spring selling season. The forecasts, from LMC Automotive/JD Power, Edmunds and Cox Automotive, project sales to rise about 3 percent this month from March 2017. That would be the industry’s largest year-over-year increase since September and the second gain so far in 2018.
The Association of Natural Rubber Producing Countries (ANRPC) has predicted that the global outlook of Natural Rubber (NR) supply in 2018 is anticipated at 13.784 million tonnes, up 3.7% from 13.287 million tonnes in 2017. During January-February 2018, the world NR production was 2.207 million tonnes, compared to 2.116 million tonnes during the same period in 2017, said the February 2018 Natural Rubber Trends and Statistics report by ANRPC.
Michelin has become the world’s most valuable tire brand following 30 percent brand value growth to $7.9 billion over the past year according to the latest Brand Finance report. It overtook Bridgestone (down 6 percent to $7 billion), which slipped from first to second place in the annual Brand Finance Tyres 10 ranking.
The U.S. Department of Commerce has lowered anti-dumping duties on select passenger and light truck tires imported from Chinese companies.
After a review of the 2015 rates, the commerce department found that Giti Tire Global Trading Pte. Ltd. and its entities as well as Qingdao Sentury Tire sold passenger and light truck tires in the U.S. at prices below their normal value from Jan. 27, 2015 to Jan. 31, 2016.