Bridgestone named to two MSCI indices

Two of the newest Environment, Society and Governance (ESG) indices developed by investment research firm MSCI recognise Bridgestone Corporation for its commitment to corporate social responsibility. The tyre and rubber products manufacturer features on both the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN).

Both indices are based on the MSCI Japan IMI Top 500 Index, a parent index, which includes large, mid and small-cap securities in the Japanese markets. The MSCI Japan ESG Select Leaders Index is designed to highlight companies with strong ESG performance. As of June 2017, 251 companies have been included in the index.

Read the source article at Tyrepress

Goodyear to Announce Second Quarter 2017 Financial Results

curata__OBngZibNOsr2DsJ.jpeg

AKRON, OhioJuly 20, 2017 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2017 financial results on Friday, July 28, to be followed by an investor conference call at 9 a.m.

Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; and Laura K. Thompson, executive vice president and chief financial officer. 

Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

 

Read the source article at PR Newswire

NR market sentiment to improve in the near term: MRB

curata__aAECvmrJe0EP0Ki.jpeg

Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be  influenced by rubber futures markets.

Read the source article at Rubber Asia

European tire markets could face further weakness

curata__DiSH6gW9829K9mt.jpeg

LONDON—A second quarter reversal in European replacement tire markets could set a trend for the months ahead, according to Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.

Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales—reversing a positive trend observed earlier this year.

The data, published July 14, showed a sharp slowdown compared to the first three months of the year. The trend affected all segments, particularly consumer tires which came in 6 percent lower year-on-year at 46.6 million units. 

Second-quarter sales of truck tires, meanwhile, were down 1 percent on the firs

Read the source article at Rubber and Plastics News

Global Automotive Winter Tires Market 2017 – Bridgestone, Continental, Goodyear Tire & Rubber Company

curata__vZuuAptZTy4jYkf.jpeg

The worldwide Automotive Winter Tires Market report is an in-depth research on the current situation of the Automotive Winter Tires industry. The research study of Global Automotive Winter Tires Market 2017 offers a strategic assessment of Automotive Winter Tires market. The industry report focuses on the growth opportunities, which will help the Automotive Winter Tires industry to expand operations in the existing markets globally.

Read the source article at Herald Analyst

Global Automotive Aftermarket – Automotive

curata__SGDVyHmJ4uJVvYa.jpeg

LONDONJuly 10, 2017 /PRNewswire/ — This report analyzes the worldwide markets for Automotive Aftermarket in US$ Million by the following Product Segments: Mechanical Products, Electrical Products, Electronic Products, Exterior and Structural Products, Motor Oil, Fluids and Additives, and Appearance Chemicals. 

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. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. 

Read the source article at PR Newswire

Kumho Tires to Take Legal Action against KDB’s Management Evaluation

Kumho Tires strongly opposed the Korea Development of Bank (KDB)’s evaluation of its management and decided to take a legal action.

Earlier on July 7, the KDB fixed the rating of the management evaluation of Kumho Tire in 2016 as “D” and notified of it through the latter’s shareholders council.

Kumho Tire said on July 10 that the company officially made an objection to the rating D which the creditors notified of as the rating was unfair and made artificially for a special purpose.

“The official rating of Kumho Tire by the KDB is an obvious defamation against the management of Kumho Tire,” said Lee Han-seop, president of Kumho Tire.  “We disagree on this and will appeal for re-rating and devise all legal measures.”

Read the source article at BusinessKorea

World NR production up 5.8% in H1 2017: ANRPC

curata__XvlAl6e7fwZzNDr.jpeg

World natural rubber (NR) production increased by 5.8 per cent year- on-year to 5.729 million tonnes during the first half of 2017, says the latest ANRPC report. As a result, ANRPC expects that the world supply during 2017 will be at 12.797 million tonnes, up 5.9 per cent from the previous year.

Read the source article at Rubber Asia

Asahi seeing strong tire sector demand

curata__97SqvX85v9mU9AS.jpeg

Tokyo – Asahi Kasei Corp. is expecting strong demand for its tire rubber materials this year, officials said at a recent conference about the company’s 2016 financial results.

“Demand for synthetic rubber for fuel-efficient tires has been firm,” said a transcript of the meeting, noting that both lines at Asahi’s Singapore plant have been “fully utilised” recently.

Read the source article at European Rubber Journal

Tire & Rubber Industry Rundown: European Rubber Journal

curata__5dcTY0w56ZNAM9x.png

Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…

Read the source article at European Rubber Journal