Fountain Tire CEO Brent Hesje earns Northern Lights Award

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EDMONTON, Alberta — Fountain Tire CEO Brent Hesje recently received the Northern Lights Award of Distinction, awarded by the Edmonton Chamber of Commerce in recognition of his corporate, community and industry leadership.

Read the source article at Tire Business

Rick Wheeler Joins TGI as VP of National Sales

Tire Group International (TGI), a worldwide wholesale distributor of tires, named Rick Wheeler to its newly created position of vice president of national sales.

In his role, Wheeler will be responsible for sales, marketing, and customer service teams for the North American market.

Read the source article at Tire Review

Improving electric vehicle economics | McKinsey

The future looks bright for electric-vehicle (EV) growth. Consumers are more willing than ever to consider buying EVs, and sales are rising fast. Most major markets have consistently registered 50 to 60 percent growth in recent years, albeit from small bases. More new models from a growing cadre of automotive OEMs make finding a suitable EV easier: in 2018 alone OEMs launched about 100 new models and sold two million units in total globally.

Read the source article at McKinsey & Company

ATD Hackathon Takes on Tire Industry to ‘Reinvent the Wheel’

In an empty warehouse in Charlotte, North Carolina in late March, fresh college graduates, young professionals, established data scientists sporting Ph.D.s and experienced developers hacked throughout the night at Reinvent the Wheel Data Hackathon sponsored by American Tire Distributors (ATD).

Read the source article at Tire Review

Tire Category Accounts For Largest Portion Of Automotive Sales Online, Says NPD

Online dollar sales of tires grew by 34% in the 12 months ending December 2018, according to The NPD Group’s Checkout E-commerce Tracking. The tire category alone outpaced e-commerce growth for the total market of automotive products, which was up 28 percent for the year.

“Historically, selling tires online was challenging because consumers had to then find somewhere to have them installed. Today, companies are finding creative ways to have tires reach consumers,” said Nathan Shipley, executive director and automotive industry analyst, The NPD Group. …

Read the source article at Tire Review

Latin Tyre Expo Announces Speakers for the 2019 Conference

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March 27, 2019 (Panama, Rep. of Panama) – Organizers of the Latin Tyre Expo have announced the speakers for the educational conferences June 27, 2019, in the Atlapa Convention Center in Panama, Rep. of Panama.

The Latin Tyre Expo is the leading annual tire exhibition in Latin America and the Caribbean, connecting hundreds of tire manufacturers each year with thousands of tire distributors.

 

Mr. Heriberto Romero, Director

Hules Banda SA de CV

How to Activate the Retreading Market

… 

 

To register for the Latin Tyre Expo June 26-28, 2019 and for more information on becoming an exhibitor or visitor, please visit: www.latintyreexpo.com.

Read the source article at Home – Latin Tyre Expo

Rubber machinery makers robust under pressure

London – Given the market pressures that emerged during the year – international trade disputes, a cool-down in some tire markets and Brexit among them – the international tire & rubber machinery sector delivered quite a robust performance in 2018.

Figures from the 39 companies that completed the survey both this year and last year, show a sales total of $4,077.2 million, just 0.8% lower than a year ago.

Read the source article at European Rubber Journal

Prometeon adds Tier 3 TBR brand; Tier 2 brand to follow

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MILAN, Italy — Prometeon Tyre Group S.r.l., the former Pirelli industrial tire business, has launched a Tier 3 associate truck/bus tire brand as part of the company’s move to a multi-brand approach.

Developed with a special focus on safety, the “Anteo” brand will complement Pirelli as Prometeon’s premium brand, the company said, while an as-yet-unnamed Tier 2 brand is being developed as well for launch later in 2019.

Read the source article at Tire Business

Goodyear, Bridgestone continue building TireHub joint venture

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ATLANTA — Combining two legacy brands, such as Goodyear and Bridgestone, into a cohesive joint operation is a challenge that requires collaboration and logistics.

Read the source article at Tire Business

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