AirBoss Announces 1st Quarter 2018 Results and Dividend

NEWMARKET, Ontario, May 09, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) ($US except where otherwise noted) Highlights: Consolidated net sales increased by 15.2% to $80.5 million Net sales in the Engineered Products’ defense business more than doubled EBITDA increased by 7.2% to $7.5 million Quarterly dividend paid of C$0.07 per share Basic and diluted earnings per share of $0.14 per common share compared to $0.12 per common share in Q1 2017 Three months ended March 31 (In thousands of US dollars) 2018 2017 Net Sales 80,549 69,927 Gross …

Read the source article at cnbc.com

Goodyear ‘honoured’ by GM supplier award

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The Goodyear Tire & Rubber Company has commented on its selection as a GM Supplier of the Year by General Motors during its 26th annual Supplier of the Year awards ceremony on 20 April.

Read the source article at Tyrepress

Nycoa debuts a nylon-based TPE

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ORLANDO, Fla.—Nylon Corp. of America (Nycoa) will commercialize a new line of nylon-based thermoplastic elastomers by the end of the year.

The materials, to be sold under the Ny-Flex trade name, are in pilot-scale production, Pratik Shah, vice president of new business development and research and development, said in a May 9 interview at NPE2018 in Orlando.

Read the source article at Rubber and Plastics News

Carbon black shortage is now a reality

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HILTON HEAD ISLAND, S.C. — Demand for carbon black by U.S. tire makers is starting to outstrip supply, and that isn’t likely to change any time soon.

Read the source article at Tire Business

Falken Tire selected as original equipment for 2019 Volkswagen Jetta

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Falken Tires has been selected as original equipment supplier to the 2019 Volkswagen Jetta, providing fitments for both 16-inch as well as 17-inch with its Sincera SN250A All-Season tire. Sizes include 205/60R16 92H and 205/55R17 91H.

Falken began production in late March 2018 at parent company’s Sumitomo Rubber’s Thailand plant. Markets served for the new Jetta equipped with Falken-branded tires include all of North America, with 16-inch tires available this June.

Read the source article at Traction News

South Carolina manufacturing center adds liquid sodium silicate facility

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GOOSE CREEK, S.C.—A new liquid sodium silicate facility at the Charleston International Manufacturing Center at Bushy Park in Goose Creek is a bid to support companies like Evonik Industries.

Read the source article at Rubber and Plastics News

Auto suppliers dividing to conquer

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Auto component suppliers around the world are tearing themselves apart. They are convinced that by no longer being conglomerates, they will gain favor from investors and industry customers. And so, like amoebas under a microscope, parts makers are splitting in two, separating self-driving operations from drivetrain business units, old technologies from new, or selling off divisions deemed inessential for growth in the new era of electrified, connected and autonomous vehicles.

Read the source article at Front Page

LyondellBasel Industries: Great Long-Term Investment

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It’s been quite hard to find companies that produce high returns with little capital investments to maintain their underlying economic earnings. LyondellBasell Industries (NYSE:LYB) is one of those great franchise companies that Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) would probably purchase.

 

Read the source article at Value Investing

Nokian hires Clayco as design partner for U.S. plant

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COLCHESTER, Vt—Nokian Tyres P.L.C. is partnering with turnkey retail development firm Clayco Inc. to design and construct its $360 million tire manufacturing plant in Dayton, Tenn.

Read the source article at Rubber and Plastics News

Canadian dollar forecast to overcome trade worries and strengthen: Reuters poll

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TORONTO (Reuters) – The Canadian dollar is forecast to rally over the coming year, a Reuters poll showed on Wednesday, as global economic strength and a broadly weaker greenback offsets smoldering investor fears of a trade war that could damage Canada’s economy.

The poll of nearly 50 foreign exchange strategists taken March 1-6 predicted that the will climb to C$1.2700 to the greenback, or 78.74 U.S. cents, in one month, from around C$1.2875 on Tuesday. It is then expected to climb in a year to C$1.2300, matching the forecast from last month’s poll.

Read the source article at Global Rubber Markets News