The global automotive rubber moulded components sales grew from 65 million during the 2008-09 recession to over 89 million in 2015, with a spike of over 19% during the past seven years. In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Further, with chemical companies such as Chem-Trend coming up with better release agents and moulding process aids, the market for automotive rubber moulded components is expected to touch USD 45.16 billion by 2021. Technological advancements have been the major trigger for this growth. Innovations such as Ford’s eco-friendly rubber parts using soy oil and research labs trying to come up with better and durable rubber materials like EPDM are expected to drive the market at a CAGR of 6.26% by till 2022.
Read the source article at Global Information, Inc. (GII)
Atlas Tire Wholesale recently hosted the summer edition of their renowned Atlas Tire University program. Besides hearing about the latest tire technologies and products, guests who attended the event also learned about the most up-to-date online marketing and social media strategies.
ATU invited social media expert, Casey Walter from Optimize Social Media in Oakdale, Minnesota to speak about strategies tire retailers can put into practice today in order to better position their companies online to compete in today’s challenging market.
Besides a host of Facebook, YouTube, Twitter, Yelp, Google+ and Instagram strategies, Walter also spoke about online reputation management, and how to deal with disgruntled customers who complain about your tire business on social media.
Atlas Tire also invited Michal Majernik, Manager, Communications for the Tire and Rubber Association of Canada (TRAC) to talk about the latest and most pertinent statistics tire statistics. Majernik also discussed the demise of the Ontario Tire Stewardship program, and explained how Ontario’s tire recycling infrastructure is likely to change in the near future.
In addition to a gourmet lunch, guests of Atlas Tire enjoyed giveaways and prizes throughout the day, as well as an opportunity to network with peers along with tire industry representatives and experts.
Read the source article at Autosphere.ca
DETROIT – The automobile industry these days increasingly prefers the open collar to a necktie and it is not just fashion statement, leading executives say, but a cultural shift steadily making engineering jobs in Detroit and Stuttgart more attractive to young talent previously drawn to the laidback lure of Silicon Valley.
“It’s on the way back,” says General Motors Vice President and Chief Technology Officer Jon Lauckner, who also heads the automaker’s venture-capital arm where he has an umpire’s view of startup and investment activity. “People are rediscovering the auto industry.”
Lauckner recalls launching GM Ventures nearly seven ago and “counting on one hand” the number of startups relevant to automotive, whereas today there is a hum of activity in highly germane fields such as artificial intelligence, microprocessors and materials science.
Read the source article at WardsAuto
OTS’s presence really blossomed at this year’s Canada Blooms, an annual gardening Festival that takes place in Toronto and connects attendees looking to stretch their green thumbs and see what is trending in landscape design and horticultural activity. This year, an engaged crowd of aspiring garden gurus were treated to an informative and entertaining presentation by none other than Frankie Flowers.
Frankie educated onlookers on some of the new and not so new trends emerging with respect to the recycled garden. One thing that he emphasized to the crowd was to take some lessons on recycling from our more industrious and resourceful ancestors, who often used things like bath water, egg shells and fish bits to fortify their garden plots. They practiced container gardening long before we did, and would grow tomatoes out of a tire, as the tire provides a raised platform for the tomatoes to flourish. With this process, there are fewer weeds than planting tomatoes in a more conventional fashion, the soil gets warmer faster, and most importantly, the tire beds yield a faster harvest!
Frankie highlighted the recycled materials that can be used in present-day gardens and highlighted the variety of ways tires can be put to good use in the form of planters, outdoor tires and garden edging.
Read the source article at Rethink Tires
America’s landscape is laced with “pockets of discovery,” places that reveal treasures that all too often fall below the radar. Case in point is a city many consider to be the Crown Jewel of the South—Chattanooga, Tennessee. Nestled along the banks of the Tennessee River, which cuts and winds through the bucolic highlands of the Volunteer State, Chattanooga hosts several treasures that will make the automotive, truck, and motorcycle aficionado cry bonanza. One is the Coker Tire museum.
Read the source article at Truck Trend Network
Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.
“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”
Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”
Read the source article at Tire Technology Expo 2017
The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its offering of $700 million aggregate principal amount of 10-year senior notes. The notes will be senior unsecured obligations of the company.
The notes will be offered to the public at a price of 100% of their principal amount and will bear interest at a rate of 4.875% per annum. Goodyear expects the offering to close on March 7, 2017, subject to customary closing conditions.
Goodyear intends to use the net proceeds from this offering, together with cash and cash equivalents, to redeem in full its $700 million in aggregate principal amount of 7.0% senior notes due 2022.
Read the source article at cnbc.com
Michelin North America Inc. recently introduced its newest compact-line tire, the Michelin Power Digger, at the ARA Rental Show in Orlando.
The bias tire is designed for wheeled excavators with a dual fitment for both original equipment and replacement applications, Michelin said.
Read the source article at Tire Review
Market research future published a half cooked research report on global aircraft tire market. The aircraft tire market is expected to grow over the CAGR of around 4.5% during the period 2016 to 2022. Market Highlights: …
Read the source article at Free Press Release Distribution Service
NEW YORK, Feb. 20, 2017 /PRNewswire/ — The report analyzes the worldwide markets for Industrial Rubber Products in US$ Million by the following Product Segments: Mechanical Rubber Goods, Rubber Hose and Belting, and Others. The US and Chinese markets are additionally analyzed by the following End-Use Applications: Automotive, Industrial Equipment, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.
The report profiles 442 companies including many key and niche players such as:
Read the source article at PR Newswire