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.
WASHINGTON, D.C. (March 14, 2017) — Canada replaced China last year as the No. 1 trading partner of the U.S. in tires, as the value of China’s imports to the U.S. — impacted primarily by the cut in consumer tire shipments due to the elevated import tariffs on passenger and light truck tires — tumbled nearly 43 percent to $1.52 billion.
The value of Canada’s imports fell as well, but by only 1.9 percent, to $1.59 billion, a volume that was sufficient to allow Canada to claim top billing, according to Tire Business‘ analysis of the 2016 data from the U.S. Department of Commerce.
Overall, the value of imports fell 10 percent vs. 2015, with reduced trade in passenger and truck tires influencing the change the most, Commerce Department data shows.
The value of South Korea’s imports inched up 0.7 percent to $1.43 billion to claim third, while the value of Thailand’s imports to the U.S. rose 21.2 percent to $1.37 billion, reflecting a 24.2-percent jump in passenger tire imports and a near doubling in truck/bus tire imports as Chinese manufacturers shifted production to plants in Thailand.
The value of Japan’s imports fell 18.6 percent to $1.18 billion, dropping that nation to fifth on the list of trading partners from third in 2015.
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.”
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 $700 million in aggregate principal amount of 7.0% senior notes due 2022.
Michelin North America Inc. recently introduced its newest compact-line tire, the Michelin Power Digger, at the ARA Rental Show in Orlando.
The bias tire is designed for wheeled excavators with a dual fitment for both original equipment and replacement applications, Michelin said.
Market research future published a half cooked research report on global aircraft tire market. The aircraft tire market is expected to grow over the CAGR of around 4.5% during the period 2016 to 2022. Market Highlights: …
NEW YORK, Feb. 20, 2017 /PRNewswire/ — The report analyzes the worldwide markets for Industrial Rubber Products in US$ 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:
It is a known fact that tyres play a significant role in the vehicle’s performance. There has been tremendous pressure on automotive OEMs to improve the performance of the vehicles. For the last few years, performance of tyres has played a significant role because of the change in requirements of automotive OEMS and end users. Tyre ratings & labeling programs are steps towards improvement of tyre efficiency. This gives option to the customers to select the brand of their choice.
Tokyo – Sumitomo Rubber Industries (SRI) has developed a winter tire using Kuraray-supplied liquid farnesene rubber (LFR) as a performance enhancing additive, the Japanese synthetic rubber supplier announced 20 Feb.
Tokyo-based SRI has used the additive in the production of its latest studless tire Winter Maxx 02, according to Kuraray’s announcement.
LFR is a liquid rubber developed by Kuraray using farnesene, a new biologically derived diene monomer developed by US biotech company Amyris.
A new market report from the tire experts at Smithers Rapra forecasts global tire manufacturing will grow nearly 4% per year through to 2022, driven by increased demand, tire innovations, and continuing capital spending and capacity expansion by tire suppliers.
“The tire industry currently is in the middle of a boom cycle, both with respect to capital spending and net capacity additions,” said Arthur Mayer, author of The Future of Tire Manufacturing to 2022.
Developments affecting tire plants and manufacturing processes include the uptake of new vehicle powertrains, logistical burdens, the emergence of new markets, mergers and acquisitions, and the increased value and scarcity of real estate. Tire market drivers with direct impact on manufacturing include environmental and tire regulations, changes in materials and tire designs, and demands on tires.