The Politics of Being a Tire Dealer

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As a business leader and manager, you’re tasked with many of the same duties as professional politicians – building consensus, communicating a shared vision, dealing with the public and staying visible within your community.

And as a tire dealer, you have far more political expertise and influence than you may realize. Your voice, experience and wisdom are highly valuable to your community and your industry. From serving on boards and councils locally to speaking on industry issues before the House and Senate – even running for office – tire dealers have a reputation for getting involved.

Read the source article at Tire Review

Research Report on Tire Export in China, 2017-2021 – Research and Markets

Research and Markets has announced the addition of the “Research Report on Tire Export in China, 2017-2021” report to their offering.

In 2016, China’s tire export reached CNY 468.48 million, increasing by 5.4% YOY. Export value was USD 12.89 billion, decreasing by 6.9% YOY. Average unit export price was USD 27.52, decreasing by 11.65% YOY.

Read the source article at Stock Market Quotes and News

Fortune: Goodyear ‘most admired’ tire company

AKRON (Feb. 22, 2017) — For the fifth year in a row, Fortune magazine has ranked Goodyear as the world’s most admired tire company.

Fortune listed Goodyear No. 2 on its list of most admired companies in the motor vehicle parts category, the highest rank in the category for a U.S.-based company. The second-place rank also in an improvement over last year’s No. 3 ranking.

Other tire companies to make the 2017 list in the motor vehicle parts category were Group Michelin and Continental A.G., which were ranked fourth and fifth, respectively.

Robert Bosch L.L.C. took to the top spot in the motor vehicle parts category. Toyota (3), Johnson Controls (6), Lear (7) and ZF Friedrichshafen (8) round out the list of companies in the category.

In addition to being ranked among Fortune‘s most admired companies, Goodyear also ranks 169th on the Fortune 500 list.

Read the source article at Tire Business

Bridgestone, Conti and SRI win at TTI Awards

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Sustainable innovation, and next-generation information and communication technologies were championed at this year’s Tire Technology International Awards for Innovation and Excellence.

The awards are decided by the votes of a 27-strong panel of experts from the tire industry and academia, with the winners announced last night (Wednesday, February 15) during Tire Technology Expo, at a Gala Dinner at the Hannover Congress Centrum.

This year’s winners are testament to how the latest consumer electronics and cutting-edge information communication technology are being successfully adopted into tire design and manufacturing, yielding great results.

Graham Heeps, editor, Tire Technology International & chairman of the judging panel said: “Cutting-edge sustainability and information technology is more prominent than ever among this year’s winners, showing that the tire industry is at the forefront of high-tech research, development and manufacturing. The judging panel was impressed by the strength in depth among this year’s finalists. Picking the winners gets harder every year!”

Bridgestone was awarded Tire Manufacturing Innovation of the Year with judges overwhelmingly voting for the brand’s Examation tire assembly system. Examation combines revolutionary artificial intelligence with information and communication technologies, for improved quality and enhanced factory productivity.

Versalis/Genomatica won the Environmental Achievement of the Year award for their long-term project to create renewable butadiene. The companies embarked on the joint venture in a bid to address concerns around potential butadiene shortages and price increases. In a demonstration run in 2016, several kilograms of renewable butadiene were prepared starting from commercial sugars, with polymerization tests showing no differences between the polybutadiene prepared from fossil or renewable feedstock.

Sumitomo Rubber Industries (SRI, producers of Falken tires) won the Tire Technology of the Year category for a record third time with its Advanced 4D Nano Design, which makes is possible to perform highly realistic simulations of the complex internal structures and behaviours of rubber materials at the nanoscale. The technology is being used to develop next-generation tire materials, including a new tread rubber that doubled the wear performance of SRI’s standard tread rubber from 2011.

The Tire Industry Supplier of the Year award was presented to Harm Voortman, president and CEO, VMI Group. Judges recognized the launch of VMI’s Milexx truck-tire building machine, along with further debuts including its Retrax automated pre-cure tread applicator, Pixxel vision system, and its new manufacturing facility in Leszno, Poland, operational from Q2 2017.

In the hotly contested Tire Manufacturer of the Year category it was Continental who scooped the prize, beating off stiff competition from Hankook, Michelin and Yokohama.

A raft of major R&D and production investments were unveiled by Continental in 2016, with German projects including a new high-performance technical center and a dedicated dandelion-rubber research center. In September, the first truck test tires containing dandelion rubber were revealed, with production expected to follow in 5-10 years.

Two specialist awards were also presented. TU Dresden PhD candidate, Pavel Sarkisov took home the Young Scientist Prize after delivering an impressive conference paper entitled “Optical measurement of tire deformation focused on transient handling properties”. Meanwhile tire materials expert, Gert Heinrich, director of the Institute of Polymer Materials at the Leibniz Institute for Polymer Research in Dresden, and Continental’s former head of materials research, received the Lifetime Achievement Award.

For more on all the winners, head to www.tiretechnology-expo.com.

Read the source article at Tire Technology International

Cooper Tire ambassadors look to inspire students

Cooper Tire & Rubber Co., like many companies in the rubber industry, is trying to find ways to develop its talent pipeline. It realized that to do so, manufacturing needs to have a voice early on in a child’s education.

The company has used Manufacturing Day as a platform. And in conjunction with the Manufacturing Institute’s “Dream It. Do It.” program, the company established its own “Dream Team,” which consists of employees who serve as year-round ambassadors for manufacturing.

The team does a number of community outreach activities with local high schools and colleges, but the majority of them are centered around eighth graders, and the biggest is Manufacturing Day. The last two years Cooper has hosted events at all three of its plants for middle schoolers and offered the chance to experience what it’s like to work in the rubber industry. Kids take on roles—for instance a tire builder—and work one-on-one with employees to learn the job.

Cooper Tire said it’s reached 10,000 eighth graders through its Manufacturing Day programs.

Read the source article at home.rubbernews.com

USITC confirms tariffs on Indian & Sri Lankan OTR tires

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It’s happening! The USITC has this week confirmed it believes the U.S. tire industry is being “materially injured” by imports of off-the-road tires from India and Sri Lanka, upholding a finding of the Department of Commerce.

As a result, some Indian OTR tire manufacturers (although, significantly, not BKT’s Balkrishna) will pay a 3.67 percent anti-dumping tariff.

BKT will pay countervailing duties of 5.36 percent though. Alliance Tires Pvt. Ltd. will pay 4.9 percent and all other Indian tire manufacturers will pay a 5.06 percent tariff.

Sri Lankan tire makers will pay countervailing duties of 2.18 percent.

The USITC and DOC found that tires are being sold in the United States at less than fair value and were being subsidized by the governments of India and Sri Lanka. The anti-dumping duty order on imports of these products from India and countervailing duty orders on imports of these products from India and Sri Lanka is designed to counter that.

Tires that entered the United States from these countries prior to June 20, 2016, will not be subject to retroactive countervailing duties.

Read the source article at Traction News

OTR business hoping for Trump effect

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Off-the-road tire manufacturers and their tire dealer customers continually monitor the construction and mining industries to gather and analyze data to help determine how their businesses are likely to fair in the coming year(s).

If mining and construction activities look to have banner years, for example, it’s likely original equipment and replacement tire demand will be strong.

Conversely, if mining and construction are looking to be weak, tire demand is likely to be down as well.

This year, the OTR tire business has a wildcard to consider: the Donald Trump effect.

During his presidential campaign, Mr. Trump proposed investing $550 billion in federal funds, likely over five years, in infrastructure and public works projects, according to forecasters Dodge Data & Analytics.

As one tire industry executive put it: If the federal government hikes funding for highway projects that should also give a boost to the tire business.

Read the source article at Tire Business

Tyre makers may now feel the pinch after Donald Trump’s tariff threat

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KOCHI: The Trump effect seems to be rubbing off on the Indian tyre industry. Following US President Donald Trump’s tariff threat on tyres from China, there is likely to be a simultaneous surge in imports of Chinese tyres in India. 

The Trump effect, coupled with the fact that natural rubber prices have climbed another 7% to touch Rs 160 per kg during the week keeping in step with global market trends, is likely to force the local tyre industry to raise the prices of tyres. 

Read the source article at The Economic Times

Congress of Philippines : House pushes for rubber industry board creation

The House committee on agriculture and food has approved the creation of a technical working group (TWG) that will finalize the bill seeking to create a Philippine Rubber Industry Development Board (PhilRubber) which shall be responsible mainly for the promotion, development and growth of the rubber industry by improving its quality and productivity, and expanding its markets.

The TWG creation was agreed upon during a recent hearing of the committee chaired by Rep. Jose T. Panganiban, Jr. (Party-list, ANAC IP). The TWG shall be headed by Rep. Isagani S. Amatong (3rd District, Zamboanga del Norte) who is also the author of the proposal embodied in House Bill 2912.

Read the source article at Stock Market Quotes and News

USW, importers face off at ITC duties hearing

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WASHINGTON (Jan. 26, 2017) — Depending on who’s talking, truck and bus tires imported from China are either underpriced and subsidized products that have snatched market share from domestic manufacturers or are products that have little substitutability with U.S.-produced tires.

These were the opposing views presented at the Jan. 24 hearing at the International Trade Commission (ITC). This hearing represents the ITC’s final public consideration of whether imported Chinese truck and bus tires have caused material injury to the U.S. truck and bus tire industry.

The United Steelworkers (USW) union filed petitions in January 2016 with the ITC under Sections 701 and 731 of the Trade Act, requesting antidumping and countervailing duty relief against Chinese truck and bus tire imports.

Read the source article at Tire Business