Transforming the global rubber and tire supply chain to create lasting, environmentally sound sustainable rubber production requires a collaborative approach. Through an industry-first commitment to sourcing sustainable natural rubber in its tires, General Motors is helping drive the industry toward net-zero deforestation and uphold human and labor rights.
(Bowie, MD – 5/16/2017) – The Tire Industry Association (TIA), a leader in tire safety, has announced that registration is now open for all TIA’s special pre-show events. Each event will be held on Monday, October 30 at Paris Las Vegas Hotel. The Global Tire Expo/SEMA Show – Powered by TIA will be held at the Las Vegas Convention Center in Las Vegas, NV from October 31 – November 3, 2017.
Join us on June 19th and 20th in King City, Ontario, to explore the latest developments in the Canadian tire and rubber industry.
These are tumultuous times for international trade, so it’s no surprise that the Summit 2017 will focus on the questions of trade, as the Canadian rubber manufacturers and suppliers face profound challenges brought on by global economic and political changes.
As NAFTA comes under fire, the Canadian industry is inundated with trade agreements between Canada and E.U., and potential agreements with South America (Mercosur) and a seeming fast-paced pivot to China, with others coming on soon.
With NAFTA renegotiations underway, the U.S. is raising prospects of a border tax on automotive products, and disregarding how deeply integrated the automotive industry is across North America, causing a major concern for the automotive industry, a principal industry for tire and rubber manufacturers.
Tire & Rubber Summit 2017 comes at a critical time and may be the perfect anecdote to make sense of it all with learned colleagues and expert panelists to discuss the major issues and challenges affecting our businesses, our market and our country.
Both Goodyear and Cooper Tire have had to offset declining revenues by increasing profitability. But the stage is set for this to change.
The tire market is expected to grow at a faster pace than previously seen due to positive consumer trends.
Both tire companies are well positioned to take advantage of these industry tailwinds and should see their top line begin to grow in 2017.
Goodyear Tracking Its Fundamental Value
In July of last year, Goodyear Tire & Rubber (NYSE:GT) was originally one of our 10 most undervalued stocks on the Nasdaq when shares were trading at $26.50 and had a finbox.io fair value estimate of $33.50.
The stock has since jumped 35% and is now trading at nearly $36 per share while finbox.io’s fair value estimate has also risen to roughly $44 per share as illustrated below.
LONDON—Rubber mixers will have to become more automated and part of “holistic” production set-ups to deal with complexity in both the materials being processed and end use markets, according to Andreas Limper, a senior executive of HF Mixing Group.
There is a continuing rise in the number and types of tires required by the automotive industry as it brings more and more car models onto the market, Limper noted at a recent HF event in Manchester, England to mark 100 years of the Banbury mixer.
“This trend will go further with new challenges like full electric cars requiring low rolling resistance designs and so on. So you will see a higher variety of compounds [used] in the tire industry,” the HF leader forecast.
In terms of materials, Limper said the introduction of silica tire compounds and modified/functionalized polymers was making control of temperature and other parameters more critical within the mixer. Likewise, he noted the emergence of more complex carbon blacks, which are also harder to mix.
In response, Limper said, mixer manufacturers and operators will have to become even more …
REICHSHOF, Germany—Bicycle tire brand Schwalbe is launching a new generation of compounds for its MTB tires in the Evo line, which it claims will improve durability while offering high performance.
In an April 19 statement, the German company said the compound goes by the name of Addix and “solves the typical trade-off between grip, rolling resistance and wear across a much wider range than before.”
To develop the compound, Schwalbe said it used “a state-of-the-art and extremely precise mixing technology which is not generally used in the bicycle tire industry.”
In its statement, the German tire company said the new mixing process “allows for an almost infinite number of parameter variations and, with a new production hardware set up especially for Addix.”
“In terms of durability, our tires have become much more impressive across the board, and the low-temperature properties are now excellent, and not only in the soft compounds,” Markus Hachmeyer, senior product manager at Schwalbe and designer of MTB tires, said.
With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2.5 per cent in Europe. And, it plans to start supplying to major brands, including Volkswagen and Mercedes-Benz. It also said the US would be its next stop for building brands. Apollo Tyres Vice-Chairman and Managing Director Neeraj Kanwar said its Vision 2020 for Europe was to be a premium brand both in terms of size and price.
March, natural rubber continued unilateral decline in the trend continued to continue unilateral decline, and continue to hit a new low, but then encounter, stabilized stabilized, and returned to a technical rebound, which reflects the supply and demand of natural rubber market The relationship is reversed from the background and the essence of the reversal.
Prospects and Strategy Suggestions
Looking forward to April trend, by the international and domestic aspects of the neutral factors of the neutral intertwined effect, in the surrounding Tokyo City, Singapore rubber market both down the trend of deep down, Hujiao market outlook will continue the formation of the original deep down Of the trend, while subject to the global macroeconomic and financial situation neutral factors, although the short-term may fall sharply, but the medium-term may return to the low regional concussion trend, the operation should be short-term low-absorbing high-throwing.
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.
Trends in the global tire industry play to the strengths of The Goodyear Tire & Rubber Company and its strategy to drive profitable growth.
“The accelerating shift to high-value-added tires for both consumer vehicles and commercial trucks is the main product trend shaping the future of the tire industry,” Chairman, Chief Executive Officer and President Richard J. Kramer said at the company’s recent annual shareholder meeting.