Tire maker Michelin posts higher 2017 profits, warns of currency hit

curata__xjiXrwYWZGUySKo.jpeg

PARIS (Reuters) – French tire maker Michelin reported higher profits for 2017 while warning of a likely hit from foreign exchange movements.

Net income rose 1.6 percent last year to 1.693 billion euros (1.52 billion pounds), the company said on Monday. Analysts polled by Inquiry Financial for Reuters had given a median net income forecast of 1.67 billion euros.

Read the source article at Stock Market Quotes and News

Goodyear suffers double-digit earnings drops, Q4 net loss

curata__ZMjL2bj2PKSzRHS.jpeg

Akron, Ohio — Goodyear suffered double-digit drops in segment operating income for the quarter and fiscal year ended 31 Dec and reported a tax-reform-related net loss for the quarter.

Goodyear cited elevated raw materials costs and the “unfavourable” impact of reduced production volumes on costs for the operating earnings declines, and said the fourth quarter loss was driven by a $299 million (€244 million) one-time, non-cash tax charge related to US tax reform.

Read the source article at European Rubber Journal

Hankook eyes continued sales growth, profits rebound in 2018

curata__VXRDwCw6zUrqCaK.jpeg

SEOUL, South Korea—Hankook’s management expects profits to rebound in 2018 as the company focuses on increasing its sales of higher value-added products and diversifying its OE portfolio.

Read the source article at Rubber and Plastics News

Michelin settles design patent lawsuit with Tire Mart

ST. LOUIS — Michelin North America Inc. has reached a settlement with Tire Mart Inc., d.b.a. Braven Off-Road, in a design patent lawsuit brought last year by Michelin.

Read the source article at Tire Business

Zeon supplies rubber for Yokohama winter tire

curata__CeAp2Rre3Wrc7hB.png

Tokyo – Nippon Zeon Co. has supplied solution polymerised rubber to Yokohama Rubber Co. (YRC) for its latest studless tire “iceGUARD 6″, Zeon announced 25 Jan.

The company said the solution rubber had high reactivity with silica, allowing for increased loadings and uniform dispersion.

Compounds based on the polymer would yield tires with improved rolling resistance and wet-grip properties, added Zeon.

Read the source article at European Rubber Journal

Doublestar to build smart rubber recycling plant

curata__dKR9UzeDrnYQlcC.jpeg

ZHUMADIAN, China – China’s tire maker Doublestar broke ground on its smart plant for scrap rubber recycling in Zhumadian in December, the company said.

Read the source article at Rubber and Plastics News

Year in review: Global tire players transform footprint

curata__uIoE9X059SPKVi3.jpeg

The global tire industry almost saw another big merger in 2017, but there was plenty of other activity keeping firms busy in the year. From new investments to new structures, here are four of the biggest events within the tire sector.

Doublestar tries to buy Kumho

It looked for a moment another big-time tire merger was about to happen.

Doublestar Tire Co. Ltd. had agreed to acquire Kumho Tire Co. Inc. for about $830 million in March, but in September Kumho creditors rejected the deal after Doublestar allegedly asked for the price to be reduced by 16 percent amid disputes over trademark rights.

The deal is on thin ice as both sides were…

Read the source article at Rubber and Plastics News

Michelin acquires tire pressure control companies

curata__oXoe9BXEMMBKSUT.png

Clermont-Ferrand, France – Groupe Michelin has acquired two European tire pressure control systems suppliers as part of its bid to become a “total solutions provider” in the agriculture segment and improve its central tire inflation systems (CTIS).

The French tire maker announced 13 Nov that it had acquired German PTG Tire Inflation Systems and France-based Téléflow SAS, both specialised in tire pressure control systems which allow users to monitor and adapt tire pressures according to the terrain and conditions of use.

The move, explained the…

Read the source article at European Rubber Journal

Sumitomo rolls out ‘Smart Tyre’ innovation roadmap

curata__Vg7H9huSceO5i20.jpeg

TOKYO — Sumitomo Rubber Industries Ltd. has set out a series of targets for its development of innovative tire products to meet increasing requirements around safety, sustainability and connected mobility.

Read the source article at Tire Business

ERJ Top 10 Technology Stories

curata__0E4Ww998YGZoHAS.jpeg

ERJ focus on significant developments and advances in rubber materials, processing and application technologies:

Mesnac advances “most intelligent” TBM

TIRE MANUFACTURE – Mesnac has recently introduced what it said was “the most intelligent tire building machine (TBM) designed independently in China”. The PS2A PCR machine, features ‘synchronous turn-up’ and intelligent control technologies, and achieves cycle times of less than 40s…

Yokohama taps ‘informatics’ to accelerate rubber research

Read the source article at European Rubber Journal