Michelin ranks high in attracting young talent

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GREENVILLE, S.C.—When it comes to attracting young talent, Michelin North America is among the best, according to Forbes magazine, which recently named the Greenville-based tire maker one of the “Best Employers for New Grads.”

Read the source article at Rubber and Plastics News

Michelin warns of job cuts at UK plant amid cheap tires’ influx

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Dundee, Scotland – French tire maker Michelin has warned of potential job cuts at its tire production plant in Dundee amid “extremely challenging trading conditions”.

In a 10-Sept statement, Michelin said it expected the plant’s output to fall “significantly below capacity” from 6.2 million units in 2017 to a maximum of 5.4 million per year over the next three years.

The company has cited an “influx of cheap tires from Asia and falling demand for smaller premium tires” for the decline in output.

Read the source article at European Rubber Journal

Tire maker Pirelli abandons Venezuela, adding to business exodus

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Pirelli, owned by Chinese state-owned firm ChemChina, said the sale to a consortium of South American entrepreneurs and the firm Sommers International would have no financial impact.

Pirelli’s plant in the city of Valencia has been closed since early last week, when about 100 of its 700 employees protested outside after finding the gates locked.

In a statement on Friday, Milan-based Pirelli said the disposal agreement called for “employment continuity.”

Read the source article at Stock Market Quotes and News

People: Michelin announces management change

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Clermont-Ferrand, France – Groupe Michelin has announced the appointment of Pascal Couasnon as director of the mobility experience business line, effective 5 Sept.

The French tire maker said in a 4 Sept statement that that Couasnon will replace Alexandre Taisne while also maintaining the supervision over the motorsport business line which he is currently directing.

Read the source article at European Rubber Journal

Bridgestone still No. 1, but Michelin-Camso deal could shake up rankings

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AKRON — After nearly a decade of “status quo” among the world’s largest tire makers, the pecking order at the top could be in for a shuffle in the coming year or two, depending on how well Group Michelin’s pending acquisition of OTR/industrial tire…

Read the source article at Tire Business

Pirelli posts 7% profit despite lower sales

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Milan – Pirelli C & SpA has posted strong growth in earnings (adjusted EBIT before start-up costs) for the first six months of the year, despite a decline in sales.

In the six months to end of June, the Italian tire maker posted a 6.8% rise in earnings at €473.3 million compared with the same period last year.

The improvement, said Pirelli in a 7 Aug financial statement, is linked to internal levers such as price/mix and efficiencies, which “more than offset” an increase in the cost…

Read the source article at European Rubber Journal

Court appoints administrator at financially troubled Yongtai

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DONGYING, China — Shandong Yongtai Group Co. Ltd., one of China’s largest tire makers, entered court-ordered administration on July 16 as the company faces a variety of legal issues.

Read the source article at Tire Business

Sustainable rubber, autonomous vehicles on industry agenda

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HILTON HEAD, S.C.—The tire industry has seen big changes in the last decade witnessed by how the aftermarket is split up, and will see even bigger changes in the future brought on by new automotive technologies, according to Dave Zielasko, publisher of Rubber & Plastics News. Speaking at the recent Clemson Tire Industry Conference in Hilton Head, he said of 209 million replacement passenger tires shipped in the U.S. in 2017, 144 million were imported.

Read the source article at Rubber and Plastics News

Bridgestone to invest $12 million in Illinois tire plant

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BLOOMINGTON, Ill. — Bridgestone Americas is investing $12 million to expand off-the-road tire production at its plant in Bloomington, adding multiple sizes and patterns for 29-, 33- and 35-inch OTR tires.

Read the source article at Rubber and Plastics News

Pirelli reveals it has more than 500 fitment deals for its run-flat tires

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Underlining its position as a leading developer of run-flat tires, Pirelli now has more than 500 homologations for its run-flats. In total, it has secured 516 OE fitment deals – 326 for summer tires, 100 for winter, and 90 for all-season tires. All together Pirelli has more than 2,800 OE contracts with OEMs for its products.

Read the source article at Tire Technology International