Michelin acquires tire pressure control companies

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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

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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

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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

Hankook income drops in third quarter, nine months

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SEOUL, South Korea—Hankook suffered double-digit drops in operating income for the quarter and nine months ended Sept. 30, despite increased sales for both periods.

Read the source article at Rubber and Plastics News

Goodyear’s new airship to sail over 10 states headed to base

AKRON, Ohio (AP) – Goodyear says the second of three semi-rigid airships replacing its original blimps has left the company’s hangar in Ohio for its permanent base in California. Officials at the Akron-based Goodyear Tire and Rubber Co. say Wingfoot Two left the company’s hangar in Portage County on Sunday on its way to the hangar in Carson, California, near Los Angeles.

Read the source article at fox19.com

CEAT bringing radial ag lines to the U.S.

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CHARLOTTE, N.C. — CEAT Ltd., India’s No. 4 tire maker, is establishing a U.S. business unit in Charlotte to handle the launch of CEAT-branded radial agricultural and specialty tires in the U.S.

Read the source article at Tire Business

Goodyear to buy German tire inspection technology firm

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AKRON — Goodyear is pushing further into the fleet management business by agreeing to buy Ventech Systems G.m.b.H., a Germany-based developer of automated tire inspection technology under the trade name PneuScan.

Read the source article at Tire Business

Global tire rankings: Bridgestone reigns supreme again

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AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.

Read the source article at Tire Business

Tire makers commit more than $7.3B on new plants, expansions

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AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.

The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.

Read the source article at Tire Business

Goodyear Tire profit falls 27.2 pct as sales slip

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(Reuters) – Goodyear Tire & Rubber Co (GT.O), the largest U.S. tire maker, reported lower-than-expected quarterly sales as demand for tires weakened, and slashed its full-year forecast for tire unit sales and segment operating income.

Shares of the company fell as much as 13 percent to $31.00 in early trading on Friday, marking their biggest intraday percentage drop in nine months.

“Our second quarter results reflect the impact of volatile raw material costs and an increasingly challenging competitive environment, particularly in the United States and Europe,” Chief Executive Richard Kramer said on Friday.

Read the source article at reuters.com